Comparison of toll and annuity PPPs: a case study of highway projects in India

Mangu, Samhita; Annamalai, Thillai Rajan; Deep, Akash

doi:10.1108/bepam-12-2019-0138

Cited by 12 publications

(17 citation statements)

References 19 publications

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“…Obsolete equipment is a common problem in developing countries, as the suppliers of these do not maintain proper maintenance records of the equipment [4]. Lastly, pressure from any political party (sfl = 0.800) demonstrates a socio-political scenario which plays a significant role in determining the prospects of highway construction projects, as in an attempt to please voters or satisfy the needs of their electorate, protests are staged on construction sites, affecting the execution of projects [64][65][66].…”

Section: Stakeholder and Political Constraintsmentioning

confidence: 99%

Critical Factors Influencing the Performance of Highway Projects: An Empirical Evaluation

et al. 2022

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Highway construction projects have always suffered from cost overruns due to extended project delivery, causing a loss of public funds. Since highways are the backbone of a nation, the purpose of this study is to measure the criticality of the factors that influence the performance of highway projects. A survey instrument was prepared and distributed to 185 project managers. To achieve the aim of the study, exploratory factor analysis was used and the standard factor loading was the criteria to measure the criticality. From the analysis, it was identified that the factors were grouped under four categories: (a) Execution constraints (b) Operational factors, (c) Stakeholder and political constraints, (d) Design Constraints. Further, it was concluded that the complexity of the sub-contractor’s performance, frequent modification in alignment, project design, loopholes in safety, and ambiguities in specifications are the main factors that impact the performance of highway projects. Therefore, it was recommended to develop an efficient project planning methodology which is a continuum of project management skills and tacit knowledge of managing a site which operates efficiently.

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Section: Stakeholder and Political Constraintsmentioning

confidence: 99%

Critical Factors Influencing the Performance of Highway Projects: An Empirical Evaluation

et al. 2022

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“…Currently, in Indian road construction projects, the rate of project success is affected by disputes amongst the contracting parties that affect the level of stakeholder's satisfaction (Mangu et al, 2021). In this context it can be evidently mentioned that India is one of the few countries that still have not adopted a construction law or have a standard form of contract for government works (Indian Infrastructure, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Evaluating the impact of constraints on project success: empirical study of highway projects

Deep

Bhoola

Vidhani

et al. 2022

BEPAM

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PurposeHighway projects in India have a history of cost overruns and delay in project delivery, thus incurring huge losses to public funds. The study aimed to measure the extent of influence of various constraints on the overall success of highway projects (e.g. National highway project, state highway projects and major district roads). Based on the literature, various factors were grouped under three categories (a) Project Constraints, (b) Project Governance Constraints and (c) Stakeholder Induced Constraints.Design/methodology/approachA quantitative approach was adopted. A questionnaire-based survey was conducted with 435 respondents from the field of highway projects with a minimum experience of 1 year as Project Manager. The data was analyzed by partial least squares structural equation modeling technique.FindingsIt was identified that the impact of project constraints (ES = 0.313) on project success is more than that of project governance constraints (ES = 0.231) and stakeholder induced constraints. Additionally, it was found that project governance constraints have a strong impact on project constraints (ES = 0.535) and stakeholder induced constraints (ES = 0.403).Originality/valueThe study presented in this paper is first of its kind to measure and articulate the impact of project governance constraint, project constraint and stakeholder induced constraints on project success.

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“…PPP road projects in India have mainly followed the Build-Operate-Transfer (BOT) format (Mangu et al, 2021). The concessionaire in a BOT project is responsible for its design, finance, construction and operation until the end of the concession period (Deep et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Impact of transparency law on the post-award development phase of Toll and Annuity PPPs

Nayyer,

Aravindan,

Annamalai

2023

BEPAM

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PurposeInvolvement of lenders for PPP highway projects in India starts after the bid award. The post-award development phase of Toll and Annuity PPPs differ significantly in terms of potential risk assumed by lenders. This study aims to assess the impact of the transparency law on the post-award development phase of Toll and Annuity PPPs.Design/methodology/approachA unique dataset of 469 PPP highway projects implemented in India was used to conduct this empirical study. An OLS regression model was developed to assess the impact of the transparency law on the post-award development phase.FindingsEnacting the transparency law increased the duration of the post-award development phase of Toll projects; however, its impact on Annuity projects was not significant. Moreover, Toll and Annuity projects with a longer post-award development phase had a shorter construction phase. The post-award development phase of the Toll projects was relatively more sensitive to technical, economic and location-specific variables than Annuity projects. Length of road stretch, duration of the concession period and individual income of end-users significantly impacted the duration of this phase of Toll projects.Practical implicationsTransparency law can improve risk mitigation of Toll projects during the post-award development phase.Originality/valueThe impact of transparency law on PPP projects has never been assessed. This study assesses its impact on the two forms of PPPs. It also highlights the determinants of this phase and how they differ for the two forms of PPPs.

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Comparison of toll and annuity PPPs: a case study of highway projects in India

Cited by 12 publications

References 19 publications

Critical Factors Influencing the Performance of Highway Projects: An Empirical Evaluation

Critical Factors Influencing the Performance of Highway Projects: An Empirical Evaluation

Evaluating the impact of constraints on project success: empirical study of highway projects

Impact of transparency law on the post-award development phase of Toll and Annuity PPPs

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