Factors influencing the private involvement in Urban rail public-private partnership projects in China

Ke, Y; Hao, W; Ding, H; Wang, Y

Factors influencing the private involvement in Urban rail public-private partnership projects in China

Ke, Y

Hao, W Ding, H Wang, Y

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Publication Type:: Journal Article
Citation:: Construction Economics and Building, 2017, 17 (1), pp. 90 - 106
Issue Date:: 2017-01-01

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Field	Value	Language
dc.contributor.author	Ke, Y https://orcid.org/0000-0003-3426-703X	en_US
dc.contributor.author	Hao, W	en_US
dc.contributor.author	Ding, H	en_US
dc.contributor.author	Wang, Y	en_US
dc.date.issued	2017-01-01	en_US
dc.identifier.citation	Construction Economics and Building, 2017, 17 (1), pp. 90 - 106	en_US
dc.identifier.issn	2204-9029	en_US
dc.identifier.uri	http://hdl.handle.net/10453/88971
dc.description.abstract	© 2017 by the author(s). Private investors have been encouraged to participate in the development and operation of urban rail projects in China through Public-Private Partnerships (PPPs), given the fact that subnational governments are suffering from urgent development demands and severe fiscal pressure. However, there is no formal assessment to determine the private involvement in a PPP project. This problem is particularly critical in the sector of urban rail, in which the huge investment cannot rely on the private sector alone. This study hence aimed to uncover and identify the influencing factors. Multiple research methods, including content analysis, case study and focus group discussion were adopted to achieve the research purpose. Seven types of influencing factors were identified, including project financial model, government fiscal commitment, risk allocation, public accountability, efficiency considerations, policy and regulations, and organisational marketing strategies. The findings add to the current knowledge base by uncovering the drivers behind private involvement in a PPP project. They are also beneficial for industry practitioners as a basis/checklist to determine the private involvement.	en_US
dc.relation.ispartof	Construction Economics and Building	en_US
dc.relation.isbasedon	10.5130/AJCEB.v17i1.5105	en_US
dc.title	Factors influencing the private involvement in Urban rail public-private partnership projects in China	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	17	en_US
utslib.for	1202 Building	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	17	en_US

Abstract:

© 2017 by the author(s). Private investors have been encouraged to participate in the development and operation of urban rail projects in China through Public-Private Partnerships (PPPs), given the fact that subnational governments are suffering from urgent development demands and severe fiscal pressure. However, there is no formal assessment to determine the private involvement in a PPP project. This problem is particularly critical in the sector of urban rail, in which the huge investment cannot rely on the private sector alone. This study hence aimed to uncover and identify the influencing factors. Multiple research methods, including content analysis, case study and focus group discussion were adopted to achieve the research purpose. Seven types of influencing factors were identified, including project financial model, government fiscal commitment, risk allocation, public accountability, efficiency considerations, policy and regulations, and organisational marketing strategies. The findings add to the current knowledge base by uncovering the drivers behind private involvement in a PPP project. They are also beneficial for industry practitioners as a basis/checklist to determine the private involvement.

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http://hdl.handle.net/10453/88971