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Commenced in January 2007 Frequency: Monthly Edition: International Publications Count: 29286


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10001530
Risk Allocation in Public-Private Partnership (PPP) Projects for Wastewater Treatment Plants
Abstract:
This paper examines the utilization of public-private partnerships for the building and operation of wastewater treatment plants. Our research focuses on risk allocation in this kind of projects. Our analysis builds on more than hundred wastewater treatment plants built and operated through PPP projects in Aragon (Spain). The paper illustrates the consequences of an inadequate management of construction risk and an unsuitable transfer of demand risk in wastewater treatment plants. It also shows that the involvement of many public bodies at local, regional and national level further increases the complexity of this kind of projects and make time delays more likely.
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References:

[1] F. Medda, “A game theory approach for the allocation of risks in transport public private partnerships”, International Journal of Project Management, 2007, 213-218.
[2] R. Marques, S. Berg, “Risks, Contracts, and Private-Sector Participation in Infrastructure”, Journal of Construction Engineering and Management, 2007, 137(11), 925–932.
[3] D. Grimsey, M. Lewis, “Evaluating the risks of public private partnerships for infrastructure projects”, International Journal of Project Management, 2002, 20, 107-118.
[4] M.H. Ali., H. Osman, M. Marzouk, M. Ibrahim, “Valuation of Minimum Revenue Guarantees for PPP Wastewater Treatment Plants”, Conference Proceeding Paper, Construction Research Congress: Construction Challenges in a Flat World, 2002.
[5] M.A. Memon, “Public-Private Partnerships for Urban Water Supply and Wastewater Treatment: An overview of the concept of PPP and its applications for urban water”, In 2nd Thematic, Conference Paper, Seminar: Kitakyushu Initiative Seminar on Public-Private Partnerships for Urban Water Supply and Wastewater Treatment, 2002.
[6] S. Zheng, L.K. Tiong, “First Public-Private-Partnership Application in Taiwan’s Wastewater Treatment Sector: Case Study of the Nanzih BOT Wastewater Treatment Project”, Journal of Construction Engineering and Management, 136, 913-922, 2010.
[7] B. Li, A. Akintoye, P.J. Edwards, C. Hardcastle, “Perceptions of positive and negative factors influencing the attractiveness of PPP/PFI procurement for construction projects in the UK”. Engineering, Construction and Architectural Management, 1282), 125-148, 2005.
[8] Y. H. Kwak, Y. Chih, C. W. Ibbs, “Towards a Comprehensive Understanding of Public Private Partnerships for Infrastructure Development”, California Management Review, 51 (2), 51-78, 2009.
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