How to cite this paper
Malek, M & Gundaliya, P. (2021). Value for money factors in Indian public-private partnership road projects: An exploratory approach.Journal of Project Management, 6(1), 23-32.
Refrences
Akintoye, A., & Hardcastle, C., & Beck, M., & Chinyio, E., & Asenova, D. (2003). Achieving best value in private finance initiative project procurement. Construction Management and Economics, 21(5), 461-470.
Ameyaw, C., Adjei-Kumi, T., & Owusu-Manu, D.-G. (2015). Exploring value for money (VfM) assessment methods of public-private partnership projects in Ghana. Journal of Financial Management of Property and Construction, 20(3), 268–285.
Bain, R. (2010). Public sector comparators for UK PFI roads: inside the black box. Transportation, 37, 447–47.
Boussabaine, H. A. (2007). Cost Planning of PFI and PPP building projects. New York: Taylor & Francis.
British Columbia. (1999). Public-Private Partnership – A Guide for Local Government Ministry of Municipal Affairs. British Columbia Government.
Burger, P., & Hawkesworth, I. (2011). How to attain value for money: comparing PPP and traditional infrastructure public procure-ment. OECD Journal on Budgeting, 11(1), 91-146.
Chan, D.W.M., Chan, A.P.C., & Lam, P.T.I. (2006, April 10-13). A feasibility study of the implementation of the public-private part-nership (PPP) in Hong Kong. Proceedings of the CIB W89 International Conference on Building Education and Research. Great-er Manchester: University of Salford.
Chaturvedi, D.K. (2009). Final report of the BKC Committee on NHDP.
Cheung, E., Albert, P.C., & Kajewski, S. L. (2009). Enhancing value for money in public-private partnership projects: findings from a survey conducted in Hong Kong and Australia compared to findings from previous research in the UK. Journal of Financial Management of Property and Construction, 14(1), 7-20.
Cheung, E. (2009). Developing a Best Practice Framework for Implementing Public-Private Partnerships (PPP) in Hong Kong. (Ph.D. thesis). School of Urban Development, Faculty of Built Environment and Engineering. The Queensland University of Technolo-gy, Brisbane, Australia.
Henjewele, C., Sun, M., & Fewings, P. (2011). Critical parameters influencing value for money variations in PFI projects in the healthcare and transport sectors. Construction Management and Economics, 29(8), 825-839.
Coakes, S. J. (2005). SPSS: Analysis without Anguish: Version 12.0 for Windows. Sydney, Australia: Willey & sons Australia Ltd.
Corbett, P., & Smith, R. (2006, October 2-4). An analysis of the success of the Private Finance Initiative as the Government's preferred procurement route. Proceedings of the Accelerating Excellence in the Built Environment Conference, Birmingham, United King-dom.
Economic Survey (2007-08). Ministry of Finance. New Delhi, India: Government of India. Retrieved from https://www.indiabudget.gov.in/budget_archive/es2007-08/esmain.htm
European PPP Expertise Centre (EPCE) (2011). The Non-Financial Benefits of PPPs: A Review of Concepts and Methodology. Lux-embourg. June. Retrieved from https://www.eib.org/epec/resources/epce-non-financial-benifits-of-ppps-public.pdf.
Farrah, T. (2007, February 14). Brumby wins battle to keep East Link costs secret. Retrieved from http://www.theage.com.au/news/national/brumby-wins-battle-to-keepeastlinkcosts- secret/2007/02/13/1171128974031.html
Ferguson, G. A., & Takane, Y. (1989). Regression and Correlations. Statistical Analysis in Psychology and Education (6th ed., pp. 133-382). New York: McGraw-Hill.
Grimsey, D., & Lewis, M. (2004). Public-private partnerships: The worldwide revolution in infrastructure provision and project fi-nance. Northampton, MA: Edward Elgar Publishing, Cheltenham, UK.
