PPP Projects Research Articles

Research on Investment Efficiency of "The Belt and Road" National Infrastructure PPP Projects

Research on Investment Efficiency of "The Belt and Road" National Infrastructure PPP Projects

Multi-agent cooperative evolution simulation analysis of PPP project operation supervision in mine wasteland management

Multi-agent cooperative evolution simulation analysis of PPP project operation supervision in mine wasteland management

Unveiling the effects of influencing factors on PPP project capital structure in China using machine learning

Unveiling the effects of influencing factors on PPP project capital structure in China using machine learning

Research on investment and financing risk problems and countermeasures of PPP construction projects

This study analyzes financing costs, capital liquidity, policy changes and contract execution risks in PPP project investment and financing, and puts forward strategies such as optimizing financing platforms, reducing costs, strengthening regulations, regulatory coordination and improving prevention capabilities. By exploring the causes and effects of risks, combined with domestic and foreign cases to verify the effectiveness of the strategy. This study enriches the theory of PPP risk management, provides guidance for the practical operation of the project, and promotes the healthy development of the PPP project.

Critical competencies for integration of digital technologies in managing PPP projects

This study addresses the application of various digital technologies (DTs) in PPP construction projects by identifying relevant DTs for this type of projects and analyzing the required skill sets for the effective adoption of these technologies. The study identifies 18 competencies from existing literature and uses purposive sampling technique, selecting a sample of 200 professionals. The identified competencies were subjected to validation by the professionals through questionnaires and analyzed using descriptive statistics to ascertain perceived relative importance. Further hypothetical tests were conducted to assess the differences in perception of these skills relative to the professions and company size of the respondents. The identification of the critical competencies for digital technology application in Nigerian PPP projects highlighted the critical role of both technical and managerial competencies, with a notable emphasis on continuous learning, proficiency in BIM software, and essential managerial competencies. Furthermore, the study found consistent skill appraisal across professional groups and no significant relationship between company size and the perceived importance of these competencies, underscoring the universality of requirements for effective adoption of DTs in PPP Projects. The findings underscore the critical importance of a balanced blend of technical expertise and managerial competencies, along with consistent skill appraisal across professional groups.

Investors’ rational conformity to government’s excessive behavior in PPP project: Forms and measurement

In PPP projects, there is a tendency for investors to follow the government’s excessive behavior, which is not conducive to controlling the behavior risks of the project. Due to the differences in conformity purposes, it is important to determine the form and tendency of investor conformity to understand the reasons for conformity and propose control suggestions. Referring to the research of Song et al., the study constructs an initial scale that investor’s rational conformity to the government’s excessive behavior. 269 and 244 data are used for the pre-test and validation of the scale, respectively. After adjusting the scale and analyzing reliability and validity by using SPSS and AMOS, the forms of investor conformity are divided into abidance, compliance, and obedience. Meanwhile, the measurement scales of three conformity tendencies are determined. These findings are conducive to quantitatively evaluating the risk level of investors’ conformity and deepening managers’ understanding of rational investor conformity, which is beneficial for reducing the risk of investor conformity and thus reducing the risk of the government’s excessive behavior.

Study on Basic Requirements and Critical Success Factors (CSF) of Implementing Availability Payment in Public-Private Partnership (AP PPP) in Regency/Municipal Government

Referring to PPP Books 2017-2023 issued by The Ministry of National Development Planning of Indonesia, there is only 1 out of 16 AP PPP projects at the municipal/regency level that have successfully reached the operational stage (6% success rate), i.e. Madiun Regency Public Street Lighting. Several municipal/regency AP PPP projects have failed, for example, Bandung Municipal Public Street Lighting. The widespread failures indicate that the application of AP in regional infrastructure has so far not been successful in Indonesia. This paper aims to identify the basic requirements, critical success factors, and lessons learned from AP PPP implementation in Municipal/Regency Governments. Thus, it is hoped that the future provision of regional infrastructure with the AP scheme can proceed seamlessly. This study used a mixed-method approach that combines qualitative and quantitative data from literature reviews, questionnaires, and interviews. The results showed that the basic requirements for AP PPP include the existence of regulations and institutions. The five main success factors of AP PPP in the Municipal/Regency Government are (1) a well-organized and committed public agency; (2) political support; (3) favorable and efficient legal framework; (4) stable political and economic situation; and (5) public and private sector commitments and responsibilities. The lesson learned from the case study is that fiscal capacity is not the main factor in the success of PPP in Madiun Regency, but rather the willingness of the local government to implement PPP by regularly holding capacity building and maintaining good relationships and communication with each stakeholder involved.

