2015
DOI: 10.1016/j.ijproman.2014.06.006
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PPP application in infrastructure development in China: Institutional analysis and implications

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Cited by 188 publications
(131 citation statements)
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References 30 publications
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“…Las Vegas Monorail's filing bankruptcy demonstrates the challenges too limited involvement of the government (i.e., the State of Nevada) on the PPP project. The role of the public sector is typically defined by the PPP agreement; thus the core task is to keep the resource allocation and risk taking balanced so that both sectors are able to maximize their capacities [34]. From a financial point of view, before an attempt secure equity financing or debt, it is important for PPPs to have an equitable risk-sharing system.…”
Section: Discussionmentioning
confidence: 99%
“…Las Vegas Monorail's filing bankruptcy demonstrates the challenges too limited involvement of the government (i.e., the State of Nevada) on the PPP project. The role of the public sector is typically defined by the PPP agreement; thus the core task is to keep the resource allocation and risk taking balanced so that both sectors are able to maximize their capacities [34]. From a financial point of view, before an attempt secure equity financing or debt, it is important for PPPs to have an equitable risk-sharing system.…”
Section: Discussionmentioning
confidence: 99%
“…Leading towards developing a framework of institutional strategic direction for sustainable marine spatial planning, it is best suggested to use the Institutional Analysis Framework. Furthermore, the implementation of Institutional Analysis as the method to study the legislative direction and relationship among marine institutions (Skurray, 2015;Zhang et al, 2014;Cárcamo et al, 2013;Liu et al, 2012 andOstrom, 2005;2010).…”
Section: Framework Of Institutional Mapping In Sustainable Marine Spamentioning
confidence: 99%
“…In a typical PPP arrangement, the private sector funds the construction of a project, maintains and operates it for a long period of time, after which it is transferred to the public sector -the government (Tieva & Junnonen, 2009). Since China's economic reforms in 1978, PPP has become a popular modality of funding projects in China (Ke, 2014;Zhang, Gao, Feng, & Sun, 2014). PPP was applied in China first in industrial development; later, it was adopted as a strategy to finance infrastructure during China's rapid urbanization process (M. Zhang et al, 2014).…”
Section: Public-private Partnershipmentioning
confidence: 99%