Show simple item record

contributor authorFikreyesus Demeke Cherkos
contributor authorKumar Neeraj Jha
date accessioned2022-01-30T20:46:05Z
date available2022-01-30T20:46:05Z
date issued11/1/2020 12:00:00 AM
identifier other%28ASCE%29LA.1943-4170.0000434.pdf
identifier urihttp://yetl.yabesh.ir/yetl1/handle/yetl/4267079
description abstractDespite previously successfully delivery of toll roads through public-private partnership (PPP), inexperienced (new) markets are more susceptible to failures due to the complexities involved in this approach, which have created distrust in inexperienced road sector markets in considering implemention of PPP. These markets lack the identification of both potential failure reasons and factors that enable the successful implementation of PPP projects for the first time. Therefore, this study aims to identify possible failure reasons and enablers of PPP implementation in new road sector markets. To this aim, the study employed a comparative cross-case study aggregation technique on document data collected from PPP projects implemented without previous experience of partnership in the road sector, namely the Dakar-Diamniadio toll highway (DDTH) from Senegal and the Lekki-Epe expressway (LEE) in Nigeria. The analysis identified reasons that played important roles in the projects’ success and failure. The DDTH was successfully implemented through PPP due to the early formation of a legal and institutional structure, the hiring of advisory services, stakeholders’ consultation, government commercial viability gap financing, and the implementation of improved risk allocation mechanism to prevent transfer of macroeconomic risk to the end-users. These factors enabled the successful implementation of DDTH, whereas the same acted as the failure reasons in the LEE project, leading to its early termination. The result of this study may help inexperienced markets avoid project failures by taking mitigation measures at an early stage.
publisherASCE
titleEnabling Successful Application of PPPs in New (Inexperienced) Markets: Implications of PPPs’ Success and Failure in Toll Roads
typeJournal Paper
journal volume12
journal issue4
journal titleJournal of Legal Affairs and Dispute Resolution in Engineering and Construction
identifier doi10.1061/(ASCE)LA.1943-4170.0000434
page13
treeJournal of Legal Affairs and Dispute Resolution in Engineering and Construction:;2020:;Volume ( 012 ):;issue: 004
contenttypeFulltext


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record