A comparative study of critical success factors for public private partnerships (PPP) between Mainland China and the Hong Kong Special Administrative Region

Publisher:
Emerald
Publication Type:
Journal Article
Citation:
Facilities, 2012, 30 (13), pp. 647 - 666
Issue Date:
2012
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Purpose – This paper aims to explore the critical success factors (CSFs) necessary for adopting public private partnerships (PPPs) in both Mainland China and Hong Kong. Design/methodology/approach – An empirical questionnaire survey was conducted with relevant experienced practitioners in Mainland China and Hong Kong. Findings – Both Mainland China and Hong Kong have been keen to deliver more infrastructure service projects through PPP mode, with the former aiming to meet its rapidly growing infrastructure demand and the latter uplifting its efficiency further. The results indicate that Hong Kong does not regard multi‐benefit objectives as importantly as Mainland China. Mainland China on the contrary felt more concerned with an equitable risk sharing mechanism, which is understandable given the problems affecting the financial market in Mainland China. Originality/value – It is anticipated that the results presented in this paper will assist both the public and private sectors to deliver PPP projects more successfully.
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