Cost-benefit Analysis of PPP Construction Projects

This paper discusses the cost and benefit of the cross-river Bridge PPP construction project in Y City, and analyzes the application of PPP model in China and its economic benefits. Research shows that PPP model not only effectively alleviates traffic pressure and promotes regional economic development, but also significantly reduces project construction and transportation costs and improves the quality of public services through social capital investment and operation. As a typical case, the cross-River Bridge project accounts for 95% of social capital, and its successful implementation validates the significant advantages of the PPP model in improving economic and social benefits. In the national economic evaluation, the project made fine adjustments to the investment cost, including the application of shadow price and the adjustment of the conversion factor of labor wages, to ensure the accuracy of the evaluation results. In addition, the technical and economic data of various types of motor vehicles are listed in detail, especially the adjustment of the cost of motor transportation related to time, which provides an important cost reference for the transportation industry. Through the comprehensive analysis of the theoretical basis, practical application and economic cost and benefit of PPP model, this paper not only enriches the cost and benefit analysis theory of PPP projects, but also provides valuable practical experience and theoretical support for similar projects. Looking ahead, suggestions such as improving the governance system and strengthening risk management and control will promote the widespread application of the PPP model in China and inject new vitality into economic and social development.

Navigating Complexity and Novelty: a Stakeholder Governance Framework for PPP Projects

Navigating Complexity and Novelty: a Stakeholder Governance Framework for PPP Projects

Stakeholder Dynamics: Rethinking Roles and Responsibilities in User-Pay Transport PPP Projects

Stakeholder Dynamics: Rethinking Roles and Responsibilities in User-Pay Transport PPP Projects

Linking physiology and demographics, non-ocular pathology and pharmaceutical drug use to standard OCT measures of the inner retina: The PPP project.

To assess the associations between physiology and demographics, non-ocular pathology and pharmaceutical drug use against peri-papillary retinal nerve fibre layer thickness (pRNFL T) and other optical coherence tomography (OCT) inner retinal measures in normal, healthy eyes. A retrospective, cross-sectional study of 705 consecutive participants with bilateral normal, healthy optic nerves and maculae. PRNFL Ts, vertical cup/disc ratio (CDR), cup volume and macular ganglion cell layer-inner plexiform layer (GCL-IPL) Ts were extracted from Cirrus OCT scans, then regressed against predictor variables of participants' physiology and demographics (eye laterality, refraction, intraocular pressure [IOP], age, sex, race/ethnicity, etc.) and non-ocular pathology and pharmaceutical drug use according to the World Health Organisation classifications. Associations were assessed for statistical significance (p < 0.05) and clinical significance (|β| > 95% limits of agreement for repeated measures). A multitude of non-ocular pathology and pharmaceutical drug use were statistically and clinically significantly associated with deviations in standard OCT inner retinal measures, exceeding the magnitude of other factors such as age, IOP and race/ethnicity. Thinner inner retina and larger optic nerve cup measures were linked to use of systemic corticosteroids, sex hormones/modulators, presence of vasomotor/allergic rhinitis and other diseases and drugs (up to -29.3 [-49.88, -8.72] μm pRNFL T, 0.31 [0.07, 0.54] vertical CDR, 0.29 [0.03, 0.54] mm3 cup volume and -10.18 [-16.62, -3.74] μm macular GCL-IPL T; all p < 0.05). Thicker inner retina and smaller optic nerve cup measures were diffusely associated with use of antineoplastic agents, presence of liver or urinary diseases and other diseases and drugs (up to 67.12 [64.92, 69.31] μm pRNFL T, -0.31 [-0.53, -0.09] vertical CDR, -0.06 [-0.11, 0] mm3 cup volume and 28.84 [14.51, 43.17] μm macular GCL-IPL T; all p < 0.05). There are a multitude of systemic diseases and drugs associated with altered OCT inner retinal measures, with magnitudes far exceeding those of other factors such as age, IOP and race/ethnicity. These systemic factors should at least be considered during OCT assessments to ensure precise interpretation of normal versus pathological inner retinal health.

