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Article: Factors influencing the success of PPP at feasibility stage: a tripartite comparison study in Hong Kong

TitleFactors influencing the success of PPP at feasibility stage: a tripartite comparison study in Hong Kong
Authors
KeywordsComparative study
Developing world
Development project
Feasibility study
Government
Issue Date2012
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/habitatint
Citation
Habitat International, 2012, v. 36 n. 4, p. 423-432 How to Cite?
AbstractPublic Private Partnerships (PPP) have been used extensively in both developing and developed countries in delivering various types of projects, ranging from road construction, railway transport systems to health care facilities and schools. Critical success factors of PPP schemes at the implementation stage were identified. It is however more important for decision-makers to identify the factors for feasibility evaluation of adopting the PPP at the outset. This study aims to explore the key successful ingredients to be assessed at the initial stage of PPP projects as perceived public sector, private consortium and general community so as to attain a ' triple win' scenario, via a questionnaire survey and a series of expert interviews conducted in Hong Kong. Survey results indicate that the most critical factor for evaluating the feasibility of PPP projects, especially to the general community, is an acceptable level of tariff. Cost effectiveness and financial attractiveness are the most important evaluation factors as ranked by the public sector and private consortium respectively. In addition, the existence of a long-term demand for the proposed services, availability of strong private consortium, alignment with government's strategic objectives, as well as reliable service delivery are also rated as highly important to the success of PPP schemes. Addressing the tripartite expectations is indispensable to ensure the feasibility and successful delivery of public services and infrastructure projects via PPP schemes. © 2012 Elsevier Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/159428
ISSN
2015 Impact Factor: 2.029
2015 SCImago Journal Rankings: 1.038
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorNg, STen_US
dc.contributor.authorWong, YMWen_US
dc.contributor.authorWong, JMWen_US
dc.date.accessioned2012-08-16T05:49:51Z-
dc.date.available2012-08-16T05:49:51Z-
dc.date.issued2012en_US
dc.identifier.citationHabitat International, 2012, v. 36 n. 4, p. 423-432en_US
dc.identifier.issn0197-3975-
dc.identifier.urihttp://hdl.handle.net/10722/159428-
dc.description.abstractPublic Private Partnerships (PPP) have been used extensively in both developing and developed countries in delivering various types of projects, ranging from road construction, railway transport systems to health care facilities and schools. Critical success factors of PPP schemes at the implementation stage were identified. It is however more important for decision-makers to identify the factors for feasibility evaluation of adopting the PPP at the outset. This study aims to explore the key successful ingredients to be assessed at the initial stage of PPP projects as perceived public sector, private consortium and general community so as to attain a ' triple win' scenario, via a questionnaire survey and a series of expert interviews conducted in Hong Kong. Survey results indicate that the most critical factor for evaluating the feasibility of PPP projects, especially to the general community, is an acceptable level of tariff. Cost effectiveness and financial attractiveness are the most important evaluation factors as ranked by the public sector and private consortium respectively. In addition, the existence of a long-term demand for the proposed services, availability of strong private consortium, alignment with government's strategic objectives, as well as reliable service delivery are also rated as highly important to the success of PPP schemes. Addressing the tripartite expectations is indispensable to ensure the feasibility and successful delivery of public services and infrastructure projects via PPP schemes. © 2012 Elsevier Ltd.-
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/habitatint-
dc.relation.ispartofHabitat Internationalen_US
dc.subjectComparative study-
dc.subjectDeveloping world-
dc.subjectDevelopment project-
dc.subjectFeasibility study-
dc.subjectGovernment-
dc.titleFactors influencing the success of PPP at feasibility stage: a tripartite comparison study in Hong Kongen_US
dc.typeArticleen_US
dc.identifier.emailNg, ST: tstng@hkucc.hku.hken_US
dc.identifier.emailWong, YMW: h0009282@hku.hken_US
dc.identifier.emailWong, JMW: jmwwong@hkucc.hku.hk-
dc.identifier.authorityNg, TST=rp00158en_US
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.habitatint.2012.02.002-
dc.identifier.scopuseid_2-s2.0-84862869495-
dc.identifier.hkuros204746en_US
dc.identifier.volume36en_US
dc.identifier.issue4en_US
dc.identifier.spage423en_US
dc.identifier.epage432en_US
dc.identifier.isiWOS:000306719600001-
dc.publisher.placeUnited Kingdom-
dc.identifier.citeulike10607543-

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