Equitable Financial Evaluation Method for Public-Private Partnership Projects

被引:13
|
作者
柯永建 [1 ]
刘新平 [2 ]
王守清 [1 ]
机构
[1] Department of Construction Management,Tsinghua University
[2] China Development Bank Zhejiang Branch
基金
中国国家自然科学基金;
关键词
financial evaluation; risk analysis; public-private partnership (PPP);
D O I
暂无
中图分类号
F275 [企业财务管理];
学科分类号
1202 ; 120202 ;
摘要
The feasibility study of a public-private partnership (PPP) project is regarded as one of the critical factors for successful implementation, but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector. There is, therefore, an urgent need to develop an eq-uitable financial evaluation method for PPP projects. This paper presents a comprehensive literature review that examines international practices. An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations. The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.
引用
收藏
页码:702 / 707
页数:6
相关论文
共 50 条
  • [31] Effect of promotion pressure and financial burden on investment in public-private partnership infrastructure projects in China
    Wang, Ling
    Zhou, Lihong
    Xiong, Yan
    Yan, Dongyi
    [J]. ASIAN-PACIFIC ECONOMIC LITERATURE, 2019, 33 (02) : 128 - 142
  • [32] STAKEHOLDERS' PERSPECTIVES ON THE SUCCESS CRITERIA FOR PUBLIC-PRIVATE PARTNERSHIP PROJECTS
    Osei-Kyei, Robert
    Chan, Albert P. C.
    [J]. INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT, 2018, 22 (02) : 131 - 142
  • [33] Investigation of the challenges facing public-private partnership projects in Australia
    Mwakabole, Godfrey Charles
    Gurmu, Argaw Tarekegn
    Tivendale, Linda
    [J]. CONSTRUCTION ECONOMICS AND BUILDING, 2019, 19 (01): : 57 - 74
  • [34] Assessing the Effectiveness of Infrastructure Public-Private Partnership Programs and Projects
    Garvin, Michael J.
    Bosso, Doran
    [J]. PUBLIC WORKS MANAGEMENT & POLICY, 2008, 13 (02) : 162 - 178
  • [35] Effect of public-private partnership projects on inequality in developing countries
    Pena-Miguel, Noemi
    Cuadrado-Ballesteros, Beatriz
    [J]. JOURNAL OF ECONOMIC POLICY REFORM, 2024, 27 (01) : 66 - 86
  • [36] Incentives of Early Termination Compensation in Public-Private Partnership Projects
    Xiong, Wei
    Han, Yilong
    [J]. IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2023, 70 (06) : 2220 - 2232
  • [37] Study on Identification of Spurious Public-Private Partnership Projects in China
    Liang, Qingxue
    Hu, Hao
    [J]. IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2020, 67 (02) : 376 - 384
  • [38] Regional distribution of public-private partnership projects: case of Russia
    Kuzmin, Evgeny
    Zinatullina, Elza
    Mezentseva, Elena
    [J]. VI INTERNATIONAL SCIENTIFIC CONFERENCE TERRITORIAL INEQUALITY: A PROBLEM OR DEVELOPMENT DRIVER (REC-2021), 2021, 301
  • [39] Community engagement, commitment and sustainability of public-private partnership projects
    Mwesigwa, Rogers
    Basulira, Gonzaga
    Mayengo, Joseph
    Mugarura, Jude Thadeo
    [J]. JOURNAL OF MANAGEMENT DEVELOPMENT, 2024, 43 (04) : 445 - 460
  • [40] Risk Management at Implementation of Social Projects of Public-Private Partnership
    Shubina, V., I
    Shemyatikhina, L. Y.
    Evseeva, M., V
    Shipitsyna, K. S.
    [J]. PROCEEDINGS OF THE INTERNATIONAL SCIENTIFIC CONFERENCE - FAR EAST CON (ISCFEC 2020), 2020, 128 : 2370 - 2376