BOT Viability Model for Large-Scale Infrastructure Projects

Salman, Ahmet Bedii; Skibniewski, Mirosław J.; Basha, Ismail M.

doi:10.1061/(asce)0733-9364(2007)133:1(50)

Cited by 84 publications

(53 citation statements)

References 11 publications

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“…57 respondents returned complete questionnaires. The effective return rate (16.01 per cent) was higher than that of earlier PPP survey researches which achieved a response rate of 12, and 9.4 per cent respectively; refer to Li et al (2005b) and Salman et al (2007). The response was therefore deemed adequate for the purposes of data analysis.…”

Section: Research Design and Administrationmentioning

confidence: 87%

The Driving Factors of China's Public-Private Partnership Projects in Metropolitian Transportation Systems: Public Sector's Viewpoint

Yuan

Skibniewski

et al. 2010

Journal of Civil Engineering and Management

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Abstract. In recent years, China needs far more financing for transportation infrastructure than can be provided by the government alone. Meanwhile the capacity of the Chinese government to provide public services on its own in an effective and efficient way is being questioned and reassessed at various levels. Accordingly, the involvement of private investors in the development of Metropolitan Transportation Systems (MTS) has been promoted by the Chinese public sector by means of adopting the Public Private Partnership (PPP) model. However, China's dynamic and complex political, financial, legal and regulatory environment makes the private sector adjust to accommodate the existing regime by way of understanding the driving factors in PPP applications for improving the chances of project success. This paper presents two case studies in China's MTS. Based on a case study and comprehensive literature review, 15 driving factors associated with PPP projects from the perspective of the Chinese public sector have been identified. A structured questionnaire survey targeting the public sector has been conducted to seek, analyze and integrate its perception of the driving factors. Through statistical analysis of the relative significance of each of these driving factors, the writers determined five common major dimensions of the Chinese public sector's purpose in developing PPP schemes, and the key factors that quantify each purpose. The establishment of the measures for these objectives and the key factors that quantify each of these purposes will likely be useful in encouraging private participation in infrastructure management and directing/concentrating efforts of the private sector to deliver quality public services under mutually beneficial long-term contractual arrangements.

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Section: Research Design and Administrationmentioning

confidence: 87%

The Driving Factors of China's Public-Private Partnership Projects in Metropolitian Transportation Systems: Public Sector's Viewpoint

Yuan

Skibniewski

et al. 2010

Journal of Civil Engineering and Management

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“…(3) the validity and feasibility factors (Salman et al, 2007). Tiong et al (1992) did early work on CSFs in winning BOT projects from the perspective of the private sector, by which six main CSFs and 20 subfactors are developed.…”

Section: The Performance Objectives For Ppp Projectsmentioning

confidence: 99%

“…The key to successful implementation of a PPP project is the feasibility of the project in relation to the economy, environment, society, politics, legislation and financing. This kind of feasibility and viability introduced by Salman et al (2007) can make sure that the best value can be achieved in those given conditions. The deficiencies of these researches are lack of the viewpoints of all stakeholders, although they provide helpful references from different perspectives.…”

Section: The Performance Objectives For Ppp Projectsmentioning

confidence: 99%

Selection of performance objectives and key performance indicators in public–private partnership projects to achieve value for money

Yuan

Zeng

Skibniewski

et al. 2009

Construction Management and Economics

278

236

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Public-private partnerships (PPPs) have been applied widely in the global construction market. During the life cycle of PPP projects, their performance could be affected by a number of factors and their interactions, which might cause the inefficiency and ineffectiveness of the projects. Previous researches on PPPs mainly concentrated on the procurement, success measurement and risk management of PPPs, but paid little attention to the process factors that can strongly influence the performance of PPPs. In order to improve process and performance management in PPPs, the performance objectives and key performance indicators (KPIs) are identified to improve the partnership outcomes. Based on the goal-setting theory, 15 performance objectives are selected. The relative significance and difference of performance objectives for different stakeholders are presented based on a structured questionnaire survey. The survey results show that all identified objectives are important. In spite of stakeholders' common opinions on the objectives of quality, costs, time and the services provided by PPPs, there are evident differences in the objectives of budget constraints of the public sector, risks, revenue and guarantees. According to the survey results, a conceptual KPIs framework is established. Furthermore, the KPIs are identified to assess PPP projects' performance. The performance objectives and the KPIs, which can be used to identify the strengths and weaknesses of PPP projects, are useful tools for effective project performance management in PPPs.

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“…In this case, refinancing has changed from an attractive opportunity to become a risk for RV. As concluded by Salman et al (2007), financial ability is critical to the viability for a PPP project. Decrease of profitability and the low possibility of being refinanced are very dangerous to a PPP project due to potentially small investments on tangible and intangible assets.…”

Section: / 51mentioning

confidence: 99%

Perception of Residual Value Risk in Public Private Partnership Projects: Critical Review

et al. 2015

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Abstracts: Given the increased demand for public facilities and the lack of funds and skills to maintain, repair, and replenish the existing facilities, Public Private Partnerships (PPPs) have been adopted widely and they have contributed significantly to the development of new built infrastructures throughout the world. However, as many PPP projects will be transferred back to the host governments upon expiry of the

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BOT Viability Model for Large-Scale Infrastructure Projects

Cited by 84 publications

References 11 publications

The Driving Factors of China's Public-Private Partnership Projects in Metropolitian Transportation Systems: Public Sector's Viewpoint

The Driving Factors of China's Public-Private Partnership Projects in Metropolitian Transportation Systems: Public Sector's Viewpoint

Selection of performance objectives and key performance indicators in public–private partnership projects to achieve value for money

Perception of Residual Value Risk in Public Private Partnership Projects: Critical Review

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