The driving factors of china's public‐private partnership projects in Metropolitian transportation systems: Public sector's viewpoint

Abstract In recent years, China needs far more financing for transportation infrastructure than can be provided by the government alone. Meanwhile the capacity of the Chinese government to provide public services on its own in an effective and efficient way is being questioned and reassessed at various levels. Accordingly, the involvement of private investors in the development of Metropolitan Transportation Systems (MTS) has been promoted by the Chinese public sector by means of adopting the Public Private Partnership (PPP) model. However, China's dynamic and complex political, financial, legal and regulatory environment makes the private sector adjust to accommodate the existing regime by way of understanding the driving factors in PPP applications for improving the chances of project success. This paper presents two case studies in China's MTS. Based on a case study and comprehensive literature review, 15 driving factors associated with PPP projects from the perspective of the Chinese public sector hav...

[1]  Anthony Chen,et al.  Analysis of regulation and policy of private toll roads in a build-operate-transfer scheme under demand uncertainty , 2007 .

[2]  Mirioslaw J Skibniewski,et al.  BOT Viability Model for Large-Scale Infrastructure Projects , 2007 .

[3]  Ezekiel Chinyio,et al.  THE FINANCIAL STRUCTURE OF PRIVATE FINANCE INITIATIVE PROJECTS , 2004 .

[4]  Matthias Ehrlich,et al.  Modelling Country Reliability in Public Private Partnership Infrastructure Projects , 2008 .

[5]  A. Akintoye,et al.  Perceptions of positive and negative factors influencing the attractiveness of PPP/PFI procurement for construction projects in the UK: Findings from a questionnaire survey , 2005 .

[6]  Seppo Junnila,et al.  END-USER ORIENTED PUBLIC-PRIVATE PARTNERSHIPS IN REAL ESTATE INDUSTRY , 2008 .

[7]  R. Tiong,et al.  Risk management of Shanghai's privately financed Yan'an Donglu tunnels , 1998 .

[8]  Juha-Matti Junnonen,et al.  PROACTIVE CONTRACTING IN FINNISH PPP PROJECTS , 2009 .

[9]  ShouQing Wang,et al.  Evaluation and Management of Political Risks in China's BOT Projects , 2000 .

[10]  Wendell C. Lawther.  Public–Private Partnerships in Transportation Policy: The Case of Advanced Traveler Information Systems , 2005 .

[11]  H Dimitriou,et al.  Transportation Megaprojects, Globalization, and Place-Making in Hong Kong and South China , 2005 .

[12]  Weng Tat Chan,et al.  Interface Management for China’s Build – Operate – Transfer Projects , 2005 .

[13]  J. Budds.  PPP and the Poor in Water and Sanitation Interim findings An interim review of documents , 2000 .

[14]  R. Tiong,et al.  Critical Success Factors in Winning BOT Contracts , 1992 .

[15]  Qiming Li,et al.  Selection of performance objectives and key performance indicators in public–private partnership projects to achieve value for money , 2009 .

[16]  Mohan M. Kumaraswamy,et al.  Selecting sustainable teams for PPP projects , 2008 .

[17]  Prianka Nalin Seneviratne.  Road Sector Development in China and India: Trends and Implications , 2006 .

[18]  Argentino Pessoa.  Public–private partnerships in developing countries: are infrastructures responding to the new ODA strategy? , 2008 .

[19]  Edward G. Carmines,et al.  Measurement in the social sciences , 1980 .

[20]  Xianhai Meng,et al.  Guarantees for Contractor’s Performance and Owner’s Payment in China , 2002 .

[21]  Tin-sang. Li,et al.  Build-operate-transfer (BOT) projects for infrastructure development , 1996 .

[22]  Xueqing Zhang,et al.  Factor Analysis of Public Clients’ Best-Value Objective in Public–Privately Partnered Infrastructure Projects , 2006 .

[23]  J. Nunnally.  Psychometric Theory (2nd ed), New York: McGraw-Hill. , 1978 .

[24]  A. Akintoye,et al.  Achieving best value in private finance initiative project procurement , 2003 .

[25]  A. Akintoye,et al.  Critical success factors for PPP/PFI projects in the UK construction industry , 2005 .

[26]  Hemanta Doloi,et al.  BOT application in China: Driving and impeding factors , 2008 .

[27]  Michael A. Ellicott,et al.  Best-value contracting criteria , 1997 .

[28]  N. Lackey,et al.  Making Sense of Factor Analysis , 2003 .

[29]  Xueqing Zhang,et al.  Critical Success Factors for Public-Private Partnerships in Infrastructure Development , 2005 .

[30]  N. Lackey,et al.  Making Sense of Factor Analysis: The Use of Factor Analysis for Instrument Development in Health Care Research , 2003 .

[31]  Edverdas Bartkus,et al.  Dimensions of the Efficiency of Public - Private Partnership , 2008 .