DIFFERENT PERCEPTIONS OF CONCERN FACTORS FOR STRATEGIC INVESTMENT OF THE PRIVATE SECTOR IN PUBLIC-PRIVATE PARTNERSHIP TRANSPORTATION PROJECTS

Authors

  • Do Tien Sy Department of Civil Engineering, Chulalongkorn University
  • Veerasak Likhitruangsilp Department of Civil Engineering, Chulalongkorn University
  • Masamitsu Onishi Department of Planning and Management Systems, Kyoto University
  • Phong Thanh Nguyen Department of Project Management, Ho Chi Minh City Open University

DOI:

https://doi.org/10.11113/aej.v7.15493

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 including political 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.

Downloads

Published

2017-12-01

Issue

Section

Civil Engineering

How to Cite

DIFFERENT PERCEPTIONS OF CONCERN FACTORS FOR STRATEGIC INVESTMENT OF THE PRIVATE SECTOR IN PUBLIC-PRIVATE PARTNERSHIP TRANSPORTATION PROJECTS. (2017). ASEAN Engineering Journal, 7(2), 66-86. https://doi.org/10.11113/aej.v7.15493