Investment risk assessment of social capital in urban rail transit Public-Private Partnership projects

Sun, Yuhao; Liu, Mengkai; Hao, Shengyue; Wei, Meng

doi:10.1080/13467581.2023.2287716

Cited by 2 publications

(1 citation statement)

References 73 publications

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“…Alasad and Motawa (2015) [29] developed a system dynamics model for assessing demand risk in PPP road projects. Sun et al (2023) [30] assessed the investment risk of urban rail transit PPPs using the system dynamics approach. On the other hand, the three types of techniques used in the risk assessment literature include qualitative, quantitative, or semiquantitative approaches (Chinyio, 2003) [31], and numerous models have been developed in the literature using these approaches.…”

Section: Literature Review 21 Previous Studies On Ppp Risk Assessment...mentioning

confidence: 99%

Riesgo: A Knowledge-Based Qualitative Risk Assessment System for PPP Projects

Kuru,

Artan

2024

Buildings

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A successful public-private partnership (PPP) relies heavily on effective risk assessment, given the intricate risk factors and contractual arrangements involved. While quantitative risk assessment methods have received significant attention in the PPP literature, qualitative risk assessment, the sector’s predominant preference, remains underexplored, causing a low level of applicability of academic studies and indicating a noticeable research gap. A qualitative risk assessment tool prototype, Riesgo, is developed in this paper as a customizable, knowledge-based digital risk register incorporating a pre-defined template that guides users using PPP risk factors, compensation and mitigation options, project information requirements, and risk register items. This paper presents the proposed system architecture, explains the research steps adopted in determining the system elements, and delineates the system functions through a use case developed to illustrate the process and information flows. The prototype was verified by 13 PPP experts who employed it for risk assessment, and their feedback was utilized for further development. A validation survey of 21 professionals affirmed Riesgo’s usability and applicability in the industry. The customizable and knowledge-based prototype has the potential to streamline effective risk assessment and guide the users across various PPP phases, such as early risk assessment, feasibility studies, contract preparation, and monitoring.

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Section: Literature Review 21 Previous Studies On Ppp Risk Assessment...mentioning

confidence: 99%

Riesgo: A Knowledge-Based Qualitative Risk Assessment System for PPP Projects

Kuru,

Artan

2024

Buildings

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Mitigating Financial Risks in Sustainable Public–Private Partnership Infrastructure Projects: A Quantitative Analysis

Akomea-Frimpong,

Jin,

Osei-Kyei

2024

Systems

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Economic recession from the coronavirus outbreak continues to have negative rippling effects on local and international financial investments in public–private partnership (PPP) projects in Ghana, a developing country. Together with poor reports on operating cash-inflows for PPP projects such as those covering schools, hospitals, railways, fishing harbors, cocoa warehouses, recreational parks and affordable housing, there is an urgent need to develop and institutionalise sustainable and robust financial risk management measures. These measures are meant to mitigate financial losses, promote sustainability practices and prolong the longevity of infrastructure developments within PPP pacts. Therefore, this study aims to assess the mitigation measures of PPP infrastructure management in Ghana. Primary data from survey questionnaires were utilised in this study, with the data obtained from PPP practitioners and experts. Data were grouped into project type, sectors and practitioners of PPP projects to aid the analysis using tools such as the Kruskal–Wallis test, the Mann–Whitney U test and factor analysis. The results demonstrate sustainable and green finance, the innovative skills and competencies of project teams, green financial risk models and inclusive cost reduction strategies as crucial to minimising financial risks in PPP project delivery. These findings have significant implications for PPP practitioners and researchers in Ghana and similar developing countries to understand and develop measures to respond to financial risks for sustainable PPP project development and future research studies.

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Investment risk assessment of social capital in urban rail transit Public-Private Partnership projects

Cited by 2 publications

References 73 publications

Riesgo: A Knowledge-Based Qualitative Risk Assessment System for PPP Projects

Riesgo: A Knowledge-Based Qualitative Risk Assessment System for PPP Projects

Mitigating Financial Risks in Sustainable Public–Private Partnership Infrastructure Projects: A Quantitative Analysis

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