Land Acquisition for Infrastructure Development with the Mechanism of Government Cooperation with Business Entities (KPBU): Case Study of Lhok Guci KPBU Project

This research discusses land acquisition for infrastructure development through the mechanism of Government Cooperation with Business Entities (PPP) with a case study of the Lhok Guci PPP project. Land acquisition is a crucial stage in PPP that often faces various legal, social, and economic challenges. This research uses a normative juridical method to analyze relevant regulations and a conceptual approach to understand key concepts. The stages of land acquisition studied include planning, location determination, implementation, compensation, release of rights, granting land rights, and supervision. The Lhok Guci case study shows the importance of transparency and coordination between relevant parties for the success of PPP projects. The results of the study are expected to improve the efficiency of the land acquisition process in future infrastructure projects.

Public-Private Partnerships in Zimbabwe’s Education Sector

This article interrogates the forms, roles, challenges and strategies for enhancing the sustainability of PPPs in the education sector in Zimbabwe. Through desktop-qualitative research grounded on secondary and thematic analyses, this study revealed that, globally, the use of the PPPs in the provision of education is on the increase and they exist in the form of service contracts, lease, design build operate and transfer, management contract and concessions. In terms of roles, PPPs provide resources and technical expertise, technology in schools, renovate infrastructure and assist in increased teacher and pupil turnout. Observed challenges to the sustainability of PPPs in the education sector include embracing non- competitive bidding frameworks, lack of community engagement in PPP projects, limited financial capacity to compensate private players in the event of losses, and poor cost management. To enhance sustainability of PPPs in the education sector, the study proposed inter alia, ensuring a competitive, transparent, multi-stage process in private partner selection; stakeholder engagement in PPP projects; proper cost management throughout PPP project lifespan; and establishment of institutional and regulatory frameworks.

Game analysis on PPP model operation of abandoned mines ecological restoration under the innovation of central government's reward and punishment system in China.

There is a huge funding gap in the abandoned mines ecological restoration in China. It is of great research value to explore how PPP model can better introduce social capital into the low-profit ecological restoration of abandoned mines. Based on the innovation perspective of the central government's reward and punishment system, this paper constructs an evolutionary game model of "local government-social capital", analyzes the interaction and behavior mechanism of core stakeholders in the operation process of abandoned mines ecological restoration PPP mode, and discusses the influence of evolutionary equilibrium strategy and parameters change on evolutionary strategy under different scenarios by Matlab simulation. The research shows that the abandoned mines ecological restoration needs the support of the central government. When the local government lightly punishes the low-quality service of social capital, the central government needs to pay higher costs to promote all parties to actively participate in the operation and supervision of the PPP project. The revenue and cost of government supervision, the operating subsidy for social capital and the cost saved by social capital in providing bad service are the key factors affecting the evolution of the game between government and social capital. Punishment can effectively spur social capital to keep the contract and operate in the project, but the punishment effect will be ineffective without government supervision. Finally, some suggestions are put forward, such as establishing a long-term supervision mechanism and a reasonable income mechanism for PPP projects, increasing penalties for violations, attracting third parties to reduce supervision costs and strengthening communication between the two parties, so as to make the project take into account the economic performance of social capital and the social welfare of government departments, and achieve dual Pareto improvement.

