Grey Clustering Evaluation for the Cooperation Efficiency of PPP Project: Taking Beijing Metro Line 4 as an Example

Abstract

PPP model is an important model which provides public products or services based on the coordination between the public sector and private sector. The implementation of PPP model is helpful for relieving the stress of insufficient funding for public sector and improving the efficiency of resource allocation. Comparing with traditional infrastructure project, PPP project involves many stakeholders, and the cooperation efficiency during the different stakeholders impacts the results of the project directly. Thus, it is important to explore the cooperation efficiency of PPP project. Based on grey clustering model, this paper evaluates the cooperation efficiency of PPP project. An evaluation index system including 36 indexes is established based on the aims and objectives of three stakeholders (public sector, private sector, and passengers). A case study of Beijing Metro Line 4 PPP project is implemented to verify the validity and applicability of the evaluation model. And the results showed that the cooperation efficiency of Beijing Metro Line 4 PPP project is relatively high. The model also provided insights into the shortage of the cooperation efficiency of Beijing Metro Line 4 PPP project. As such, the results can assist all stakeholders in adjusting the cooperation efficiency.

How does contract flexibility affect the sustainability performance of public–private partnership projects? A serial multiple mediator model

“…Governments have increased their partnership with the private sector through the PPP model to develop public projects together (Almarri and Abuhijleh, 2017); a good partnership is vital to the success of projects (Jing and Jian, 2014). Unlike traditional infrastructure projects, the efficiency of cooperation between the different stakeholders involved in a PPP project can directly affect the outcome of the project (Sun et al, 2019). Consequently, the efficiency of PPP project collaboration has been widely investigated (Wang et al, 2021a, b).…”

Investigating the Driving Factors of Public Participation in Public-Private Partnership (PPP) Projects—A Case Study of China

“…These items often occur in our daily life, which are potential risks for public dissatisfaction and opposition. For example, NIMBY PPP projects may affect the physical or mental health of the public [90]; unreasonable charges may exist in PPP transportation projects [91]; and some PPP projects are built without considering local customs probably, so as to destroy the culture [92].…”

Optimization of Benefit Allocation in Contracted Water-Saving Projects Based on the Shapley Value Method

“…Since the whole life cycle of CWSM projects in colleges/ universities involves many human interference factors, high risks, and complex relationships, this paper chooses the gray clustering method [16,38,39] to determine the risks of each stakeholder and adjust the proportion of benefit allocation…”