Abstract
The strategic goal of city management is to ensure its sustainable development which requires a balance of rare resources. From the operational perspective, namely projects implementing sustainable development, the balance refers to human resources. They can be classified into the public or private sector and their cooperation is known as Public–Private Partnership (PPP). Building on the concept of sustainable development and stakeholder theory, the research develops a conceptual framework of stakeholder analysis in PPP projects. More generally, the research aims to contribute to a theoretical understanding of the determinants of sustainable city development and PPP success factors. The research claims that the PPP procurement is consistent with sustainable urban development and the PPP model, accompanied by the stakeholder theory, requires evaluation which balances diverse stakeholders’ interests along the triple bottom of sustainable development. The conceptual framework combines stakeholder attributes of preferred benefits and power and urgency. It includes a time and scope perspective. The research has a descriptive but also a normative character as the framework could be helpful to understand and engage stakeholders in sustainable urban development. The developed framework can be considered for the future construction of a model that can be implemented and tested. This theoretical research is based on a literature survey, applying methods of critical analysis and construction. The innovative approach of the research is based on integrated application of already known concepts of sustainable development, stakeholder theory, and Public–Private Partnership, which are all necessary to create a new approach to management of city development consistent with the known facts.
Highlights
The concentration of population, economic activity, social, technical, administrative and political issues relate to cities and the future of humankind is linked with cities
This article was based on sustainable development concept and stakeholder theory, which indicate that there is more than one approach to understand and implement sustainability, and there is more than one approach related to project stakeholders analysis
These issues are important in the context of Private Partnership (PPP) projects, implementing sustainable development principles and contributing to sustainable development
Summary
The concentration of population, economic activity, social, technical, administrative and political issues relate to cities and the future of humankind is linked with cities. The cities have to be managed for their inhabitants to ensure their sustainable development in the condition of rare resources. Sustainable development is demonstrated by qualitative changes in the structure of the economy, availability of goods and services for citizens, leading to a better standard of living and an increase in national income. It requires simultaneous consideration of the three pillars (triple bottom) [1] namely the economy, society, and the environment, regardless of the specific objectives of each city or country. RQ1: How does the sustainable development shape the procurement of infrastructure projects?. Aim: Conceptual framework of stakeholder analysis in PPP projects
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