Impediments to Public-Private Partnership Projects In Aftermath of Covid-19 Pandemic

Shah, Mushtaq Ahmad; Ghayas, Atif

doi:10.23862/kiit-parikalpana/2022/v18/i1/212347

Cited by 3 publications

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“…Governments across the world accept the importance of partnerships for sustainable development of critical construction projects. Due to the intricacy and long gestation period of projects, the partnership players, unfortunately, have a strained relationship, which causes financial loss and project delays (Shah and Ghayas, 2022). Earlier research studies identified the various issues with stakeholder management in complex infrastructure projects, including insufficient stakeholder involvement, site supervisors with unclear stockholder management objectives, difficulty in identifying the invisible interested parties and unsatisfactory managing and distributing information among participants (Kaharuddin et al , 2020; Rowlinson and Cheung, 2008).…”

Section: Introductionmentioning

confidence: 99%

Examining the relationship among critical success factors (CSFs) for delivery of sustainable public-private partnership projects

Shah,

Kumar,

Shah

et al. 2023

JFMPC

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Purpose The sustainable development goal (SDG 17) is to strengthen the means of implementation and revitalise the global partnership for sustainable development. Partnership is a key strategy for acquiring skills, information and private finance for developing critical infrastructure projects. Existing studies have mostly concentrated on identifying critical success factors (CSFs) for successfully delivering public–private partnerships (PPPs) projects, but the interrelationships among CSFs expected from stakeholders have garnered less attention. The purpose of this study is to examine the interconnections among CSFs of PPP projects while keeping the public in mind, as well as the influencing routes that contribute to success in the PPP implementation process. Design/methodology/approach The study uses a mixed-method approach that involves both quantitative and qualitative methods of data collection. The data for the study were collected through a well-structured questionnaire from the respondents who are directly or indirectly associated with the PPP project implementation process. The CSF’s framework was built using a literature study and expert interviews; nine hypotheses were developed and evaluated using structural equation modelling. Random and purposive sampling techniques were used for the respondents who were directly or indirectly associated with the PPP project implementation process. Findings The findings of this study reveal that the relationship between public and private partners is more adherent than collaborative, with unequal responsibilities, powers and resources distributed among the parties involved. The relevance of state rules, the PPP directive and policies in PPP implementation is supported by the positive connection between favourable environments (Fav_Env) and government attributes (Gov_Atr; the path coefficient is 0.405). Moreover, government attributes have a favourable influence on private company attributes (Pvt_Atr; the path coefficient is 0.198), showing that the state plays a substantial role in the private sector’s decision-making process in PPP. The long-term sustainability and success of a PPP project are dependent on the established interrelationships between CSFs. Practical implications The established interrelationships between CSFs will contribute to the long-term viability and success of a PPP project. Since PPP is still in its infancy in India, the study of CSFs in PPPs and their interrelationships will help policymakers and other stakeholders better understand the major individual factors impacting the success or failure of PPP initiatives. Originality/value Because PPP is still in its infancy in India, the study of CSFs in PPPs and their interrelationships will help policymakers and other stakeholders to better understand the major individual factors impacting the success or failure of PPP initiatives. A key implication of the study borders on providing a better understanding of the relationships between CSFs and public engagement. This is also critical for the long-term viability of PPPs and the enhancement of public service quality.

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Section: Introductionmentioning

confidence: 99%

Examining the relationship among critical success factors (CSFs) for delivery of sustainable public-private partnership projects

Shah,

Kumar,

Shah

et al. 2023

JFMPC

Self Cite

View full text Add to dashboard Cite

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Leveraging Blockchain Technology in the Construction Industry

Shah

Uddin

2023

Building Secure Business Models Through Blockchain Technology

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Taking into account the significance and hurdles of blockchain technology in construction work, the current study examines the potential of blockchain technology in the construction industry and how this disruptive technology could revamp construction projects. Using blockchain to simplify the contractual processes and paperwork associated with these complex projects could save money, free up valuable resources, and accelerate project completion. The blockchain records are tamper-proof, which will help enforce work compliance and discourage potential record fabrication. As a result, it makes sense to begin focusing on blockchain convergence efforts in these sectors and then extend them as the technology improves.

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Assessing the Role of Public-Private Partnership in the Deployment of Central Bank Digital Currencies (CBDCs)

Shah

2024

Global Developments in Central Bank Digital Currency

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As digitisation transforms the financial environment, central banks are introducing digital currencies. However, CBDC provision involves a wide range of complicated challenges, including technology developments, legal frameworks, and market dynamics. Public-private partnerships have emerged as a potential approach to provide CBDCs in this regard, using the capabilities of both sectors to achieve mutual goals. This chapter critically analyse public-private partnerships in CBDCs, providing a comprehensive understanding of CBDC partnerships by exploring various CBDCs models, their design and features, as well as the major problems in designing and implementing CBDCs. This study uses a mixed method approach of data collection and analysis to gather information on PPP in CBDC. The survey demonstrates that stakeholders across sectors agree on the significance of legal frameworks, security standards, and collaboration among government agencies, although there are slight differences in their focus on technological infrastructure, innovation, and public awareness.

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Impediments to Public-Private Partnership Projects In Aftermath of Covid-19 Pandemic

Cited by 3 publications

References 0 publications

Examining the relationship among critical success factors (CSFs) for delivery of sustainable public-private partnership projects

Examining the relationship among critical success factors (CSFs) for delivery of sustainable public-private partnership projects

Leveraging Blockchain Technology in the Construction Industry

Assessing the Role of Public-Private Partnership in the Deployment of Central Bank Digital Currencies (CBDCs)

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