Cross-sectional analysis of critical risk factors for PPP water projects in China

Chan, APC; Lam, PTI; Wen, Y; Ameyaw, EE; Wang, S; Ke, Y

Cross-sectional analysis of critical risk factors for PPP water projects in China

Chan, APC Lam, PTI Wen, Y Ameyaw, EE Wang, S Ke, Y

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Publication Type:: Journal Article
Citation:: Journal of Infrastructure Systems, 2015, 21 (1)
Issue Date:: 2015-03-01

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Field	Value	Language
dc.contributor.author	Chan, APC	en_US
dc.contributor.author	Lam, PTI	en_US
dc.contributor.author	Wen, Y	en_US
dc.contributor.author	Ameyaw, EE	en_US
dc.contributor.author	Wang, S	en_US
dc.contributor.author	Ke, Y https://orcid.org/0000-0003-3426-703X	en_US
dc.date.issued	2015-03-01	en_US
dc.identifier.citation	Journal of Infrastructure Systems, 2015, 21 (1)	en_US
dc.identifier.issn	1076-0342	en_US
dc.identifier.uri	http://hdl.handle.net/10453/53025
dc.description.abstract	© 2014 American Society of Civil Engineers. During the past decades in China, the traditional state monopoly has experienced difficulties in meeting the huge demand for new infrastructure and improvement in service levels, engendering the growth of different forms and degrees of private sector involvement. Since the 1990s, China has started experimenting with the public-private partnership (PPP) delivery method in the water supply sector. However, many problems stemming from unsuccessful risk management have been encountered in PPP applications that have eventually led to project failure. This paper aims to identify and evaluate typical risks associated with PPP projects in the Chinese water supply sector. A literature review, a Delphi survey, and face-to-face interviews were used to achieve these objectives. Finally, a register of 16 critical risk factors (CRFs) of water PPP projects in China was established. The findings revealed that completion risk, inflation, and price change risk have a higher impact on Chinese water PPP projects, whereas government corruption, an imperfect law and supervision system, and a change in market demand have a lower impact on the water supply sector. The findings can help project stakeholders to improve the efficiency of privatization in public utility service and provide private investors with a better understanding while they participate in the enormous Chinese water market through the PPP mode.	en_US
dc.relation.ispartof	Journal of Infrastructure Systems	en_US
dc.relation.isbasedon	10.1061/(ASCE)IS.1943-555X.0000214	en_US
dc.subject.classification	Civil Engineering	en_US
dc.title	Cross-sectional analysis of critical risk factors for PPP water projects in China	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	21	en_US
utslib.for	0905 Civil Engineering	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	21	en_US

Abstract:

© 2014 American Society of Civil Engineers. During the past decades in China, the traditional state monopoly has experienced difficulties in meeting the huge demand for new infrastructure and improvement in service levels, engendering the growth of different forms and degrees of private sector involvement. Since the 1990s, China has started experimenting with the public-private partnership (PPP) delivery method in the water supply sector. However, many problems stemming from unsuccessful risk management have been encountered in PPP applications that have eventually led to project failure. This paper aims to identify and evaluate typical risks associated with PPP projects in the Chinese water supply sector. A literature review, a Delphi survey, and face-to-face interviews were used to achieve these objectives. Finally, a register of 16 critical risk factors (CRFs) of water PPP projects in China was established. The findings revealed that completion risk, inflation, and price change risk have a higher impact on Chinese water PPP projects, whereas government corruption, an imperfect law and supervision system, and a change in market demand have a lower impact on the water supply sector. The findings can help project stakeholders to improve the efficiency of privatization in public utility service and provide private investors with a better understanding while they participate in the enormous Chinese water market through the PPP mode.

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http://hdl.handle.net/10453/53025