Abstract:
Public Private Partnership is defined as a long-term contract between a private party
and a government Agency, for providing public infrastructure and services, in this
concept, there is an appropriate risk will be to the private party and where the private
party bears investment and management responsibility on a long term basis .it reflects
a continued collective effort between the public sector and the Private sector to achieve
common objectives while both parties track their own individual goals.
The government of Sri Lanka will require to think about substitute financing options to
look over the monetary limitations and inadequate capital to develop infrastructure
projects such as the Public Private Partnership financial model. However, the
application of a centralized procurement model such as public-private partnership to
develop infrastructure in Sri Lanka, trends to create financial implications attitudinal
problems in government officers, control issues and difficulties in the management of
contracts at the execution stage of the development project which needs to be
completely understood by stakeholder institutes and strategy makers. Therefore, this
study intended to identify the above consequences, barriers and the critical success
factors that influence for application of the PPP model to develop infrastructure in Sri
Lanka.
The main objectives of this study were, Explore and study the critical factors identified
in previous research for the successful delivery of PPP projects internationally. Identify
current deficiencies and barriers in PPP practices and the critical factors that affect the
Successful delivery of that model for infrastructure development projects in Sri Lanka
and propose, areas to be addressed the identified issues for the successful
implementation of the PPP model in Sri Lanka by consolidating the above objectives 1
& 2.
Information and the data for the study were gathered by reviewing various types of
literature, conducting questionnaire surveys among professionals and semi-structured
interviews with the ten selected industrial experts for the PPP procurement method.
Identification of critical success factors of the international concept was done
considering the identified critical factors by the ten studies carried out in the different
regions of the world related to the same topic of this study. Used frequency of
occurrence method to identify the most critical factors under the above research studies
and ten factors were selected as the most critical factors for successful application of
the PPP model to the international concept. These factors were incorporated into the
questionnaire survey to analyze the effect of those factors on the Sri Lankan concept
Delphi method and the average ranking method were used to analyze the responses
received through the questionnaire survey. Ten critical success factors were identified
as the most critical success factors that affected the application of the PPP model to
develop infrastructure in Sri Lanka and validation of these factors was carried out by
conducting interviews with the selected ten experts in the industry.
Ranking of the above critical factors was done using the average ranking method
.accordingly Project technical feasibility, Good governance, availability of financial
market/viability funding, Sound financial package, effective negotiation between
parties, political Support, the well-prepared contract document, competitive/transparent
procurement process, Sound economic condition/ economic Viability, Appropriate risk
allocation risk sharing. Between public and private parties were identified as the most
critical factors that affect the application of the PPP model for the successful delivery
of the infrastructure project under the PPP procurement model in Sri Lanka.
Citation:
Perera, G.A.A.U. (2021). Application of public - private partnerships model and effect on public infrastructure construction projects in Sri Lanka [Master's theses, University of Moratuwa]. Institutional Repository University of Moratuwa. http://dl.lib.uom.lk/handle/123/21637