Open AccessThe attractiveness of public-private partnership for road projects in India
Author(s) -
Mohammed Shakil Malek,
L. B. Zala
Publication year - 2022
Publication title -
journal of project management
Language(s) - English
Resource type - Journals
eISSN - 2371-8374
pISSN - 2371-8366
DOI - 10.5267/j.jpm.2021.10.001
Subject(s) - attractiveness , public–private partnership , general partnership , business , questionnaire , private sector , public sector , descriptive statistics , marketing , transport engineering , finance , economic growth , engineering , economics , psychology , social science , statistics , economy , mathematics , sociology , psychoanalysis
The objective of this paper was to have a study on the perceptions of stakeholders of Public-Private Partnership (PPP) projects for factors affecting the attractiveness of road projects in India. A questionnaire survey was conducted among major PPP project participants of Indian PPP road projects. Fifteen attractive factors were shortlisted through a literature survey for designing the questionnaire. Collected data was analyzed with factor analysis and descriptive statistical analysis. The findings resulted in three components: effectiveness of the private sector, effective time and cost management, and the public sector’s economic benefit. Eight factors were identified as highly affecting the attractiveness of PPP in Indian road projects. PPP provides ample diversity of net benefits to both the public and private sectors. During the project development stage, both sectors have to formulate decisions based on appropriate assessment criteria. Therefore, the reflection of attractive factors will assist the public-sector to select PPP in the road sector. It also helps to establish the strategy for road projects using PPP.