Abstract
Contemporary urbanization appears as a conundrum especially in developing nations. This study will act as an accelerator to spill out snags caused by urbanization with a new approach in the development of sustainable infrastructure through Public–Private Partnerships (3Ps). This study first explains the complications generated by rapid urbanization in different infrastructural sectors in South Asian mega cities like Dhaka and Lahore. Second, the findings of the study elaborate on a new mechanism to adapt to Sustainable Development Goal 11 declared by the United Nations with the engagement of different stake holders working in different silos through 3Ps (like BOT, BOOT, BLT, DBF, PFI etc.). This study uses case studies as part of the research mixed methodology. Studies on Dhaka and Lahore including multi projects through 3Ps, and a detailed questionnaire survey based on critical risk factors from the Meta review of 3P literature are presented to establish the current status of sustainable development goals. This paper primarily contributes in two ways. First, by providing a new direction to policy makers to devise policies using a twofold approach i.e., grasp urbanization with sustainable infrastructure delivery by sustainable enactment of 3P projects. Second, bridge the knowledge gap by identifying the risk factors in the sustainable establishment of 3P projects in developing nations.
Highlights
Today, our world is going through massive urbanization [1], and sustainable urbanization is considered as a mechanism to protect the interest of all stakeholders during this urbanization process
The accomplishment of sustainable development goals (SDGs) is closely associated to governance, and 3P is a distinctive practice of govTehrenaacnccoem
PFsu. rPthoelirt,ictahlisinstsutadbyilaitlysoispoaincotendceoruntinsgomrieskoffathcteomr oajforthreisekxfiasctitnogrs3tPhsa.t Tahree inpvooliltviceadl instability promotes distrust among the actors of 3Ps which causes a failure of the project
Summary
Our world is going through massive urbanization [1], and sustainable urbanization is considered as a mechanism to protect the interest of all stakeholders during this urbanization process. According to a report of the United Nations [2], 54% of the world’s population lives in urban areas, with an expected increase to 66% in 2050 This increasing population is not concentrated among the different parts of the world as the same report states that a larger portion of urban people will be increased in the cities and towns of less developed countries. In this regard, the estimated population growth in Asia is 1.4 billion, 0.9 billion in Africa, and is 0.2 billion in Latin America and the Caribbean by 2050 [3]. A 3P detailed scenario in infrastructure projects; and our conclusions and recommendations, followed by the limitations of this study
Sign-in/Register to view highlights & summary 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.