Gupat, A. (2013). Identification and ranking of critical success factors for BOT projects in India. Management Research Review, 36(11), 1040-1060.
Gunjeet, K., Sanjib, B., & Raj, R. (2009). An Empirical Investigation of the Inter-Sectoral Linkages in India. Reserve Bank of India Occasional Papers, 30(1), 29-72.
Gunnigan, L., and Eaton, D. (2006, April). Addressing the challenges that are emerging in the continued increase in PPP use in the Republic of Ireland. Proceedings of the CIBW89 International Conference on Building Education and Research, CIB, Hong Kong.
Guoqian Ren, Li, H., Ding, R., Zhang, J., Boje, C., & Zhang, W. (2019). Developing an information exchange scheme concerning value for money assessment in Public-Private Partnerships. Journal of Building Engineering, 100828.
Hwang, B. G., Zhao, X., & Gay, M. J. S. (2013). Public private partnership projects in Singapore: Factors, critical risks and preferred risk allocation from the perspective of contractors. International Journal of Project Management, 31(3), 424-433.
International Transport Forum (ITF) (2018). Private Investment in Transport Infrastructure Dealing with Uncertainty in Contracts, Paris (Research Report) ITF/OECD. https://www.itf-oecd.org/sites/default/files/docs/private-investment-transport-infrastruture.pdf
Ingall, P. (1997, December 11). London Underground's Connect Project. Retrieved May 1, 2007
Ismail, S. (2013). Drivers of value for money public-private partnership projects in Malaysia. Asian Review of Accounting, 21(3), 241–256. doi:10.1108/ara-06-2013-0042
Jasiukevicius, L. & Vasiliauskaite, A. (2018). The assessment of public-private partnership’s possibilities to optimize investments in public infrastructure. Engineering Economics, 29(1), 32-45. https://doi.org/10.5755/j01.ee.29.1.19101
Jilek, P., Silovska, H. C., Kolarik, P. & Lukavec, M. (2018). The assessment of public-private partnership’s possibilities to optimize investments in public infrastructure. Transylvanian Review of Administrative Sciences, 54, 38-54.
Koppenjan, J. F. (2005). The formation of public-private partnerships: Lessons from nine transport infrastructure projects in the Netherlands. Public Administration, 83(1), 135- 157.
Kweun, J. Y., Wheeler, P. K., & Gifford, J. L. (2018). Evaluating highway public-private partnerships: Evidence from U.S. value for money studies. Transport Policy, 62, 12–20.
Levin, R. I., Rubin, D. S., Rastogi, S., and Siddiqui, M. H., (2013). Statistics for Management (7th Ed.). India: Dorling Kindersley (India) Pvt. Ltd., licensees of Pearson Education in South Asia.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005a). The allocation of risk in PPP/PFI construction projects in the UK. In-ternational Journal of Project Management, 23(1), 25-35.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005b). Critical success factors for PPP/PFI projects in the UK construction industry. Construction Management and Economics, 23(5), 459-471.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005c). Perceptions of positive and negative factors influencing the attrac-tiveness of PPP/PFI procurement for construction projects in the UK – Findings from a questionnaire survey. Engineering, Con-struction, and Architectural Management, 12(2), 125-148.
Liu, F., Liu, J., & Yan, X. (2018). Quantifying the Decision-Making of PPPs in China by the Entropy-Weighted Pareto Front: A URT Case from Guizhou. Sustainability, 10(6), 1753. doi:10.3390/su10061753
Malek, S. (2016). Evaluation of Effectiveness of PPP for Road Projects in Gujarat (Doctoral dissertation), School of Building Science and Technology, CEPT University, Ahmedabad, India.
Mathur, S. (2014). Public-Private Partnership in Infrastructure - A Study on Roads and Highway Projects in Andhra Pradesh (Doctoral dissertation), Department of Business Management Osmania University, Hyderabad, India. Retrieved
Mendenhall, W. (1971). Introduction to Probability and Statistics. (3rd Ed.) Belmont, California: Duxbury Press.
