Public–Private Partnerships as a Mechanism of Financing Sustainable Development

Sergi, Bruno S.; Popkova, Elena G.; Borzenko, Ksenia V.; Przhedetskaya, Natalia V.

doi:10.1007/978-3-030-16522-2_13

Cited by 126 publications

(32 citation statements)

References 22 publications

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“…The need to study PPP policies has been confirmed by Petersen, Reeves, Greve and Hodge, and Klijn and Teisman [28][29][30][31]. For example, the impact of PPP practices on sustainable development is evidently a necessary area of PPP research [32][33][34]. Following the evolution of PPP in the 1980s, a different spectrum of PPP models has been implemented in China [35,36].…”

Section: Literature Reviewmentioning

confidence: 99%

Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures

2019

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Much attention has been paid world-wide to the advancement of policy with regard to public–private partnerships (PPPs). Though PPPs continue to play a major role in the development of China’s national economy, capital projects and infrastructure upgrade, little work has been done to understand the evolution of Chinese governmental policy with regard to PPPs. This paper addresses this lack and sets out the trajectory of Chinese PPP policy maturation over the period of 1986 to 2018. Policy documents were retrieved from official government websites, such as the Ministry of Finance and National Development and Reform Commission, with some 205 policy statements deemed relevant to PPPs. These were then classified by type and submitted to regression analysis. Five major instruments in support of PPPs were identified, including fiscal, financial, taxation, land and operations support. Moreover, four historical policy phases can be identified in the Chinese PPP market, including ‘try’, ‘explore’, ‘expand’ and ‘consolidate’. While governmental policy may now be considered sophisticated, deficiencies remain, including insufficient policy coordination between departments, lack of financial incentives and poor transparency and disclosure supervision. These observations will inform policy makers as they look to continue advancement of PPP policy measures, and help practitioners in assessing the pitfalls of operating in the Chinese PPP market.

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Section: Literature Reviewmentioning

confidence: 99%

Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures

2019

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“…Other studies delve deeper into construction sustainability benefits [64] or, for example, the evaluation of modern methods of construction based on wood (as aligned to SDG 12 on responsible consumption and production) [65]. Equally important areas that are not addressed in the thematics discussed above relate to green financing; some authors [66] have provided insights into public-private partnerships as a mechanism for financing sustainable development. This highlights the breadth of relevant thematics and keeps the focus of this paper on just the restricted areas considered most important to the executives interviewed.…”

Section: Outcome Discussion: What Are the Expected Outcomes Of Succesmentioning

confidence: 99%

Delivering UN Sustainable Development Goals’ Impact on Infrastructure Projects: An Empirical Study of Senior Executives in the UK Construction Sector

2020

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Achievement of the United Nations’ 2030 Sustainable Development Goals (SDG) is of paramount importance for both business and society. Across the construction sector, despite evidence that suggests 88% of those surveyed want to measure the SDG impact at both the business and project levels, there continues to be major challenge in achieving this objective. This paper shares the results of a qualitative research study of 40 interviews with executives from the United Kingdom (UK) construction industry. It was supported by a text-based content analysis to strengthen the findings. The results indicate that SDG measurement practices are embraced in principle but are problematic in practice and that rarely does action match rhetoric. While the research was completed in the UK, the findings have broader applicability to other countries since most construction firms have extensive global business footprints. Researchers can use the findings to extend the current understanding of measuring outcomes and impact at project level, and, for practitioners, the study provides insights into the contextual preconditions necessary to achieve the intended outcomes of adopting a mechanism for the measurement of SDGs. The international relevance of this research is inherently linked to the global nature of the SDGs and therefore the results could be used outside of UK.

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“…The authors in [57] suggest that by involving the stakeholders in public private partnerships (PPPs), the gap in expectations of stakeholders could be significantly reduced and thus any sort of resistance from stakeholders could be eradicated. A critical analysis was conducted in [58] for sustainable projects to determine the key factors responsible for the success of PPPs. Effective regulatory framework, delegation of operations to the private sector, enabling favorable conditions for a project by the public sector, mutual cooperation of both sectors in marketing, equal distribution of responsibilities, and resources are identified as key parameters for successful PPP-based projects [58].…”

Section: ) Public Private Partnershipsmentioning

confidence: 99%

“…A critical analysis was conducted in [58] for sustainable projects to determine the key factors responsible for the success of PPPs. Effective regulatory framework, delegation of operations to the private sector, enabling favorable conditions for a project by the public sector, mutual cooperation of both sectors in marketing, equal distribution of responsibilities, and resources are identified as key parameters for successful PPP-based projects [58].…”

Section: ) Public Private Partnershipsmentioning

confidence: 99%

Implementation of Smart Grid Technologies in Pakistan under CPEC Project: Technical and Policy Implications

et al. 2021

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Potential implementation of smart grid technologies has been given wide attention for modernization of electrical power systems. Existing power grid infrastructure of Pakistan is ill-suited to accommodate increased renewable energy sources and poses interoperability issues for seamless transition towards decentralization and digitalization of the power grid. Modernization of power grid through realization of smart grid technologies is much needed to meet the ever-increasing energy demand of the country. The China Pakistan Economic Corridor (CPEC) is a conglomerate of multibillion dollar infrastructural projects with a major focus on energy sector which offers a great opportunity for the country to invest appropriately in the power grid transformation. This research study is focused on devising a technical and policy framework for conversion of the existing power grid into smart grid under the umbrella of CPEC. Potential key drivers are identified for the deployment of smart technologies to upgrade the power grid of Pakistan. The presented research proposes a stage-wise implementation plan to upgrade the power infrastructure of the country. In particular, this research study presents cost benefit analysis for a case study with an aim to reduce the interruption index values. Obtained values of the cost benefit analysis suggest that the investment incurred for smart grid realization can be paid back within a period of twenty months and offers a positive net present value which establishes the financial feasibility of the project. Importantly, policies and recommendations are suggested which would enable the concerned stakeholders to ensure grid modernization as per the proposed smart grid implementation plan.

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Public–Private Partnerships as a Mechanism of Financing Sustainable Development

Cited by 126 publications

References 22 publications

Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures

Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures

Delivering UN Sustainable Development Goals’ Impact on Infrastructure Projects: An Empirical Study of Senior Executives in the UK Construction Sector

Implementation of Smart Grid Technologies in Pakistan under CPEC Project: Technical and Policy Implications

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