Sustainable public-private partnerships: Balancing the multi-actor ecosystem and societal requirements

Article

Leviakangas, Pekka, Ye, Yanbing and Olatunji, Oluwole Alfred. 2018. "Sustainable public-private partnerships: Balancing the multi-actor ecosystem and societal requirements." Frontiers of Engineering Management. 5 (3), pp. 347-356. https://doi.org/10.15302/J-FEM-2018020
Article Title

Sustainable public-private partnerships: Balancing the multi-actor ecosystem and societal requirements

ERA Journal ID212578
Article CategoryArticle
AuthorsLeviakangas, Pekka (Author), Ye, Yanbing (Author) and Olatunji, Oluwole Alfred (Author)
Journal TitleFrontiers of Engineering Management
Journal Citation5 (3), pp. 347-356
Number of Pages10
Year2018
PublisherSpringer
Place of PublicationGermany
ISSN2095-7513
2096-0255
Digital Object Identifier (DOI)https://doi.org/10.15302/J-FEM-2018020
Web Address (URL)https://journal.hep.com.cn/fem/EN/10.15302/J-FEM-2018020
Abstract

The funding gap of public infrastructure networks (roads, railways, ports, electricity, and energy lines) can be solved partly by introducing private capital for investments, i.e., public-private partnerships (PPP). This paper introduces an integrated model of a PPP project and investigates its implications on PPP policies and strategies regarding appropriate project appraisal and selection. The model has different resolution levels, namely, project level, business ecosystem level, and market and societal levels. The integrated model suggests that investing in merely financially viable projects is insufficient to realize economically and socially sustainable and acceptable projects.

Keywordspublic-private partnerships (PPP); project appraisal and selection; integrated model; socially sustainable
ANZSRC Field of Research 2020330299. Building not elsewhere classified
330207. Quantity surveying
330203. Building industry studies
Institution of OriginUniversity of Southern Queensland
Byline AffiliationsVTT Technical Research Centre, Finland
Huazhong University of Science and Technology, China
Curtin University
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