A review of studies on Public–Private Partnership projects in the construction industry

Tang, Liyaning; Shen, Geoffrey Qiping; Cheng, Eddie W.L.

doi:10.1016/j.ijproman.2009.11.009

Cited by 351 publications

(297 citation statements)

References 112 publications

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“…(Ke et al, 2009;Tang et al, 2010), while the research interests of PPP in China on strategies and framework in choosing the right type of PPP, financing structure optimization, legal issues, concession period design and pricing mechanism (Shan and Ye, 2012).Regarding some of the topics, there are several review publications to summarize the PPP application in China in order to draw lessons for future references. For instances, Ke et al (2014) summarized the application of PPP in China in terms of opportunities, environment and usage; Wang et al (2014) analyzed the overall application of PPP by examining the characteristics and classical projects in different sectors; Adams et al (2006) examined the PPP system and major models in China and identified the key constraints; Mu et al (2011) analyzed and explained the institutional transition process of PPP in China's transportation based on the Path Dependence Theory; reviewed and assessed the development of PPP in China's urban water sector based on a self-collected project database on 152 water supply projects and 200 waste water treatment projects.…”

Section: Introductionmentioning

confidence: 99%

Spatio-temporal dynamics of public private partnership projects in China

Cheng

Lin

et al. 2016

International Journal of Project Management

108

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Public Private Partnership (PPP) has been widely applied in developing infrastructures around the world. In this research, a large database of PPP projects in China was firstly built to explore the spatio-temporal evolution in terms of regional differentiation, sectors, investors and contract types. It was found that China's PPP projects have undergone four stages with the characteristics of fluctuations along with time series, spatial differentiation and paradox of application. The mechanism behind these changes mainly include the momentum of economic development and impact of national policies, local settings, especially the local governments' motivation, preference, competency and reliability, as well as the feasibility and management of PPP projects. This paper tries to make its contribution in providing Chinese cases for international comparison, while helping Chinese national and local governments make customized policies, as well as laying foundation for further in-depth empirical and theoretical PPP research.

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Section: Introductionmentioning

confidence: 99%

Spatio-temporal dynamics of public private partnership projects in China

Cheng

Lin

et al. 2016

International Journal of Project Management

108

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“…In 80s of last century, in the overall privatization ideas, the British government began to advocate PPP mode. The British government is a pioneer advocate of PPP, and it is also the promoters of PPP [1]. PPP is the abbreviation of three English words which include private, partnership, and public.…”

Section: Introductionmentioning

confidence: 99%

Analysis and Countermeasures of PPP Project Implementation Difficulties

Chang

2017

MATEC Web Conf.

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Abstract. Since the beginning of 1995, the model of PPP project construction was introduced in China. It has been widely used in many fields such as energy, municipal, and so on. It has accumulated a lot of experience in improving the investment system structure and guiding the social capital into the infrastructure field. But the mode of PPP project construction in the implementing process in different environment often encounters a lot of problems. Based on a large amount of analysis on the existing literature, this paper resorts out the PPP project model combining the problems occurred in the implementation process of PPP project, and summarizes corresponding countermeasures aiming at the problems in order to provide help for PPP project implementation in the future.

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“…In practice, there are also variable schemes, differing in efficiency [2]. All these speak for the urgency of the research, the practical importance of attracting money to the fund renewal, and the need for the innovative approach for the solution of the problems, existing in the field [18].…”

Section: Introductionmentioning

confidence: 99%

Performance Evaluation Technique of Life Cycle Contracts for Innovation-oriented Companies

Timchuc¹,

Dorzhieva²,

Nikituk³

et al. 2017

Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

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-In the modern economic environment, the innovative-investment activity of companies is acquiring great importance. According to the authors, public-private partnership (PPP) is described as the foundation of the innovative activity, as an essential tool for increasing the efficiency of the national innovative system, which contributes to incentives of investment, and optimal use of material, technical, human and financial resources. The article examines the interaction between the government and private business at different stages of the innovative process which promotes the improvement of design arrangement quality and the efficiency of the investment and innovative activity. In the article, the authors pay special attention to the necessity of application of life cycle contracts (LCC) as an effective instrument of the implementation of public private partnership for the development of the national economy. Also, they give their own definition of "lifecycle contract", and the key characteristics of LCC. The authors suggest a business model of the interaction between the state and private business based on PPP and LCC, contributing to improving the quality of design arrangements and the efficiency of investment and innovative activity in the HPU sector. The advantages and disadvantages of PPP (based on LCC) for the business and government are also identified and substantiated in the article. Moreover, the authors developed and gave scientific and theoretical credence to the technique for efficiency evaluation of investment projects, implemented as part of PPP on the basis of LCC. This technique is based on the use of the net present value, the profitability index, the internal rate of return and take into account possible fluctuations of investment risk. All these factors as a whole enable one to assess the efficiency of investments in innovation-oriented companies. According to the results of the research, the authors concluded that it is the projects of PPP, based on life cycle contracts, that can be the real instruments, contributing to the stabilization and improvement of the situation for the development of innovative-investment activity of the companies.

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A review of studies on Public–Private Partnership projects in the construction industry

Cited by 351 publications

References 112 publications

Spatio-temporal dynamics of public private partnership projects in China

Spatio-temporal dynamics of public private partnership projects in China

Analysis and Countermeasures of PPP Project Implementation Difficulties

Performance Evaluation Technique of Life Cycle Contracts for Innovation-oriented Companies

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