Formation of optimal private involvement in urban rail public-private partnership projects in China
- Publication Type:
- Journal Article
- International Journal of Project Organisation and Management, 2018, 10 (3), pp. 268 - 286
- Issue Date:
© 2018 Inderscience Enterprises Ltd. Subnational governments in China are suffering from urgent urban development demands and severe fiscal pressure, public-private partnerships (PPPs) are hence strongly promoted to attract private investors to participate in the development and operation of urban rail projects. However, there is no formal assessment to determine the degree of private involvement in a PPP project. This question is more critical in the sector of urban rail, in which the huge investment cannot rely on the private sector alone. This study hence aimed to develop a five-stage systematic procedural framework to determine the optimal private involvement in an urban rail PPP project in China. The findings add to the current knowledge base by summarising an appropriate and systematic procedural framework for the allocation of involvement in a PPP project. They are also beneficial for the industry practitioners as a management framework to determine the appropriateness of private involvement.
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