Open AccessAn Assessment for PPP Adoption as an Alternative Government Approach to Finance Suspended Infrastructure Projects in Iraq
Author(s) -
Jinan Kata'a Hassan,
Sedqi Esmaeel Rezouki
Publication year - 2019
Publication title -
international journal of current engineering and technology
Language(s) - English
Resource type - Journals
eISSN - 2347-5161
pISSN - 2277-4106
DOI - 10.14741/ijcet/v.9.3.5
Subject(s) - private sector , government (linguistics) , general partnership , business , finance , public–private partnership , private finance initiative , payment , public sector , politics , economics , economic growth , political science , economy , linguistics , philosophy , law
Due to the decline in oil prices in 2014 and the years after, Iraqi government encouraged governmental institutions toengage private sector in financing infrastructure projects that have been suspended due the financial crisis throughpublic- private sector partnership (PPP) as alternative source of funding. However, the participation of the privatesector in filling that gap was unpromising. Therefore, this research is conducted to identify the reasons behind that inregard the projects of the Ministry of Construction and Housing and Public Municipalities (MoCHPW). 17 interviewswere conducted as preliminary step of data collection where 13 major impediments have been identified andorganized within a questionnaire that conducted with a participation of 98 respondents from public, privateinstitutions and academics. Means comparison was used to rank impediments also nonparametric tests were used toassess the agreement level of survey sample groups’ respondents towards. Findings indicated that the poor ability toconduct PPP projects feasibility studies by government organizations came the first on the top five impediments asranked by overall respondents, followed by inability of government to set timetables for payments due to the lack offuture vision of Iraqi cash status as it is influenced by the fluctuation in oil prices. The Lack of political commitmentcame at the third place and the lack of clear selection criteria for private partner at the fourth place and lack ofprivate funding came at the fifth place. The overall findings indicated that government must more decisive in dealingwith and resolving these impediments to ensure the success of PPP in Iraq.