The idea of this special issue in Public-Private Partnership (PPP) came as a result of the increasing adoption of PPP and associated problems of implementing PPPs. Many governments globally are adopting PPP for many reasons, including to address funding gaps, better public facility management, innovation and value for money. Despite the many documented benefits of PPP, there are many reported problems associated with the policy. Therefore, this special issue aimed at exploring the salient topics and concepts associated with the implementation of PPP globally.
Thirteen high quality papers were published. These papers covered different topics and issues related to the implementation of PPPs globally, including unsolicited PPP proposals, risk allocations, critical success factors in PPP tendering stage, public sector institutional frameworks, and PPP stakeholder management. The careful assessment and evaluation of unsolicited public–private partnership (PPP) proposals prior to their implementation are very critical towards achieving effective outcomes including wider social benefits and value for money. Therefore, some of the critical criteria include value for money, financial feasibility and sustainable innovation. Risk allocation is considered critical to the implementation and success of PPPs, therefore an efficient risk allocation framework should be developed at the early stages of project development. In ensuring the success of PPP at the tendering stage, strategies to consider should focus on three areas, these include ‘organization, process and people. On the issue of stakeholder management, it has been ascertained that stakeholder monitoring has a positive and significant relationship with PPP management issues.
Overall, this special issue has contributed significantly to the existing body of knowledge on PPP. More importantly, it has provided a medium to consolidate and disseminate the current inherent strategic and policy issues involved in PPP project implementation globally.
The guest editors are thankful to all authors who contributed to this special issue.
Robert Osei-Kyei (Lead Guest Editor)
Senior Lecturer in Construction Project Management
School of Engineering Design and Built Environment
Western Sydney University
Sydney, NSW
[email protected]
Albert. P.C Chan
Chair Professor and Dean of Students,
Department of Building and Real Estate,
The Hong Kong Polytechnic University,
Hong Kong
[email protected]