Factors contributing to successful public private partnership projects

Abstract

Purpose -With the increasing interest in public private partnership (PPP), there is a need to investigate the factors contributing to successful delivery of PPP projects. The purpose of this paper is to analyze the perceptions of respondents from Hong Kong, Australia and the UK on the importance of 18 such factors. Design/methodology/approach -An empirical questionnaire survey was conducted in Hong Kong and Australia. The survey respondents were asked to rate 18 factors which contribute to delivering successful PPP projects. Findings -The findings from this survey were further compared with the results achieved by a previous researcher in a similar survey conducted in the UK. The comparison showed that amongst the top five success factors ranked by Hong Kong respondents, three were also ranked highly by the Australians and British. These success factors included: "Commitment and responsibility of public and private sectors"; "Strong and good private consortium"; and "Appropriate risk allocation and risk sharing". Therefore, it can be concluded that there are certain common critical success factors for conducting PPP projects, irrespective of the geographical locations. Originality/value -The findings presented in this paper have highlighted the most significant critical success factors which may be applicable to all jurisdictions, and also those which are specifically for Hong Kong and Australia. It is believed that the participants of future PPP projects can use these findings to maximize the success of conducting similar projects.

Influence of External Environmental Factors on the Success of Public Housing Projects in Developing Countries

“…Measures of political factor are a stable political environment, government support for public housing, government guarantees, a favourable legal framework, provision of land with secure tenure, adequate funding of infrastructure by the government and finally, government support for local building materials manufacturers. This result is consistent with that of Hwang and Lim (2013) and Cheung, Chan and Kajewski (2012) who stress the importance of a stable political environment in successful implementation of projects. To encourage the private sector to invest in public housing projects, the government should provide a guarantee to developers by managing those risks that the government is in the best position to handle, such as fluctuation of the exchange rate and changes in law.…”

Factors determining the success of public private partnership projects in Nigeria

“…Li et al (2005) also identified five key PPP success factors as: (1) strong private consortium; (2) appropriate risk allocation and risk sharing; (3) available financial market; (4) commitment/responsibility of public/private sectors; and (5) thorough and realistic cost/benefit assessment. Additionally, the commitment and shared vision, open communication and trust, and collaboration are the three key PPP success factors identified in the United States of America by Jacobson and Choi (2008), whereas, in China, the key success factors for PPP projects are a stable macro-economic condition; favourable legal framework; sound economic policy; available financial market; and multi-benefit objectives (Cheung, Chan and Kajewski, 2012). A stable macro-economic condition is seen as an important factor in the delivery of PPP project successfully in the country, although, China is still being recognized as a developing country, despite the large size of her economy.…”

“…However, this is a concept being adopted in the construction industry (Sanvido et al, 1992;Chua, Cog and Loh, 1999). The concept of critical success factors has been investigated by many authors on PPP projects (Jefferies, Gameson and Rowlinson, 2002;Li et al, 2005;Cartligde, 2006;Jacobson and Choi, 2008;Cheung, 2009;Agrawal, 2010;Minnie, 2011;Chou et al, 2012;Ng, Wong and Wong, 2012;Cheung, Chan and Kajewski, 2012;Tang et al, 2013;Ismail, 2013;Wibowo and Alfen, 2014;and Ameyan and Chan, 2015). A comprehensive literature review was conducted to identify CSFs of PPP in the construction industry.…”

“…The factors that were identified for the private sector participants in the implementation of PPP projects are strong private consortium (Jefferies, Gameson and Rowlinson, 2002;Li et al, 2005;Zhang, 2005;Cheung, 2009;Ng, Wong and Wong, 2012;and Ameyan and Chan, 2015), appropriate risk allocation and sharing (Li et al, 2005, Zhang, 2005Cheung, 2009;Wibowo and Alfen, 2014), available financial market (Li et al, 2005;Cheung, Chan and Kajewski, 2012;Ismail, 2013;Ameyan and Chan, 2015), thorough and realistic cost/benefit assessment (Li et al, 2005 andChou et al, 2012), economy viability (Zhang, 2005 andNg, Wong andWong, 2012), nature of contractual agreement (Zhang, 2005;Agrawal, 2010;and Wibowo and Alfen, 2014), favourable legal framework (Cheung, 2009;Cheung, Chan and Kajewski, 2012;Ismail, 2013, Wibowo andAlfen, 2014;and Ameyan and Chan, 2015), delivery publicly needed service (Minnie, 2001;Ng, Wong and Wong, 2012;and Ismail, 2013), sound economy policy (Cheung, 2009;and Ismail, 2013), and stable micro-economic conditions (Cheung, 2009;and Cheung et al, 2012). Two factors that were identified as key factors for the delivery of PPP projects by the public sector were the alignment with government's strategic objectives (Ng, Wong and Wong, 2012;and Tang et al, 20...…”

(Dis)Trust, Control, and Project Success: From a Chinese Project Owner’s Perspective

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