Critical success factors for transport PPP projects – A multinational assessment from the Islamic countries

IF 4.1 2区工程技术 Q2 BUSINESS

Research in Transportation Business and Management Pub Date : 2025-02-15 DOI:10.1016/j.rtbm.2025.101304

İsmail Çağrı Özcan

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引用次数: 0

Abstract

The growing literature on the critical success factors (CSFs) of the public-private partnership (PPP) projects mostly focus on one or a couple countries generally from several Asian economies or developed countries. This study, on the other hand, analyzes a large sample of Islamic countries (many of which remained untouched before) from Middle East and North Africa, Sub-Saharan Africa, and Asia. Based on a sample of 36 transport experts working in the government from 25 Islamic countries, this paper employs a questionnaire survey to evaluate how they assess the CSFs in the transport PPP projects. According to the responses to the questionnaires, financial strength of the private partner, political support, political stability, effective monitoring of the private partner, and favorable legal framework are the top five CSFs. In addition, our complementary factor analysis groups 18 CSFs into five factor groupings such as (i) transparent and competitive bidding, (ii) financial strength and stability, (iii) effective relationships between public and private parties, (iv) financial markets and risk management, and (v) public and political support. The findings reported can help policy makers better design the PPP procedures, reduce the associated risks, and ensure value for money.

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来源期刊

Research in Transportation Business and Management Multiple-

CiteScore

7.10

自引率

8.30%

发文量

175

期刊介绍： Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector