Topic: Power relations in the finance of infrastructure public-private partnership projects

Liu, LX; Clegg, S; Pollack, J

Topic: Power relations in the finance of infrastructure public-private partnership projects

Liu, LX Clegg, S

Pollack, J

Permalink

Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: International Journal of Project Management, 2022, 40, (7), pp. 725-740
Issue Date:: 2022-10-01

Closed Access

	Filename	Description	Size
	1-s2.0-S0263786322001004-main.pdf	Published version	3.28 MB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Liu, LX
dc.contributor.author	Clegg, S https://orcid.org/0000-0001-6083-4283
dc.contributor.author	Pollack, J
dc.date.accessioned	2022-11-06T23:26:44Z
dc.date.available	2022-11-06T23:26:44Z
dc.date.issued	2022-10-01
dc.identifier.citation	International Journal of Project Management, 2022, 40, (7), pp. 725-740
dc.identifier.issn	0263-7863
dc.identifier.uri	http://hdl.handle.net/10453/163249
dc.description.abstract	This research investigates the impact of project finance on the ability of Special Purpose Vehicles (SPVs) to deliver infrastructure Public Private Partnership (PPP) projects. The research reports on data that was collected through 46 in-depth interviews with senior executive practitioners involved in PPPs in Australia. Analysis of this data confirms that while SPVs are integral vehicles for PPP integration, organizational power dynamics can generate tensions that restrict SPVs’ ability to manage PPP delivery effectively. Control of the key resource of capital, by debt and equity investors, is central in SPV power plays. Improved understanding of power dynamics will help PPPs better achieve benefits through reforms that enhance managerial agency and develop stronger social and system integration, enabling better alignment of the interests of key stakeholders.
dc.language	en
dc.publisher	Elsevier BV
dc.relation.ispartof	International Journal of Project Management
dc.relation.isbasedon	10.1016/j.ijproman.2022.08.002
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	12 Built Environment and Design, 15 Commerce, Management, Tourism and Services
dc.subject.classification	Building & Construction
dc.title	Topic: Power relations in the finance of infrastructure public-private partnership projects
dc.type	Journal Article
utslib.citation.volume	40
utslib.for	12 Built Environment and Design
utslib.for	15 Commerce, Management, Tourism and Services
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access	*
dc.date.updated	2022-11-06T23:26:10Z
pubs.issue	7
pubs.publication-status	Published
pubs.volume	40
utslib.citation.issue	7

Abstract:

This research investigates the impact of project finance on the ability of Special Purpose Vehicles (SPVs) to deliver infrastructure Public Private Partnership (PPP) projects. The research reports on data that was collected through 46 in-depth interviews with senior executive practitioners involved in PPPs in Australia. Analysis of this data confirms that while SPVs are integral vehicles for PPP integration, organizational power dynamics can generate tensions that restrict SPVs’ ability to manage PPP delivery effectively. Control of the key resource of capital, by debt and equity investors, is central in SPV power plays. Improved understanding of power dynamics will help PPPs better achieve benefits through reforms that enhance managerial agency and develop stronger social and system integration, enabling better alignment of the interests of key stakeholders.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/163249