Research on Stakeholder Behavior Strategy in Green PPP Project Financing

In the context of green development, while promoting green industry and sustainable development, green PPP faces the challenge of financing difficulties. Based on the evolutionary game theory of bounded rationality and taking government, social capital and financial institutions as the game players, this paper constructs an evolutionary game model for the behavioral decision-making of stakeholders in green PPP project financing. Using MATLAB software, we simulate and analyze the key factors affecting the behavioral strategies of each game player. The results indicate that: (1) The additional income obtained from participation in green PPP projects is a key factor affecting the decision-making of social capital and financial institutions, so it is necessary to improve the reasonable return mechanism of green PPP projects and attach importance to the construction of reputation mechanism; (2) Government subsidies can effectively encourage social capital and financial institutions to participate in green PPP projects, but the amount of subsidies should be within a reasonable range; (3) The government's reward and punishment intensity is a significant factor affecting the decision-making of social capital behavior. To this end, it is imperative for the government to enhance the performance evaluation system for green PPP projects and establish a balanced reward and punishment mechanism. This paper puts forward some suggestions on the decision-making of stakeholders in the financing process of green PPP projects, and provides references for the policy formulation of encouraging social capital and financial institutions to participate in green PPP projects.

Institutional quality, economic development, and the sustainable outcomes of PPP projects: An empirical analysis of failed PPP projects in China from 2014 to 2020

The trajectory of China's PPP market since 2014, characterized by rapid expansion and a high failure rate, now plunges into a state of limbo and uncertainty. Through a quantitative analysis of failed PPP projects in China from 2014 to 2020, this study investigates the impact of local government institutional quality, private capital business environment, local economic development, and local fiscal affordability on the development and implementation of PPP projects. The findings reveal that larger government size is associated with a higher likelihood of PPP project failure, while a favorable private capital business environment can mitigate the failure rate of local PPP projects. Furthermore, empirical results demonstrate a positive relationship between local fiscal affordability and the success rate of PPP projects. The analysis underscores the significant influence of the institutional environment on the effectiveness of PPP projects and provides policy recommendations for local governments to enhance the business environment and other key factors contributing to the resilience of PPP projects.

Developing a conceptual partner selection framework for matching public–private partnerships of rural energy internet project using an integrated fuzzy AHP approach for rural revitalization in China

The development of rural clean energy is the key to cope with the shortage of traditional energy supply in the rural revitalization strategy and improve the sustainability of rural energy supply. Under the background of digital age, the development and utilization of rural clean energy Internet has become the focus of rural economic development. The government partners of the Rural clean Energy Internet PPP project (RCEIPPPP) are the key to promoting the green and intelligent development of rural energy. In this paper, the index system of project partner selection is constructed, and the problem of government partner selection for RCEIPPPP is studied by AHP and fuzzy comprehensive evaluation. The results of this study are as follows: 1) Partners' financial ability, technical ability, management ability, performance experience, corporate reputation, cooperation ability and risk management are the influencing factors for government partner selection of rural clean energy Internet PPP projects (RCEIPPPPs); 2) Compared with other factors, financial ability, technical ability, management ability and performance experience are the four key factors that are more important in choosing partners; 3) The empirical research shows that AHP, fuzzy comprehensive evaluation and the index system constructed by this research can be applied to the practice of government partner selection for RCEIPPPPs. This study puts forward the evaluation system of government cooperation selection of energy Internet PPP projects from the theoretical level, improves the existing research methods, and makes the theoretical system in this field more complete. From the practical level, it provides scientific basis and suggestions for the government to make decisions on energy Internet PPP projects, and improves the engineering efficiency and quality of rural clean energy Internet construction. This study demonstrates the complexity of clean energy projects, the need for an integrated approach to decision-making, and the need for project managers to actively manage communication and collaboration with partners to ensure successful project implementation.

