Case study of government initiatives for PRC's BOT power plant project

Wang, S.Q; Tiong, Lee Kong

doi:10.1016/s0263-7863(98)00072-6

Cited by 90 publications

(50 citation statements)

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“… Risks (e.g., Li et al, 2005a;Shen et al, 2006;Akintoye et al, 1998;Li and Tiong, 1999;Li et al, 1999;Schaufelberger and Wipadapisut, 2003;Yeo and Tiong, 2000;Zayed and Chang, 2002;Lam and Chow, 1999;Abednego and Ogunlana, 2006),  Relationships (e.g., Erridge and Greer, 2002;Ysa, 2007;Zhang and Kumaraswamy, 2001a;Zhang and Kumaraswamy, 2001b;Zhang et al, 2002;Zhang, 2004a;Zhang, 2004b;Abdual-Aziz, 2001;Chan et al, 2003;Consoli, 2006;Palaneeswaran and Kumaraswamy, 2000a;Palaneeswaran and Kumaraswamy, 2000b;Smyth and Edkins, 2007;Wang et al, 1998;Wang et al, 2000a;Wang et al, 2000b;Wang et al, 2000c;Wang and Tiong, 2000;Zhang et al, 1998;Ling, 2004;Zhang, 2005a;Zhang, 2005b;Zhang, 2005c;Ranasingre, 1999;Vazquez and Allen, 2004;Henisz, 2006;El-Gohary et al, 2006), and  Financing (e.g., Akintoye et al, 2003;Norwood and Mansfield, 1999;Huang and Chou, 2006;Saunders, 1998).…”

Section: Empirical Studies Of Ppp In Constructionmentioning

confidence: 99%

“…Since a fair deal is what project parties should achieve, researchers have studied the success factors of how to create win-win relations by comparing various kinds of BOT-typed infrastructure developments in the United States, the United Kingdom, and China (e.g., Wang et al, 2000;Wang et al, 2000a;Wang and Tiong, 2000;Wang et al, 2000b;Zhang et al, 1998;Zhang and Kumaraswamy, 2001b). Their studies were intended to identify the strengths of successful approaches and provide lessons from less successful or abortive projects.…”

Section: Research Into Relationshipsmentioning

confidence: 99%

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A review of studies on Public–Private Partnership projects in the construction industry

Tang¹,

Shen²,

Cheng³

2010

International Journal of Project Management

357

235

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Public Private Partnership (PPP) in construction is gaining in popularity. Although papers published in major journals have documented real cases of PPP projects, there appears to be a lack of systematically summarizing what they have already provided.Consequently, this paper reviewed PPP studies published in the six top journals in the This is the Pre-Published Version.2 construction field. The objectives are to compare and contrast the findings of the studies so as to provide insights for directing further PPP research and improving the existing practices of PPP projects. To achieve the review objectives, studies were first classified as either empirical or non-empirical. Empirical studies were further grouped under three themes: risks, relationships, and financing. Non-empirical studies were grouped under five themes: financing, project success factors, risks, and concession period. Suggestions for further research are risks, financing, contractual agreements, development of PPP models, concession periods, and strategies in choosing the right type of PPP.

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Section: Empirical Studies Of Ppp In Constructionmentioning

confidence: 99%

Section: Research Into Relationshipsmentioning

confidence: 99%

A review of studies on Public–Private Partnership projects in the construction industry

Tang¹,

Shen²,

Cheng³

2010

International Journal of Project Management

357

235

View full text Add to dashboard Cite

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“…across countries and sectors, such as North-South highway project in Malaysia, Karachi power plant in Pakistan , Laibin B power plant in China (Wang, Tiong 2000), Rudeshur gas turbine power station in Iran (Sobhiyah et al 2009), Huaibei power plant in China (Smith et al 2004), and harbor tunnel in Sydney (Yeo 2003). Early project practices also indicate that government guarantee is not only an important factor for improving the enthusiasm of private capital to participate in PPP projects, but can also greatly affect a PPP project's financial feasibility (Deng 2007).…”

