Modeling Contingent Liabilities Arising from Government Guarantees in Indonesian BOT/PPP Toll Roads

Wibowo, Andreas; Permana, Andre; Kochendörfer, Bernd; Kiong, Robert Tiong Lee; Jacob, Dieter; Neunzehn, Dirk

doi:10.1061/(asce)co.1943-7862.0000555

Cited by 67 publications

(44 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Land acquisition (R 1 ) is frequently a critical issue in PPP infrastructure projects; it can be a major source of project risk if poorly allocated and managed (Ş entü rk et al, 2004;Lindsay, 2012;Wibowo et al, 2012). The results suggest that the risk of land acquisition should be allocated to the government; this is reflected by its high RCCI of 0.73 as against 0.26 of the private sector.…”

Section: Discussion Of Resultsmentioning

confidence: 82%

“…They were selected for allocation and reporting because they (1) emerged as critical risk factors from the first two rounds of the Delphi survey (Ameyaw, 2014), (2) occur in different PPP modalities and at different phases of a project, and (3) have been considered critical vis-à-vis their impact on project performance, and controversial and problematic regarding their allocation in PPP water projects (Ş entü rk et al, 2004;Hall et al, 2005;Barnett, 2007;Frauendorfer and Liemberger, 2010;Wibowo and Mohamed, 2010;Wibowo et al, 2012;Li et al, 2005). Another reason is space limitation: reporting on five important risks will enable their content to be described in detail.…”

Section: Methodsmentioning

confidence: 99%

See 1 more Smart Citation

Risk allocation in public-private partnership water supply projects in Ghana

Ameyaw

Chan

2015

Construction Management and Economics

View full text Add to dashboard Cite

Appropriate risk allocation (RA) between public and private sectors according to their risk management (RM) capabilities is crucial for the success of public-private partnership (PPP) projects. The RA process in PPP water projects is examined, and a methodology based on fuzzy set theory is outlined with RA principles that can be used by public-private participants to arrive at fair RA decisions. Empirical data based on an industry-wide threeround Delphi questionnaire survey is used in this study to outline the methodology. The fuzzy set theory is employed for the RA analysis because it deals well with the complex multi-criteria problem of, and precisely accounts for the fuzziness inherent in human cognitive process that characterize, RA decision-making. Five risk factors are evaluated on each RA principle, analysed and assigned between the public and private sectors. The results show that it is appropriate to allocate risks according to both sectors' RM capability to manage them, using established RA principles and fuzzy set theory. The methodology renders the decision-making process more systematic and practical because the fuzzy theory approach allows decision makers to express their evaluations of both sectors' RM capabilities in descriptive qualitative terms. The results should assist public clients to establish efficient RA strategies and develop balanced RA schemes for PPP contracts, with a view to achieving a mutually acceptable RA with the private sector.

show abstract

Section: Discussion Of Resultsmentioning

confidence: 82%

Section: Methodsmentioning

confidence: 99%

Risk allocation in public-private partnership water supply projects in Ghana

Ameyaw

Chan

2015

Construction Management and Economics

View full text Add to dashboard Cite

show abstract

“…Generally, a rea- (Cao 2006). Government guarantees can reduce risk but are not free of cost (Wibowo et al 2012;Wibowo 2004). Excessive guarantees will lead to high performance costs for the government and prevent the concession agreement to be fulfilled smoothly.…”

Section: (Gg5) -Loan Guarantee -Quanzhou Municipal Bureau Of Public Fmentioning

confidence: 99%

Determining Appropriate Government Guarantees for Concession Contract: Lessons Learned From 10 PPP Projects in China

Yeung

Jiang

2014

International Journal of Strategic Property Management

View full text Add to dashboard Cite

ABSTRACT. Governments worldwide are keen to encourage PPP schemes, however PPP is not a foolproof business. Many local governments and private investors have suffered severe or trying experiences. In this research, 10 case studies were conducted to identify the obstacles and difficulties for successful implementation of PPP projects from the perspective of government guarantees. These PPP projects include two water supply plants, two sewage treatment plants, two power supply plants, two highway projects, and two bridge projects. The findings obtained indicate that the local governments are familiar with "the type of guarantees" to provide to the private investor but they are unsure of the "amount" that should be given. Many PPP projects have therefore been heavily criticized for over benefiting the private investors as the government provides them with too many guarantees. The inappropriate guarantees offered by the government are regarded as one of the root causes of PPP projects' failure. The lessons learned are valuable for determining appropriate government guarantees for future PPP projects and broadening the opportunities for infrastructure development with PPP procurement model.

show abstract

“…Selain risiko volume lalulintas, masih banyak risiko spesifik lainnya yang perlu dipertimbangkan (e.g., pembebasan lahan, konstruksi, tarif, tingkat inflasi, tingkat suku bunga, biaya operasi dan pemeliharaan). Meski demikian tulisan ini hanya akan fokus pada risiko volume lalulintas saja supaya substansi tidak terdistraksi dengan kompleksitas pemodelan risiko (pembaca dapat membaca, misal, Wibowo dan Kochendoerfer, 2005 dan Wibowo et al, 2012).…”

Section: Aplikasi Pada Studi Kasusunclassified

Untitled

Wibowo¹

2017

jts.

View full text Add to dashboard Cite

show abstract

Modeling Contingent Liabilities Arising from Government Guarantees in Indonesian BOT/PPP Toll Roads

Cited by 67 publications

References 20 publications

Risk allocation in public-private partnership water supply projects in Ghana

Risk allocation in public-private partnership water supply projects in Ghana

Determining Appropriate Government Guarantees for Concession Contract: Lessons Learned From 10 PPP Projects in China

Untitled

Contact Info

Product

Resources

About