Abstract
Public-private partnership (PPP) is widely used in the world. Many researchers claimed that PPP can contribute to sustainability in nature as it promotes long-term productive use of resources. The briefing stage is important to a PPP project because it is the stage when private sector funds are injected into projects. In considering this, the paper aims at identifying the finance-related critical factors that could lead to the success of the project in the briefing stage. Six finance-related factors were identified based on a comprehensive review of literature followed by personal interviews. The importance of these factors was rated using a questionnaire survey in Hong Kong and Australia. Because some background variables should be taken into account when rating these factors, a custom-made weighted ranking method was developed which enabled an estimation of the weighted importance of finance-related factors. A comparative study of the results between Hong Kong and Australia was conducted. Discussion is provided to describe how these factors can help improve the briefing stage of PPP projects.
Original language | English |
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Title of host publication | ICCREM 2013 |
Subtitle of host publication | Construction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management |
Pages | 427-437 |
Number of pages | 11 |
DOIs | |
Publication status | Published - 11 Dec 2013 |
Event | 2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013 - Karlsruhe, Germany Duration: 10 Oct 2013 → 11 Oct 2013 |
Conference
Conference | 2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013 |
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Country/Territory | Germany |
City | Karlsruhe |
Period | 10/10/13 → 11/10/13 |
ASJC Scopus subject areas
- Civil and Structural Engineering
- Building and Construction