Merna, T., & Owen, G. (1998). Understanding the private finance initiative: The new dynamics of project finance. Hong Kong: Asia Law and Practice Publishing Limited.
Morallos, D., Amekudzi, A., Ross, C., & Meyer, M. (2009). Value for money analysis in U.S. transportation public-private partner-ships. Transportation Research Record: Journal of the Transportation Research Board, 2115(1), 27–36. doi:10.3141/2115-04
Mustafa, A. (1999). Public-private partnership: An alternative institutional model for implementing the private finance initiative in the provision of transport infrastructure. The Journal of Structured Finance, 5(2), 64-79.
Ng, S. T., & Wong, Y. M. (2006). Adopting non-privately funded public-private partnerships in maintenance projects: A case study in Hong Kong. Engineering, Construction, and Architectural Management, 13(2), 186-200.
NHDP & Other NHAI Projects. (2013, May 31). Retrieved July 15, 2013, from http://www.nhai.org
Nyagwachi, J. N. (2008). South African Public-Private Partnership (PPP) Projects. (Ph.D. thesis). Faculty of Engineering, The Built Environment and Information Technology, Nelson Mandela Metropolitan University, South Africa.
Penyalver, D., Turro, M., & Williamson, J. B. (2019). Measuring the value for money of transport infrastructure procurement; an in-tergenerational approach. Transportation Research Part A: Policy and Practice, 119(2019), 238-254.
Robert, O. – K., Dansoh, A., & Ofori – Kuragu, J. K. (2014). Reasons for adopting the public-private partnership (PPP) for construc-tion projects in Ghana. International Journal of Construction Management, 14(4), 227–238.
Romano, G., Molinos-Senante, M., & Guerrini, A. (2017). Water utility efficiency assessment in Italy by accounting for service quality: An empirical investigation. Utilities Policy, 45, 97-108.
So, K.K.L., Chung, K.L., and Cheung, M.M.S. (2007, March). Public-Private Partnership in infrastructure development in Hong Kong - past and future trends. Proceedings of the 5th International Conference on Construction Project Management / 2nd Inter-national Conference on Construction Engineering and Management, Singapore: Nanyang Technological University.
Susan Newberry (2011). Financial black holes: Accounting for privately financed roads in the UK, European Accounting Review, 20(1), 196-198, DOI: 10.1080/09638180.2011.566679
Thomas, A. V., Kalindini S. N., & Ananthanarayanan, K. (2003). Risk Perception Analysis of BOT road Project Participants in In-dia. Construction Management and Economics, 21(4), 393-407. doi:10.1080/0144619032000064127.
Tsamboulas, D., Verma, A., & Moraiti, P. (2013). Transport infrastructure provision and operations: Why should governments choose private-public partnerships? Research in Transportation Economics, 38(1), 122–127.
Walker, C., & Smith, A. J. (1995). Privatized Infrastructure: The Build Operate Transfer approach. London: Thomas Telford.
Wang, S. Q., & Tiong, R. L., & Ting, S. K., & Ashley, D. (2000). Evaluation and management of political risks in China's BOT pro-jects. Journal of Construction Engineering and Management, 126(3), 242-250.
World Bank (2014). Public-Private Partnerships Reference Guide. Version 2. Washington D.C.
Zhang, X., & AbouRisk, S.S. (2006, April). Relational concession in infrastructure development through public-private partnerships. Proceedings of the CIB W89 International Conference on Building Education and Research, Hong Kong: CIB.
Zwalf, S. (2017). Competitive neutrality in public-private partnership evaluations: a non-neutral interpretation in comparative per-spective. Asia Pacific Journal of Public Administration, 39(4), 225-237. doi:10.1080/23276665.2017.1391454
Zwalf, S., Hodge, G., & Alam, Q. (2017). Choose your own adventure: Finding a suitable discount rate for evaluating value for mon-ey in public-private partnership proposals. Australian Journal of Public Administration, 76(3), 301–315.
