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Identification of critical success factors for public–private partnership projects
Author(s) -
Sehgal Reetika,
Dubey Ashish Mohan
Publication year - 2019
Publication title -
journal of public affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 20
eISSN - 1479-1854
pISSN - 1472-3891
DOI - 10.1002/pa.1956
Subject(s) - general partnership , public–private partnership , globe , critical success factor , government (linguistics) , business , critical infrastructure , identification (biology) , sustainable development , exploratory factor analysis , private sector , success factors , public infrastructure , finance , economic growth , marketing , economics , business administration , computer security , computer science , political science , philosophy , medicine , linguistics , botany , biology , law , ophthalmology , service (business)
Public–private partnership (PPP) is one of the popular mechanisms for the development of infrastructure worldwide; governments across the globe are engaged in discovering a range of PPP policies and strategies for growth of infrastructure. The growth of infrastructure is imperative of the sustainable development of an economy. Therefore, it is pertinent to identify key success factors for the development of infrastructure through PPP model. The current paper aims to explore significant factors for successful execution and completion of PPP projects in infrastructure. A total of 517 employees who had hand‐on experience on PPP projects located in India were interviewed through a structured questionnaire. Exploratory factor analysis yielded 14 components as a significant factor for the success of PPP in infrastructure. This study highlights that the development of infrastructure would be rapid through PPP if government considers these factors in the implementation phase.