Abstract
With the increasing use of Public–Private Partnership (PPP) mode in road construction, the discrepancy between residual value and agreement of PPP projects in the transition phase has become a prominent problem. Though the risk management of road PPP projects has been lucubrated, systematic research of residual value of them are still in a state of blank. Research described in this paper aims to identify the residual value risk (RVR) factors of road PPP projects and find out the key factors of them. RVR factors of road PPP projects were first identified through the method of literature collection. In this research, 29 RVR factors were identified which were divided into 4 packages. The importance degree of each factor was then presented via descriptive analysis and confirmatory factor analysis based on the data of a questionnaire survey which explored PPP experts’ perceptions of 29 factors. The order of the importance degree of each factor indicates that the incidence of residual risks within road PPP projects is strongly influenced by organizational risk, design risk, construction costs, quality of projects, operating costs, quality of service, maintenance costs, market demand and toll pricing. These 29 factors can be used to recognize the risk source and reduce the incidence of residual risks of road PPP projects.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
