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The purpose of this paper is to study two objectives. First, it intends to scrutinize the challenges in implementing Public Private Partnership (PPP) by examining the factors that hinder the successful adoption of PPP in Malaysia. Second, it aims to investigate the differences in the perceptions of the government and the private sector pertaining to the hindrance factors.

A questionnaire survey was used to elicit the perceptions of the public and private sectors concerning the constraints of PPP implementation in Malaysia. A total of 122 usable responses were obtained, which were analysed using Statistical Package for Social Sciences software. The mean score and mean score ranking were used to examine the importance of the hindrance factors based on the overall responses as well as on the respective responses of the public and the private sectors. An independent sample t-test was used to examine the differences in the perceptions between the two sectors.

The overall results show that “lengthy delays in negotiation”, “lack of government guidelines and procedures on PPP”, “higher charge to direct users”, “lengthy delays because of political debate” and “confusion over government objectives and evaluation criteria” are the top five constraints for adopting PPP in Malaysia. In terms of the differences in the perceptions between the public and private sector groups, the statistical test results indicate that there are only significant differences in the perceptions for two hindrance factors.

The paper contributes to the existing literature on PPP, which is currently limited, by focusing on the challenges of implementing PPP in a developing country (i.e. Malaysia). More importantly, this paper provides evidence concerning the differences in the opinion of two key players (i.e. the government and the private sector) on the PPP hindrance factors.

Despite being a global public–private partnerships (PPPs) leader, India faces a vast PPP divide at a sub-national level, wherein a few states receive the majority of PPP projects, whereas other states face severe issues in attracting PPP investments. This necessitates the identification of factors that make some states attractive to PPP investors. The purpose of this study is to construct a “PPP readiness index” at the Indian state-level, which aims to assess the readiness of states for the diffusion of PPPs.

Using a quantitative method on secondary data, the study scores 17 Indian states on dimensions such as experience with PPPs, physical infrastructure, financial sector development, market conditions, institutional quality and political stability and fiscal constraints for each of the years during 2009–2018. Principal component analysis is used for assigning weights to the dimensions, thereby arriving at the composite index.

Results highlight that Tamil Nadu and Maharashtra offer the most favorable environment for PPPs to flourish. In contrast, Jharkhand and Bihar are laggards because they score the least and have limited PPP experience.

The index will assist the private sector in conducting a comparative analysis between state-specific PPP arrangements, thereby enabling them to make informed decisions prior to forging PPP arrangements. Further, the index will help the state governments in improving their PPP readiness by following the policies of the leading states.

Improvement in PPP readiness of the states will enable higher PPP investments in infrastructure, thereby reducing infrastructure deficits. This, in turn, will lead to economic growth, development and an improvement in the quality of life.

To the best of the authors’ knowledge, this is the first study that comprehensively analyzes the PPP readiness at a sub-national level in India.

The purpose of this paper is to develop a best practice framework for PPP implementation for construction projects in Ghana.

This study adopted a multi-stage critical review and analysis of past studies on the attributes of PPP implementation (i.e. critical success factors/success criteria for PPP, reasons/drivers for adopting PPP, obstacles/implementation constraints in PPP and risks in PPP) with much focus in Ghana. Furthermore, other governments’ and international PPP guidelines were reviewed for cross validation purposes. In addition, questionnaire survey with PPP experts in Ghana was conducted to validate the proposed best practice framework.

From the search, 16 publications in leading construction management journals were identified. A thorough content analysis of the identified papers produced 151 best practices for construction PPPs in Ghana. The best practices were then incorporated into the PPP process in Ghana to develop the best practice framework.

The major limitation lies in the fact that few publications were targeted for analysis; however, the findings are still useful for future reference because the PPP concept is still developing in Ghana, therefore few publications are found in leading construction management journals. Another limitation is that the best practice framework was not validated using real-life cases, thus it is suggested that future research will adopt the framework and test it on real projects to measure its effectiveness.

The outputs of this study considerably inform local practitioners in developing countries particularly Ghana and other African countries of the strategic measures that need to be carefully considered within the PPP process so as to implement successful construction PPP projects. The best practice framework also helps to standardize the practice of PPP in Ghana.

The purpose of this paper is to provide a critical assessment of legal and regulatory impediments to effective governance of public-private partnerships (PPPs) in Kazakhstan.

