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Risk Allocation in Infrastructure Public-Private Partnership ( PPP ) Projects
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ke, Yongjian Wang, Shou Qing Chan, Albert P. C. |
| Copyright Year | 2008 |
| Abstract | Negotiations among project participants in Public-Private Partnership (PPP) especially between government and the private consortium are time-consuming and costly. Disputes often arise during the operation period, due to the characteristics associated with PPP mode which typically involves huge investment, long concession period, high risks and complicated contractual structure. Earlier research works indicated that a fair quantitative risk allocation among the stakeholders is essential for the success of PPP projects; however, actual empirical research on the ground is limited. In light of these, this paper suggests the timing and key points of risk allocation in a PPP project, and then summarizes their influences on value for money and the criteria to allocate risks. A comparative study of several risk allocation schemes is also provided as a reference for further research and practice of PPP projects. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://learn.tsinghua.edu.cn/homepage/2002990155/Paper/%E6%9F%AF%E6%B0%B8%E5%BB%BA-%E5%9F%BA%E7%A1%80%E8%AE%BE%E6%96%BDPPP%E9%A1%B9%E7%9B%AE%E7%9A%84%E9%A3%8E%E9%99%A9%E5%88%86%E6%8B%85.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