Ameyaw, C., Adjei-Kumi, T., & Owusu-Manu, D.-G. (2015). Exploring value for money (VfM) assessment methods of public-private partnership projects in Ghana. Journal of Financial Management of Property and Construction, 20(3), 268–285.
Bain, R. (2010). Public sector comparators for UK PFI roads: inside the black box. Transportation, 37, 447–47.
Boussabaine, H. A. (2007). Cost Planning of PFI and PPP building projects. New York: Taylor & Francis.
British Columbia. (1999). Public-Private Partnership – A Guide for Local Government Ministry of Municipal Affairs. British Columbia Government.
Burger, P., & Hawkesworth, I. (2011). How to attain value for money: comparing PPP and traditional infrastructure public procure-ment. OECD Journal on Budgeting, 11(1), 91-146.
Chan, D.W.M., Chan, A.P.C., & Lam, P.T.I. (2006, April 10-13). A feasibility study of the implementation of the public-private part-nership (PPP) in Hong Kong. Proceedings of the CIB W89 International Conference on Building Education and Research. Great-er Manchester: University of Salford.
Chaturvedi, D.K. (2009). Final report of the BKC Committee on NHDP.
Cheung, E., Albert, P.C., & Kajewski, S. L. (2009). Enhancing value for money in public-private partnership projects: findings from a survey conducted in Hong Kong and Australia compared to findings from previous research in the UK. Journal of Financial Management of Property and Construction, 14(1), 7-20.
Cheung, E. (2009). Developing a Best Practice Framework for Implementing Public-Private Partnerships (PPP) in Hong Kong. (Ph.D. thesis). School of Urban Development, Faculty of Built Environment and Engineering. The Queensland University of Technolo-gy, Brisbane, Australia.
Henjewele, C., Sun, M., & Fewings, P. (2011). Critical parameters influencing value for money variations in PFI projects in the healthcare and transport sectors. Construction Management and Economics, 29(8), 825-839.
Coakes, S. J. (2005). SPSS: Analysis without Anguish: Version 12.0 for Windows. Sydney, Australia: Willey & sons Australia Ltd.
Corbett, P., & Smith, R. (2006, October 2-4). An analysis of the success of the Private Finance Initiative as the Government's preferred procurement route. Proceedings of the Accelerating Excellence in the Built Environment Conference, Birmingham, United King-dom.
Economic Survey (2007-08). Ministry of Finance. New Delhi, India: Government of India. Retrieved from https://www.indiabudget.gov.in/budget_archive/es2007-08/esmain.htm
European PPP Expertise Centre (EPCE) (2011). The Non-Financial Benefits of PPPs: A Review of Concepts and Methodology. Lux-embourg. June. Retrieved from https://www.eib.org/epec/resources/epce-non-financial-benifits-of-ppps-public.pdf.
Farrah, T. (2007, February 14). Brumby wins battle to keep East Link costs secret. Retrieved from http://www.theage.com.au/news/national/brumby-wins-battle-to-keepeastlinkcosts- secret/2007/02/13/1171128974031.html
Ferguson, G. A., & Takane, Y. (1989). Regression and Correlations. Statistical Analysis in Psychology and Education (6th ed., pp. 133-382). New York: McGraw-Hill.
Grimsey, D., & Lewis, M. (2004). Public-private partnerships: The worldwide revolution in infrastructure provision and project fi-nance. Northampton, MA: Edward Elgar Publishing, Cheltenham, UK.
Gupat, A. (2013). Identification and ranking of critical success factors for BOT projects in India. Management Research Review, 36(11), 1040-1060.
Gunjeet, K., Sanjib, B., & Raj, R. (2009). An Empirical Investigation of the Inter-Sectoral Linkages in India. Reserve Bank of India Occasional Papers, 30(1), 29-72.