Section: Gg16: Interest Rate Guaranteementioning

confidence: 99%

“…No matter how enthusiastic the government is and how attractive its guarantees are, sufficient market study is still the perquisite to the success of PPP projects (Wang, Tiong 2000). For example, due to inaccurate market forecast, Nanjing No.…”

Section: (Gg5) -Loan Guarantee -Quanzhou Municipal Bureau Of Public Fmentioning

confidence: 99%

Determining Appropriate Government Guarantees for Concession Contract: Lessons Learned From 10 PPP Projects in China

Yeung

Jiang

2014

International Journal of Strategic Property Management

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ABSTRACT. Governments worldwide are keen to encourage PPP schemes, however PPP is not a foolproof business. Many local governments and private investors have suffered severe or trying experiences. In this research, 10 case studies were conducted to identify the obstacles and difficulties for successful implementation of PPP projects from the perspective of government guarantees. These PPP projects include two water supply plants, two sewage treatment plants, two power supply plants, two highway projects, and two bridge projects. The findings obtained indicate that the local governments are familiar with "the type of guarantees" to provide to the private investor but they are unsure of the "amount" that should be given. Many PPP projects have therefore been heavily criticized for over benefiting the private investors as the government provides them with too many guarantees. The inappropriate guarantees offered by the government are regarded as one of the root causes of PPP projects' failure. The lessons learned are valuable for determining appropriate government guarantees for future PPP projects and broadening the opportunities for infrastructure development with PPP procurement model.

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“…Among the risk factors (Wang & Tiong, 2000;Ghosh & Jintanapakanont, 2004;Shen et al, 2006;Bing et al, 2007;Ng & Loosemore, 2007;Lam et al, 2007;Ke et al, 2010;Mu et al, 2014) in infrastructure projects include: a) contractual and legal: risks related to the management of contracts; b) financial and economic: risks associated with the financial capacity of the contractor and market conditions; c) not controllable forces: risks from circumstances beyond control; d) suppliers: risks inherent to suppliers; e) natural/physical: risks related to the infrastructure; f) operational: risks associated with productivity and operations; g) political: risks from policy interventions; i) planning: risks inherent to planning variances; j) procrastination: hazards from the way as the projects are managed; k) safety and social: risks related to the safety, environmental issues and social aspects.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Caracterização da gestão de fatores de risco em projetos de infraestrutura

2017

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ISSN 0104-530X (Print) ISSN 1806-9649 (Online) Resumo: Este estudo tem por objetivo compreender como se caracteriza a gestão dos fatores de risco no desempenho de projetos de infraestrutura. Para tal, utilizou-se o referencial teórico associado tanto à literatura voltada para o gerenciamento de riscos quanto sobre complexidade e desempenho de projetos. A estratégia de pesquisa utilizada baseou-se no método de estudo de casos múltiplos, compreendendo a análise de cinco empreendimentos em dois segmentos econômicos distintos. As evidências empíricas sugerem que o impacto dos fatores de risco no desempenho dos projetos depende da intensidade da gestão dos riscos e das habilidades dos gerentes de risco, mas não varia com a complexidade dos projetos. O estudo também indica que a intensidade do desempenho nas dimensões analisadas varia de acordo com a influência dos fatores considerados. Palavras-chave: Projeto de infraestrutura; Desempenho; Gerenciamento de risco; Fator de risco; Complexidade.Abstract: This study aims to understand how risk factor management is characterized in the performance of infrastructure projects. The multiple-case study methodology was used, including the analysis of five projects in two different economic sectors. Empirical evidence suggests that the impact of risk factors in the performance of projects depends on risk management intensity and on the skills of risk managers, but it does not vary with project complexity. Furthermore, the intensity of the analyzed performance dimensions may vary according to the influence of the factors considered.

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Case study of government initiatives for PRC's BOT power plant project

Cited by 90 publications

References 1 publication

A review of studies on Public–Private Partnership projects in the construction industry

A review of studies on Public–Private Partnership projects in the construction industry

Determining Appropriate Government Guarantees for Concession Contract: Lessons Learned From 10 PPP Projects in China

Caracterização da gestão de fatores de risco em projetos de infraestrutura

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