The qualitative study develops propositions from the PPP literature and then tests them against findings from in-depth interviews. Interviewees have been selected by a purposeful sampling from PPP projects in Kazakhstan as well as from national and regional PPP centres.

The identified barriers to effective PPP management include irregularities in the PPP legal framework, such as lack of legal definition of a PPP and controversy with the government guarantee’s legal status for its long-term payments to partnerships; bureaucratic tariff setting for partnership services; non-existent opportunity for private asset ownership; and excessive government regulation of PPP workers’ wage rates.

The partners’ opposing perspectives on a number of PPP issues show that management needs to identify and carefully reconcile stakeholder values in a partnership in order to achieve more effective PPP governance. Practitioners, particularly those in the public agencies, have to be concerned with ways to reduce the government overregulation of the private operators, which is likely to result in greater PPP flexibility in management and, ultimately, higher efficiency in delivering the public services.

By elucidating multiple examples of overregulation and PPPs’ inefficiency, the paper demonstrates that the government dominance in PPP management is conceptually inappropriate. Instead, the government should adopt the concept of co-production and manage its relations with the private sector partner in a collaborative fashion.

Governments in developing countries seeking to meet their infrastructure backlog are increasingly turning to public–private partnerships (PPP) due to a lack of public funds. However, while there are factors which drive the current uptake of projects, there are challenges with attracting private finance, and it is not clear what incentives can be used to attract more private participation, especially in sub-Saharan Africa (SSA). Therefore, this study aims to examine challenges, drivers and incentives that affect private participation in PPP projects in Zambia.

The study used a qualitative approach with semi-structured interviews with participants who had first-hand experience working on the administration of PPP projects. The participants were predominantly from the public sector, and so the results are largely a public sector perspective on the matter.

The findings show that bureaucracy and a poor business environment emanating from poor policies, long procedures and a poor economic environment are the main challenges affecting PPP projects. The current demand for the projects is being driven by a stable business and economic environment while incentives include enhancing the business environment by improving procedures and policies.

The study contributes to extant literature by proposing an overarching theory about the challenges affecting the implementation of PPP projects in Zambia, in particular, and in SSA, in general. The results show areas where governments and government agencies responsible for PPP projects can focus attention to promote private participation.

The purpose of this paper is to identify and rank policy and regulatory framework factors and inherent pitfalls in the delivery of Tanzanian public–private partnerships (PPPs) affordable housing schemes. The strength of interactions between pitfalls is established, with practical solution proposals offered.

Primary data were collected from questionnaires administered to 28 Tanzanian stakeholders. Semi-structured interviews with public and private sector respondents then complemented survey findings with proposed solutions. The quantitative data were analysed using descriptive statistics, mean scores, parametric tests and correlation analyses. Directed content analysis was used for the interview transcripts.

Results show that “current PPP policy and guidelines need further improvement” and “Tanzania has a PPP policy and clear regulatory framework” were rated higher as policy and regulatory factors. In contrast, “poor planning skills and analytical capacity”, “high cost of building materials” and “inadequate access to housing finance” were the critical pitfalls. Most practical solutions were broadly financial in nature, or related to training, project management or PPP-enabling environment.

The paper provides solutions that can be tailored to international practitioners interested in understanding the effects of PPP policy, regulatory issues and pitfalls on Sub-Saharan Africa and other similar developing economies.

This paper aims to empirically investigate the differences and similarities on the implementation constraints in public–private partnership (PPP) in developing and developed economies/countries, represented by Ghana and Hong Kong, respectively.

A questionnaire survey was conducted with relevant experienced PPP practitioners in Ghana and Hong Kong. One hundred and three completed questionnaires were received for analysis. Kendall’s coefficient of concordance analysis, mean score ranking, Mann–Whitney U test and quartile grouping were used for data analysis.

The results show six implementation constraints with significant differences. Constraints related to the general investment climate of PPP projects (i.e. ecological conditions of PPP) are ranked higher in Ghana than in Hong Kong, whereas constraints related to the organisation and negotiations of PPP projects are higher in Hong Kong than in Ghana. Further, two constraints, lengthy delay in finalising negotiations and lengthy delay due to political debate, are very critical in both jurisdictions, whereas “negative public perceptions on PPP transactions” and “high use of unsolicited proposals” are of less challenge in the implementation of PPP in both jurisdictions.

The findings of this study contribute to knowledge on the international best practices of PPP. In addition, international private bidders would be informed of the mitigation measures to adopt when engaging in PPP arrangements in any part of the world, whether in a developing or developed economy country.

