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Critical success factors for public-private partnerships in infrastructure development.pdf

Critical success factors for public-private partnerships in infrastructure development.pdf

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Critical success factors for public-private partnerships in infrastructure development

Critical Success Factors for Public–Private Partnerships in Infrastructure Development Xueqing Zhang, M.ASCE 1 Abstract: Different types of public–private partnerships (PPPs) have been practiced in worldwide infrastructure development with diverse results and a variety of problems have been encountered. A number of factors combine to determine the success or failure of an infrastructure project in terms of its objectives. There is an urgent need for a workable and efficient procurement protocol for improved practices in future PPP projects. As an important step toward the development of such a protocol, this study identifies, analyzes, and categorizes various critical success factors (CSFs) for PPPs in general based on a public–private win–win principle and a systematic research approach that includes case studies, literature review, and interviews/correspondence with international experts. A CSF package is developed that contains five main CSFs, each including a number of success subfactors (SSFs). Relative significances of these CSFs and SSFs are examined based on the results of a questionnaire survey of international expert opinions. Agreement analysis shows that there is a good agreement in the ranking of these CSFs and SSFs between respondents from the industrial sector and those from the academic sector. DOI: 10.1061/(ASCE)0733-9364(2005)131:1(3) CE Database subject headings: Infrastructure; Privatization; Financial management; Partnerships; Construction industry.Introduction Different types of public–private partnerships (PPPs) have been practiced in infrastructure development in both developed and developing countries with diverse results. On the one hand, many projects in a broad range of sectors have been successfully devel- oped through PPPs with significantly increased value to the out- puts. These include roads, bridges, ports, airports, and railways; power, water supply, and waste disposal systems; telecommuni- cation networks and other services of inf

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