Over the last ten years public private partnerships have become ever more popular worldwide, expanding the body of experience among construction professionals, government agencies, and industry. In these economically challenging times, PPP has emerged as a crucial framework for providing infrastructure, and also to boost construction industry activity, while shielding the taxpayer from some of the cost. Understanding the lessons learnt is essential to ensuring the success of future projects, and this timely book will prepare the reader to do just that.
Starting by defining PPP itself, part one is designed to help the novice to get to grips with the basics of this topic. Part two tackles the practicalities of PPPs, including successful implementation, managing the risks involved, and how to assess the suitability of a project for the PPP route. Part three presents detailed case studies from Asia, Africa, and Australia to illustrate how PPPs should be managed, how problems emerge, and how PPPs can differ across the world.
Drawing on extensive internationally conducted research, from both industry and academia, the authors have written the essential PPP guide. Taking into consideration the perspectives of those in the public sector and the private sector, as well as built environment professionals, it is essential reading for anyone preparing to work on public private partnerships in construction.
Table of Contents
Foreword Preface Abbreviations Part 1: Public Private Partnership Principles 1. Fundamentals and Features of Public Private Partnerships 2. Financial Models for Public Works Projects 3. The Development of Public Private Partnerships Internationally Part 2: Practitioners' Perspectives of the Public Private Partnership 4. Different Perspectives on Procuring Public Works Projects 5. Attractive and Negative Factors of Procuring Public Works by PPP 6. Implementing PPP Projects 7. An Evaluation Model for Assessing the Suitability of Public Private Partnership 8. Risk Factors of Public Private Partnerships Part 3: Public Private Partnership Case Studies 9. Innovative Social PPP Projects 10. Learning from Less Successful Cases 11. Public Private Partnerships in the Development World Epilogue References
Albert P.C. Chan is an Associate Head and Professor in the Department of Building and Real Estate of The Hong Kong Polytechnic University, an Adjunct Professor of the Queensland University of Technology, the University of South Australia and Bond University in Australia; and the Huaqiao University of the PRC. He had 5 years hands-on experience in the field of construction management before changing to an academic career in 1987. He is a Chartered Builder, Engineer, Project Manager and Surveyor by profession. He was also a Founding Director of the Construction Industry Institute, Hong Kong, which is a joint research institution developed by the industry and the academia.
Esther Cheung is a Programme Manager in the subject area of Housing and Built Environment at the College of Humanities and Law, HKU SPACE. She has previously worked as a Postdoctoral Fellow and a Tutor for Construction Management at the Department of Building and Real Estate, The Hong Kong Polytechnic University. Her PhD was completed from the School of Built Environment, Queensland University of Technology, Australia looking at developing a best practice framework for implementing Public Private Partnership (PPP) in Hong Kong. She also has an MPhil degree from the Department of Civil Engineering, The Hong Kong Polytechnic University, and a BEng (Hons) degree in Environmental Engineering from The University of Nottingham in England.