Critical Issues During the Concession: Review of Studies on Public-Private Partnership Projects

Jayasuriya, S, Zhang, G, Setunge, S and Patnaikuni, I 2014, 'Critical Issues During the Concession: Review of Studies on Public-Private Partnership Projects', in Proceedings of International Conference on Emerging Trends in Civil Engineering, Hyderabad, India, 6-8 January 2014, pp. 617-625.


Document type: Conference Paper
Collection: Conference Papers

Title Critical Issues During the Concession: Review of Studies on Public-Private Partnership Projects
Author(s) Jayasuriya, S
Zhang, G
Setunge, S
Patnaikuni, I
Year 2014
Conference name International Conference on Emerging Trends in Civil Engineering
Conference location Hyderabad, India
Conference dates 6-8 January 2014
Proceedings title Proceedings of International Conference on Emerging Trends in Civil Engineering
Publisher BS Publications
Place of publication Hyderabad, India
Start page 617
End page 625
Total pages 9
Abstract Many countries around the world are in search of new means to engage the private sector in managing and financing infrastructure through Public Private Partnerships (PPPs). However, most of the past PPP projects have faced issues during the concession and those issues usually become evident during the operational phase. When considering Australian context most of the PPP projects have failed due to inaccurate projections of revenue growth, patronage increase and consumer behaviour. This issue directly related to the designing of a suitable concession period at the initial stages of the project. Moreover dealing with uncertainty during the concession is another major issue in PPPs. Due to this uncertainty frequent renegotiation is a major shortfall of PPPs. Although many authors around the world have developed models to design the concession period and renegotiation, there appears to be a lack in summarizing what they have done already. This study will help to compare and contrast the findings of the studies so as to provide insights for directing further PPP research and improving the existing practices of PPP projects in Australia.
Subjects Building Construction Management and Project Planning
Infrastructure Engineering and Asset Management
Keyword(s) Public-Private Partnerships
Concession Period
Renegotiation
Uncertainty
Review
Copyright notice © 2014, by Editors
ISBN 9788178002941
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