Abstract
Governments often provide incentives to attract private sector involvement in public-private partnership (PPP) projects. This paper first describes the government incentives provided for actual projects such as The Beijing Olympic National Stadium. A questionnaire survey was then used to examine the private sector's preferences for these incentives. The government incentives included government sponsorship, financing assistance, government guarantees, tax exemptions or reductions and new market opportunities. Respondents from the private sector affirmed the effectiveness of all the incentives, with the tax exemptions or reductions as the most desirable and government sponsorship as the least. The results suggest that the private sector should carefully evaluate government incentives and not ask for unreasonable incentives when the project is very urgent or the government lacks experience.
Original language | English |
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Pages (from-to) | 1480-1483 |
Number of pages | 4 |
Journal | Qinghua Daxue Xuebao/Journal of Tsinghua University |
Volume | 49 |
Issue number | 9 |
Publication status | Published - 1 Sept 2009 |
Keywords
- Incentive
- Infrastructure
- Private sector involvement
- Public-private partnership (PPP)
ASJC Scopus subject areas
- General Engineering
- Computer Science Applications
- Applied Mathematics