Reasons for implementing public private partnership projects

Esther Cheung · Albert P.C. Chan · Stephen L. Kajewski

90 citations0/0 files storedJournal of Property Investment and Finance

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Public-Private Partnership Projects Public Policy and Administration Research Fiscal Policy and Economic Growth

Abstract

Purpose This paper sets out to present the findings of a study to investigate the reasons for implementing Public Private Partnership (PPP) projects. Design/methodology/approach A questionnaire survey was conducted in Hong Kong (also commonly referred to as the Hong Kong Special Administrative Region), Australia and the United Kingdom. The survey respondents were asked to rate the importance of nine identified reasons for implementing PPP projects. Findings The findings of the top three ranks for each respondent group were investigated. Ranked top by the survey respondents in Hong Kong was “Private incentive”. Ranked second by all three groups of survey respondents was “Economic development pressure demanding more facilities”. Third in Hong Kong and first in Australia was “High quality of service required”. The reason “Inefficiency because of public monopoly and lack of competition” was ranked third by the Australian respondents. And finally ranked first and third by the British respondents was “Shortage of government funding” and “Avoid public investment restriction”. The rankings showed that in general those rated highly in the United Kingdom focused on financial elements whereas those rated highly in Hong Kong and Australia were more related to the overall performance of improving public projects. Originality/value These findings were believed to provide an idea of the possible reasons for implementing PPP projects, and as a result illustrate a clearer understanding of the process.

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References

2004Public Private Partnerships: The Worldwide Revolution In Infrastructure Provision And Project Finance 2004Public Private Partnerships 2005Financing Public Infrastructure: Darrin Grimsey and Mervyn K Lewis, Public Private Partnerships: The Worldwide Revolution in Infrastructure Provision and Private Finance, Edward Elgar, Cheltenham, 2004 1996An evaluation of construction time performance in the building industry

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