Public-private partnership (PPP) growth is often related to infrastructure development needs and public debt increase. Despite huge infrastructure (re)construction needs, the number of PPP projects in Croatia has been rather small so far. The purpose of this paper is to analyse the prospects for PPP projects development in Croatia in the near future. It is examined whether the stance of local authorities towards implementing PPP projects depends more on the necessity of developing infrastructure needs of local citizens or on the available funds for capital investments in local budgets, which are, after covering all operational expenditures, scarce.

The Municipal Assemblies in European Local Governance (MAELG) survey data for Croatia are combined with available secondary data on local budgets’ revenues and expenditures in the period from 2008 to 2010 for the surveyed local government units. The differences between the answers of local representatives were tested for statistical significance by Pearson χ2 test, while ANOVA is used for testing statistical significance of budgetary data comparison. Some descriptive statistics’ results are also used. Apart from the quantitative data, qualitative research on PPPs, especially for fiscally constraint governments is used throughout the paper.

The main findings of the paper are that most Croatian local units are severely fiscally constraint to implement any capital projects. Their public revenues are often reserved for covering operational expenditures only. Since local representatives are mostly affirmative towards private sector involvement in providing public services, there is a room for PPP projects in Croatia. Due to the fact that every PPP contract requires active participation of the public partner, two possible solutions are proposed: pooled financing with a possible option of project’ bonds issuance to institutional investors and engaging publicly owned assets into infrastructure projects’ development.

The value of this paper is that it showed that there is little room for financing infrastructure development in Croatia if budgetary rules are followed straightforward. The paper aims to show fiscally constraint local governments a possible way for financing capital projects and rendering public services to their citizens. These solutions may also be applied in other indebted countries, especially if they own a significant portion of public assets.

The study analyzes significant parameters defining the credit worthiness, economic viability and managerial efficiency of special purpose vehicles (SPVs) of infrastructure development firms engaged in the execution of road projects under PPP model in India.

The study is based on a comprehensive review of credit rating reports of major rating agencies. In particular, 18 special purpose vehicles (13 BOT-toll–based and 5 BOT-annuity–based road projects) during the period 2010–2019 were considered to conduct a comparative analysis of their rating progression. Considering both financial as well as nonfinancial parameters, their segregation was done on the basis of strengths, constraints and key rating sensitivities influencing the ratings of SPVs involved in road projects under PPP model.

Promoters' credibility emerged as an important factor affecting PPP credit ratings. Other prominent factors included nature of stretch and regulatory terms and conditions and the project's potential to generate cash flows. Inability of PPP projects to generate the projected levels of toll collections was a major constraint and hampered ratings over time. Growth in traffic was a key sensitive area in a toll-based project. Interestingly, despite the fixed nature of revenues, BOT (annuity) projects were impacted by rating changes.

Fewer sample projects (for which the data were available) was a constraint. Future research could consider larger data sets to provide deeper insights. An examination of credit rating parameters using rating reports of projects in other developing nations could provide meaningful implications. The findings of this research however cannot be undermined as the study bridges a gap in existing literature pertaining to the examination of PPP model from a credit rating perspective.

This study would guide project developers, government agencies and awarding agencies of PPP road projects to anticipate the challenges and take adequate steps to mitigate them.

Research in the area of PPP projects is skewed toward risk assessment with respect to financial parameters. The present study emphasizes the rating framework of SPVs. Comprehensive examination of factors affecting project ratings in the form of projects' strengths, constraints and sensitivities would provide inputs to academics and researchers.

Public private partnership (PPP), which has been operating in China for over 20 years. In addition, an increased focus on value for money in the public sector has led to a need to improve the efficiency of the management, delivery and effectiveness of public services, especially at the local level. This paper aims to examines the PPP system and the problems yet to be overcome at a time when China is seeking to widen the use of PPP in sectors as yet not open to it.

The paper examines the current PPP system in China and identifies the constraints facing it in the context of several models of bureaucracy arguing that these are as valid in China as they have been in the West.

The paper argues that there are five key constraints present in the Chinese PPP system and that these are fundamentally associated with risks of various types.

Extending PPP in China will require significant reform of public sector administration, closer supervision, transparent regulatory systems and easier access to capital for local private sector firms.

This paper should be of interest to both academics and practitioners in the field of PPP in terms of theoretical debate, key issues and the specific prospects for PPP in China.