Evaluating highway public-private partnerships: Evidence from U.S. value for money studies

Kweun, Jeong Yun; Wheeler, Porter K.; Gifford, Jonathan L

doi:10.1016/j.tranpol.2017.03.009

Cited by 31 publications

(21 citation statements)

References 12 publications

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“…These economic infrastructure projects always have a lot of complex technical problems and huge investments. Therefore, adopting PPPs model in these economic infrastructure projects can increase operational efficiency, lowering project costs and off-budget financing (Dormady, Jones, Roe, & Rub, 2019) by taking advantage of private management experience and capital advantage (Arbulú, Lozano, & Rey-Maquieira, 2016;Kweun, Wheeler, & Gifford, 2018).…”

Section: Rgmentioning

confidence: 99%

Evaluating the regional social sustainability contribution of public‐private partnerships in China: The development of an indicator system

Yuan

Zhang

Tan

et al. 2019

Sustainable Development

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Public-private partnerships (PPPs) have been increasingly adopted in China. Sustainability of PPPs has become a priority for a sustainable development of PPPs. Most prior studies focus on sustainable implementation of PPP projects. Few research efforts have been done to examine the impacts of PPPs to sustainability from an external perspective and a more macro geographical scale. Meanwhile, the social aspect of the sustainability of PPPs has not been widely studied. Therefore, this study aims to propose a social sustainability contribution evaluation system (SSCES) for PPPs to evaluate PPPs' contribution to regional social sustainability at the institutional level. An indicator system of the SSCES for PPPs was developed, which included 8 requirements for socially sustainable development and 33 social sustainability indicators. The weights of indicators were determined by using the analytic hierarchy process method. The results indicate that, in the context of China, promoting peopleoriented urbanization in PPPs can help enhance regional social sustainability. This study provides a useful evaluation tool for various stakeholders to evaluate the sustainability of PPPs from an institutional level, especially for local governments to review current PPP polices and make improvements.

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Section: Rgmentioning

confidence: 99%

Evaluating the regional social sustainability contribution of public‐private partnerships in China: The development of an indicator system

Yuan

Zhang

Tan

et al. 2019

Sustainable Development

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“…Two core parameters—the value of money and life cycle cost considerations—(Kweun, Wheeler, & Gifford, ) that hitherto had been missing in the PPP procurement process in India (Garg & Garg, ) got addressed through HAM. HAM closed this gap by introducing a new bidding parameter.…”

Section: Indian Higwhway Sectors Ppp Journeymentioning

confidence: 99%

Hybrid annuity model: Hamming risk allocations in Indian highway public–private partnerships

Garg

Mahapatra²

2019

Journal of Public Affairs

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A new public-private partnership (PPP) model, that is, hybrid annuity model (HAM) was introduced in 2016, to revive investments in the Indian highway infrastructure and to remedy the troubled relationship between the public and private sectors. This model marked a significant policy departure in the management of long-and shortterm public interest, which is inherent to public utilities and service delivery.Through a dispassionate lens, this paper critically examines the extent to which HAM has fulfilled its stated objectives. The analysis of project award data provides mixed empirical evidence of HAM's early success. As a positive policy imperative, HAM has been able to attract private participation in highway infrastructure by readjustment of risk allocations, and hence, it is a welcome step forward in improving public affairs. Worryingly though, HAM also brought about extensive de-risking of the private sector, with evidence of rendering risk retention, that is, "skin-in-the-game" by the less significant private infrastructure investors, and thereby adversely impacting development priorities. We find that HAM has taken the reengagement of private sector two steps back in management of PPP affairs.Recognizing that a true performance assessment is unlikely at this early stage of HAM introduction, the paper adopts a more analytical stance in identifying possible pitfalls

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“…Unfortunately, VfM assessment is currently only applied at the feasibility stage of public projects, although the quality of the public service provided by the private sector can only be best observed at the operational stage. Many countries do not yet require ex-post VfM assessment at the operational stage of PPPs [51,52]. [11] suggested that, ex-post VfM assessments should be conducted, to determine whether VfM has actually been delivered, as the ex-ante assessment of VfM is inadequate.…”

Section: Public Private Partnerships (Ppp) and Value For Money (Vfm)mentioning

confidence: 99%

Public Private Partnerships, a Value for Money Solution for Clean Coal District Heating Operations

Wang

Chen

2019

Sustainability

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Although district heating is an energy-effective solution for cold countries, the coal-fired district heating sector is still facing significant challenges as regards sustainable development, during its operational stage. In order to achieve better operational performance, public private partnerships (PPP) have been introduced in relation to managing clean coal district heating, as a value for money (VfM) solution. To date, however, studies of the application of clean coal in district heating operations are rare and the lack of an evaluation framework hinders the effectiveness test on this sustainable solution. This research aims to investigate the effectiveness of PPP as a VfM solution to the operation of clean coal district heating, by developing an assessment framework on the basis of three dimensions of sustainability: economic, social and environmental, and discussing the proposal, by means of a case study. The assessment results show that the PPP operation offers good VfM performance but with room for improvement, including more user engagement. This research contributes to the literature on clean coal district heating and PPP by providing a comprehensive assessment framework for evaluating VfM performance of the concept. The application of the framework can help the authorities with a robust PPP assessment and thus, improve the sustainable performance of the clean coal heating operation.

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Evaluating highway public-private partnerships: Evidence from U.S. value for money studies

Cited by 31 publications

References 12 publications

Evaluating the regional social sustainability contribution of public‐private partnerships in China: The development of an indicator system

Evaluating the regional social sustainability contribution of public‐private partnerships in China: The development of an indicator system

Hybrid annuity model: Hamming risk allocations in Indian highway public–private partnerships

Public Private Partnerships, a Value for Money Solution for Clean Coal District Heating Operations

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