Factors for PPP project success in developing countries

Abstract

Over 62 academic articles published between 1992 and 2014 form the knowledge base for the articulation of economic, political, financial, technical, legal and social critical success factors (CSFs) for public private partnership (PPP) projects (Chou, Tserng, Lin, & Yeh, 2012; Hwang, Zhao, & Gay, 2013; Ng, Wong, & Wong, 2012; Xie & Ng, 2013; Zou, Kumaraswamy, Chung, & Wong, 2014). Of the 36 unique CSF factors identified, a third describe institutional factors. This research proposed that for a developing country exhibiting political risk to successfully deliver on their PPP project pipeline so as to ensure the contagion effect on their economy, that the relative importance of factors characterising the institutional environment, be assessed in relation to other CSFs identified by previous academic research. The objective of this research was to determine, through an empirical comparison, if a developing country exhibiting a degree of political risk, would place a similar level of importance on institutional factors when compared to other CSFs for PPP projects identified and rated in literature for other contexts.