LONG-TERM LENDING FOR PUBLIC-PRIVATE PARTNERSHIP PROJECTS: OPPORTUNITIES AND PROSPECTS

The article is devoted to the topical issues of long-term lending to public-private partnership projects in the context of a permanent shortage of budget funds and the financial instability of business entities. The purpose of the study is to highlight the problems of attracting long-term credit resources by partners in the process of implementing joint projects and to outline areas for their solution. To achieve this goal, general scientific research methods and analytical data from the State Statistics Service of Ukraine and the National Bank of Ukraine were used.The article reveals the main problems in the development of the debt financial instruments market, which make partnership projects between the state and business unattractive for investors. It is argued that the possibility of providing long-term loans depends not only on the actions of the bank, but also on the monetary policy of the NBU, which should ensure the introduction of preferential reserve requirements for banks, the provision of irrevocable deposits, the NBU's approval to refinance banks for the implementation of PPP projects, and the introduction of preferential lending by banks to PPP projects. The authors emphasize the priority importance of the state policy on the development of programs for the availability of long-term loans in the process of implementing partnership projects. Given the underdevelopment of financial instruments for public-private partnerships, the author substantiates the need to use innovative instruments – credit derivatives, the effectiveness of which is confirmed by international experience. The article offers a list of the most effective financial instruments that should be used at each stage of the project life cycle.It is concluded that the recommendations provided will ensure that the partners attract the necessary amount of financial resources in the process of long-term project implementation and will allow them to obtain a synergistic effect from such cooperation.

Research on Performance Evaluation of Sponge City PPP Projects in the Yangtze River Delta Region

In order to alleviate urban water ecological problems and promote sustainable urban development, many cities in my country are building sponge cities. At present, the country is vigorously promoting the application of the PPP model for project construction. The national government departments are actively preparing for the construction of sponge cities, promoting the construction of sponge cities in 30 pilot cities across the country, and encouraging sponge city construction projects using the PPP model, attracting a large amount of social capital to participate, and promoting The PPP model has been widely used in sponge city construction projects. This article takes the sponge city PPP project as the research object. In order to scientifically and rationally evaluate the construction performance of the sponge city PPP project, and on the basis of studying and summarizing the characteristics of the sponge city PPP project model and the development status of the performance evaluation system in my country, we conduct an analysis of the content of the performance evaluation. and research; establish and select a performance evaluation index system; conduct a comparative analysis of this model with other commonly used models, and build a PSIR-based PPP project performance evaluation model based on the design flaws of the existing performance evaluation system; and analyze and summarize the data. , clarifying its specific application and impact in practice; finally, a summary and outlook of the entire research are given.

Ensuring the spatial integration of Ukraine based on updated instruments of cooperation of regions and communities

The article aims to delve into the potential of Ukraine's spatial integration, focusing on activating regional and community cooperation tools. the study employed a robust set of scientific methods, including induction and deduction, comparison, systematization and generalization, and the graphic method, underscoring the thoroughness and reliability of the research. The article critically examines the current state and pressing issues surrounding enhancing public-private partnerships and inter-municipal cooperation. This analysis is particularly relevant in the context of Ukraine's need to form an integrated economic space amidst the challenges of war and post-war recovery, highlighting the urgency and importance of the topic. It was established that the main problems that inhibit the development of public-private partnerships in Ukraine are the considerable duration of the procedure for preparing PPP projects, instability of the state's tax and investment policy, limited financial resources of stakeholders, lack of specialists for the development of public-private partnership projects, its full-fledged technical and economic justification, preparation of tender documentation, etc. Considering the above, ways of increasing the effectiveness of public-private partnerships as a tool for forming an integrated and competitive economic space of Ukraine in the conditions of post-war reconstruction are proposed. The main problems that slow down the development of inter-municipal cooperation as a tool for the formation of an integrated economic space are named (lack of a consistent and clear regional policy of stimulating the development of inter-municipal cooperation of territorial communities; low effectiveness of the implementation of existing agreements on inter-municipal cooperation due to a lack of financial resources, the transfer of forces and funds to the wartime economy; limited possibilities of attracting credit instruments by MMC participants; lack of statistical information on the effectiveness and efficiency of the implementation of existing agreements on inter-municipal cooperation). Considering the above, directions for increasing the effectiveness of inter-municipal cooperation as a tool for forming an integrated economic space of Ukraine in the conditions of post-war reconstruction are named. The importance and necessity of simplifying the procedure of inter-municipal cooperation, clarifying roles and responsibilities, and removing legal barriers to inter-municipal cooperation were emphasized. Keywords: spatial integration, community cooperation, public-private partnership, inter-municipal cooperation, post-war reconstruction, regional economy.