European Financial and Accounting Journal 2017, 12(2):5-16 | DOI: 10.18267/j.efaj.178

The Breadth of Success and Failure Factors with PPPs Implementation

Ncedo Cameron Xhala, Juraj Nemec, Kahilu Kajimo-Shakantu

The financing of public infrastructure investment through public-private partnerships faces daunting challenges related to the success of implementation of public infrastructure investment. There are multi-dimensional competing factors which inhibit the short and long-term implementation of PPPs, some of them may result to failure of implementation. The implementation of PPPs requires a set of success factors and its positive result is not automatic. This paper offers an overview of challlenges facing the implementation of PPPs and lists the most important success factors which increase the chance for successful implementation of PPPs. This paper further explores the range and ranking of the most important successful factors required for the realization of PPPs.

Keywords: Public Infrastructure, Investment
JEL classification: H89

Published: June 1, 2017  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Xhala, N.C., Nemec, J., & Kajimo-Shakantu, K. (2017). The Breadth of Success and Failure Factors with PPPs Implementation. European Financial and Accounting Journal12(2), 5-16. doi: 10.18267/j.efaj.178
Download citation

References

  1. Aseidu, D., 2004. Experts Meet to Discuss State of PPP in the Czech Republic. Available from: <http://www.radio.cz/en/section/curraffrs/experts-meet-todiscuss-state-of-ppp-in-the-czech-republic>. [18 May 2016].
  2. Aziz, A., Karthkeyan, D., Chatri, A.K., Shah, S. K., 2010. Public Private Partnerships in India. Lessons from Experiences. Athena Infonomics, Chennai.
  3. Ball, R., Heafey, M., King, D., 2000. Managing and concluding the PFI process for a new high school: Room for Improvement? Public Management Review 2, 159-170. DOI: 10.1080/146166700411210. Go to original source...
  4. Broadbent, J., Laughlin, R. 2003. Public private partnerships: an introduction. Accounting, Auditing & Accountability Journal 3, 332-341. DOI: 10.1108/09513570310482282. Go to original source...
  5. Della-Crose, R., Gatti, S., 2014. Financing Infrastructure. International Trends. OECD Journal of Financial Market Trends 1, 123-138. DOI: 10.1787/fmt-2014- 5jxvpb4jfrf1. Go to original source...
  6. Dewatripont, M., Legros, P., 2009. Public-private partnerships: contract design and risk transfer. In P. Maystadt: Innovative financing of infrastructure - the role of public-private partnerships: Infrastructure, economic growth and the economics of PPPs. European Investment Bank Papers 1, 120-147.
  7. Gupta, M. C., Narasimham, S. V., 1998. Discussion: CSFs in competitive tendering and negotiation model for BOT projects. Journal of Construction Engineering and Management 5, 430-451. DOI: 10.1061/(asce)0733-9364(1998) 124:5(430). Go to original source...
  8. Hall, P. A., 1998. Governing the economy: The politics of state intervention in Britain and France. Oxford University Press, New York.
  9. Hrncir, R., 2009. Delivering Infrastructure Through PPP: PPP Projects in the Czech Republic. The PPP Journal 66, 70-85.
  10. Jacobson, C., Choi, S. O., 2008. Success factors: Public works and public private partnerships (PPPs) in developing countries. The International Journal of Public Sector Management 6, 637-657. DOI: 10.1108/09513550810896514. Go to original source...
  11. Jamali, D., 2004. Success and failures mechanisms of public private partnerships (PPPs) in developing countries. The International Journal of Public Sector Management 5, 414-430. DOI: 10.1108/09513550410546598. Go to original source...
  12. Jefferies, M., Gameson, R., Rowlinson, S., 2002. Critical success factors of the BOOT procurement system: Reflections from the stadium Australia case study. Engineering Construction and Architectural Management 4, 352-361. DOI: 10.1046/j.1365-232x.2002.00249.x. Go to original source...
  13. Kamenickova, L., 2012. Czech Infrastructure and PPP Forum. Avaiable from: <http://www.bids.cz/en/archiv/konference/Czech_Infrastructure_&_PPP_Forum_2 012/180>. [4 June 2017].
  14. Kovalcik, J., 2010. Transport Ministry Ex-Management Faked Facts about PPPs. Slovak Center. Available from: <http://www.slovenskeecentrum.sk/en/news/read/16236/kovalcik-transport-ministry-ex-management-faked-facts-about-ppps>. [25 May 2016].
  15. Kovalcik, J., 2015. The Ministry of PPP Highway Reintroduced. Available from: <http://www.ineko.sk/clanky/ministerstvo-o-ppp-dialnici-opaet-zavadza>. [24 May 2016].
  16. Kubina, P., 2015. The Future of PPP and Infrastructure Projects in Slovakia. Available from: <http://ceelm.com/index.php/legal-analysis-infrastructure-ppp/121-ppp-infrastructure/3679-the-future-of-ppp-and-infrastructure-projects-inslovakia>. [28 June 2016].
  17. Ngowi, A. B., Pienaar, E., Akindele, O., Iwisi, D., 2006. Globalisation of the Construction Industry. A Review of Infrastructure Financing. Journal of Financial Management and Property Finance 1, 45-58. DOI: 10.1108/13664380680001079. Go to original source...
  18. Ondracka, D., 2007. Why Study PPP (Public Private Partnerships) Why Caution? PPP in the Czech Republic: Implementation and Risks. Transparency International Czech Republic, Prague.
  19. Roseneau, P., 1999. The strength and weakness of public private policy partnership. Behavioral Scientist 1,10-34. Go to original source...
  20. Soni, S., 2015. Failure of Public-Private Partnership in India. Economic Policy Forum, Beijing.
  21. Spackman, M., 2002. Public-private partnerships; Lessons from the British approach. Economic Systems 3, 283-301. DOI: 10.1016/s0939-3625(02)00048-1. Go to original source...
  22. Suhaiza, I., 2013. Critical success factors of public private partnership (PPP) implementation in Malaysia. Asia-Pacific Journal of Business Administration 1, 6-19. DOI: 10.1108/17574321311304503. Go to original source...
  23. Tiong, R. L. L., Alum, J., 1997. Evaluation of proposals for BOT projects. International Journal of Project Management 2, 67-72. DOI:10.1016/s0263- /7863(96)00003-8. Go to original source...
  24. Zhang, X., 2005. Critical success factors for public-private partnerships in infrastructure development. Journal of Construction Engineering and Management 1, 3-14. DOI: 10.1061/(asce)0733-9364(2005)131:1(3). Go to original source...

This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.