Gunnigan, L., and Eaton, D. (2006, April). Addressing the challenges that are emerging in the continued increase in PPP use in the Republic of Ireland. Proceedings of the CIBW89 International Conference on Building Education and Research, CIB, Hong Kong.
Guoqian Ren, Li, H., Ding, R., Zhang, J., Boje, C., & Zhang, W. (2019). Developing an information exchange scheme concerning value for money assessment in Public-Private Partnerships. Journal of Building Engineering, 100828.
Hwang, B. G., Zhao, X., & Gay, M. J. S. (2013). Public private partnership projects in Singapore: Factors, critical risks and preferred risk allocation from the perspective of contractors. International Journal of Project Management, 31(3), 424-433.
International Transport Forum (ITF) (2018). Private Investment in Transport Infrastructure Dealing with Uncertainty in Contracts, Paris (Research Report) ITF/OECD. https://www.itf-oecd.org/sites/default/files/docs/private-investment-transport-infrastruture.pdf
Ingall, P. (1997, December 11). London Underground's Connect Project. Retrieved May 1, 2007
Ismail, S. (2013). Drivers of value for money public-private partnership projects in Malaysia. Asian Review of Accounting, 21(3), 241–256. doi:10.1108/ara-06-2013-0042
Jasiukevicius, L. & Vasiliauskaite, A. (2018). The assessment of public-private partnership’s possibilities to optimize investments in public infrastructure. Engineering Economics, 29(1), 32-45. https://doi.org/10.5755/j01.ee.29.1.19101
Jilek, P., Silovska, H. C., Kolarik, P. & Lukavec, M. (2018). The assessment of public-private partnership’s possibilities to optimize investments in public infrastructure. Transylvanian Review of Administrative Sciences, 54, 38-54.
Koppenjan, J. F. (2005). The formation of public-private partnerships: Lessons from nine transport infrastructure projects in the Netherlands. Public Administration, 83(1), 135- 157.
Kweun, J. Y., Wheeler, P. K., & Gifford, J. L. (2018). Evaluating highway public-private partnerships: Evidence from U.S. value for money studies. Transport Policy, 62, 12–20.
Levin, R. I., Rubin, D. S., Rastogi, S., and Siddiqui, M. H., (2013). Statistics for Management (7th Ed.). India: Dorling Kindersley (India) Pvt. Ltd., licensees of Pearson Education in South Asia.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005a). The allocation of risk in PPP/PFI construction projects in the UK. In-ternational Journal of Project Management, 23(1), 25-35.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005b). Critical success factors for PPP/PFI projects in the UK construction industry. Construction Management and Economics, 23(5), 459-471.
Li, B., Akintoye, A., Edwards, P. J., & Hardcastle, C. (2005c). Perceptions of positive and negative factors influencing the attrac-tiveness of PPP/PFI procurement for construction projects in the UK – Findings from a questionnaire survey. Engineering, Con-struction, and Architectural Management, 12(2), 125-148.
Liu, F., Liu, J., & Yan, X. (2018). Quantifying the Decision-Making of PPPs in China by the Entropy-Weighted Pareto Front: A URT Case from Guizhou. Sustainability, 10(6), 1753. doi:10.3390/su10061753
Malek, S. (2016). Evaluation of Effectiveness of PPP for Road Projects in Gujarat (Doctoral dissertation), School of Building Science and Technology, CEPT University, Ahmedabad, India.
Mathur, S. (2014). Public-Private Partnership in Infrastructure - A Study on Roads and Highway Projects in Andhra Pradesh (Doctoral dissertation), Department of Business Management Osmania University, Hyderabad, India. Retrieved
Mendenhall, W. (1971). Introduction to Probability and Statistics. (3rd Ed.) Belmont, California: Duxbury Press.
