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Different Perceptions of Concern Factors for Strategic Investment of The Private Sector in Public-Private Partnership Transportation Projects

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  • Sy, Do Tien
  • Likhitruangsilp, Veerasak
  • Onishi, Masamitsu
  • Nguyen, Phong Thanh

Abstract

This paper identifies the concern factors of private investors associated with Public-Private Partnership (PPP) transportation projects in Vietnam. The concern factors are incorporated into four main groups: (1) company profile; (2) finance; (3) opportunities; and (4) risk perceptions. The paper examines the different perceptions by the public and private sectors about these concern factors adopted by experienced professionals related to PPP transportation projects. Based on a questionnaire survey in Vietnam, the most concern factors of private investors are their own capacity, demand issues, legal and political risks, long-term income, and financial sources issues of the PPP project. Moreover, five factors that represent the significant differences between the private and public sectors includingpolitical risks, enhancement of company’s strength in its industry, construction risks, demand issues, and financial viability of the company are also discovered. Addressing the different perceptions is indispensable to ensure the public sector can establish necessary policies that appeal to both domestic and foreign private investors. The paper at the same time hopes to provide some of lessons for the private sector.

Suggested Citation

  • Sy, Do Tien & Likhitruangsilp, Veerasak & Onishi, Masamitsu & Nguyen, Phong Thanh, 2016. "Different Perceptions of Concern Factors for Strategic Investment of The Private Sector in Public-Private Partnership Transportation Projects," MPRA Paper 96581, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:96581
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    References listed on IDEAS

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    1. A. V. Thomas & Satyanarayana Kalidindi & K. Ananthanarayanan, 2003. "Risk perception analysis of BOT road project participants in India," Construction Management and Economics, Taylor & Francis Journals, vol. 21(4), pages 393-407.
    2. Alfen, Hans Wilhelm & Kalidindi, Satyanarayana N. & Ogunlana, Stephen & Wang, ShouQing & Abednego, Martinus P. & Frank-Jungbecker, Andrea & Jan, Yu-Chien Amber & Ke, Yongjian & Liu, YuWen & Singh, L. , 2009. "Public-Private Partnership in infrastructure development: Case studies from Asia and Europe," Schriftenreihe der Professur Betriebswirtschaftslehre im Bauwesen / Series of the Chair Construction Economics, Bauhaus-Universität Weimar, Faculty of Civil Engineering, Chair of Construction Economics, volume 7, number 7.
    3. A. V. Thomas & Satyanarayana Kalidindi & L. S. Ganesh, 2006. "Modelling and assessment of critical risks in BOT road projects," Construction Management and Economics, Taylor & Francis Journals, vol. 24(4), pages 407-424.
    4. Irem Dikmen Ozdoganm & M. Talat Birgonul, 2000. "A decision support framework for project sponsors in the planning stage of build-operate-transfer (BOT) projects," Construction Management and Economics, Taylor & Francis Journals, vol. 18(3), pages 343-353.
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    Cited by:

    1. Thanh Nguyen, Phong & Likhitruangsilp, Veerasak & Onishi, Masamitsu, 2017. "Success Factors for Public-Private Partnership Infrastructure Projects in Vietnam," MPRA Paper 103508, University Library of Munich, Germany, revised 19 Feb 2019.

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    More about this item

    Keywords

    Concern Factors; Different Perceptions; Investment; Public-Private Partnership; Transportation; Vietnam;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General

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