Merna, T., & Owen, G. (1998). Understanding the private finance initiative: The new dynamics of project finance. Hong Kong: Asia Law and Practice Publishing Limited.
Morallos, D., Amekudzi, A., Ross, C., & Meyer, M. (2009). Value for money analysis in U.S. transportation public-private partner-ships. Transportation Research Record: Journal of the Transportation Research Board, 2115(1), 27–36. doi:10.3141/2115-04
Mustafa, A. (1999). Public-private partnership: An alternative institutional model for implementing the private finance initiative in the provision of transport infrastructure. The Journal of Structured Finance, 5(2), 64-79.
Ng, S. T., & Wong, Y. M. (2006). Adopting non-privately funded public-private partnerships in maintenance projects: A case study in Hong Kong. Engineering, Construction, and Architectural Management, 13(2), 186-200.
NHDP & Other NHAI Projects. (2013, May 31). Retrieved July 15, 2013, from http://www.nhai.org
Nyagwachi, J. N. (2008). South African Public-Private Partnership (PPP) Projects. (Ph.D. thesis). Faculty of Engineering, The Built Environment and Information Technology, Nelson Mandela Metropolitan University, South Africa.
Penyalver, D., Turro, M., & Williamson, J. B. (2019). Measuring the value for money of transport infrastructure procurement; an in-tergenerational approach. Transportation Research Part A: Policy and Practice, 119(2019), 238-254.
Robert, O. – K., Dansoh, A., & Ofori – Kuragu, J. K. (2014). Reasons for adopting the public-private partnership (PPP) for construc-tion projects in Ghana. International Journal of Construction Management, 14(4), 227–238.
Romano, G., Molinos-Senante, M., & Guerrini, A. (2017). Water utility efficiency assessment in Italy by accounting for service quality: An empirical investigation. Utilities Policy, 45, 97-108.
So, K.K.L., Chung, K.L., and Cheung, M.M.S. (2007, March). Public-Private Partnership in infrastructure development in Hong Kong - past and future trends. Proceedings of the 5th International Conference on Construction Project Management / 2nd Inter-national Conference on Construction Engineering and Management, Singapore: Nanyang Technological University.
Susan Newberry (2011). Financial black holes: Accounting for privately financed roads in the UK, European Accounting Review, 20(1), 196-198, DOI: 10.1080/09638180.2011.566679
Thomas, A. V., Kalindini S. N., & Ananthanarayanan, K. (2003). Risk Perception Analysis of BOT road Project Participants in In-dia. Construction Management and Economics, 21(4), 393-407. doi:10.1080/0144619032000064127.
Tsamboulas, D., Verma, A., & Moraiti, P. (2013). Transport infrastructure provision and operations: Why should governments choose private-public partnerships? Research in Transportation Economics, 38(1), 122–127.
Walker, C., & Smith, A. J. (1995). Privatized Infrastructure: The Build Operate Transfer approach. London: Thomas Telford.
Wang, S. Q., & Tiong, R. L., & Ting, S. K., & Ashley, D. (2000). Evaluation and management of political risks in China's BOT pro-jects. Journal of Construction Engineering and Management, 126(3), 242-250.
World Bank (2014). Public-Private Partnerships Reference Guide. Version 2. Washington D.C.
Zhang, X., & AbouRisk, S.S. (2006, April). Relational concession in infrastructure development through public-private partnerships. Proceedings of the CIB W89 International Conference on Building Education and Research, Hong Kong: CIB.
Zwalf, S. (2017). Competitive neutrality in public-private partnership evaluations: a non-neutral interpretation in comparative per-spective. Asia Pacific Journal of Public Administration, 39(4), 225-237. doi:10.1080/23276665.2017.1391454
Zwalf, S., Hodge, G., & Alam, Q. (2017). Choose your own adventure: Finding a suitable discount rate for evaluating value for mon-ey in public-private partnership proposals. Australian Journal of Public Administration, 76(3), 301–315.