Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects
This paper discusses issues related to risk management, governance, and financing of public-private partnerships transportation projects. The allocation of risks and the requirements for ownership and equity provision are examined through analysis of a range of contracts. Lesson learn from a series...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Universiti Malaysia Pahang
2017
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/17591/1/FGIC_Mandiartha.pdf |
| _version_ | 1796992117233418240 |
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| author | Mandiartha, Putu Intan Suhana, Mohd Razelan Azlina, Ismail |
| author_facet | Mandiartha, Putu Intan Suhana, Mohd Razelan Azlina, Ismail |
| author_sort | Mandiartha, Putu |
| collection | UMP |
| description | This paper discusses issues related to risk management, governance, and financing of public-private partnerships transportation projects. The allocation of risks and the requirements for ownership and equity provision are examined through analysis of a range of contracts. Lesson learn from a series of Australia’s public-private partnerships transportation projects are also presented. The results show that from the perspective of risk allocation, the arrangements are consistent among the projects. Some fluctuations, however, are observed in term of equity provision. Initially, the contracts are developed based on the private sector taking full traffic demand risk and promising outcomes led to revenue sharing clauses being introduced, later overoptimistic demand forecasts resulted in the market rejecting acceptance of traffic demand risk. The paper also presents the variation between the case study projects in terms of excess revenue sharing. The analysis also suggests that, in arranging these types of projects, traffic demand issue is prominent and should be given major concern since it is closely related with the revenue of the projects which in turns affect the equity of the projects. |
| first_indexed | 2024-03-06T12:15:20Z |
| format | Conference or Workshop Item |
| id | UMPir17591 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:15:20Z |
| publishDate | 2017 |
| publisher | Universiti Malaysia Pahang |
| record_format | dspace |
| spelling | UMPir175912018-02-06T07:24:31Z http://umpir.ump.edu.my/id/eprint/17591/ Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects Mandiartha, Putu Intan Suhana, Mohd Razelan Azlina, Ismail TA Engineering (General). Civil engineering (General) This paper discusses issues related to risk management, governance, and financing of public-private partnerships transportation projects. The allocation of risks and the requirements for ownership and equity provision are examined through analysis of a range of contracts. Lesson learn from a series of Australia’s public-private partnerships transportation projects are also presented. The results show that from the perspective of risk allocation, the arrangements are consistent among the projects. Some fluctuations, however, are observed in term of equity provision. Initially, the contracts are developed based on the private sector taking full traffic demand risk and promising outcomes led to revenue sharing clauses being introduced, later overoptimistic demand forecasts resulted in the market rejecting acceptance of traffic demand risk. The paper also presents the variation between the case study projects in terms of excess revenue sharing. The analysis also suggests that, in arranging these types of projects, traffic demand issue is prominent and should be given major concern since it is closely related with the revenue of the projects which in turns affect the equity of the projects. Universiti Malaysia Pahang 2017-04 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/17591/1/FGIC_Mandiartha.pdf Mandiartha, Putu and Intan Suhana, Mohd Razelan and Azlina, Ismail (2017) Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects. In: Proceedings of the FGIC 1st Conference on Governance & Integrity , 3-4 April 2017 , Yayasan Pahang, Kuantan, Malaysia. pp. 378-395.. ISBN 978-967-2054-37-5 http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf |
| spellingShingle | TA Engineering (General). Civil engineering (General) Mandiartha, Putu Intan Suhana, Mohd Razelan Azlina, Ismail Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title | Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title_full | Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title_fullStr | Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title_full_unstemmed | Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title_short | Risk Management, Governance and Financing Issues in Public-Private Partnerships Transportation Projects |
| title_sort | risk management governance and financing issues in public private partnerships transportation projects |
| topic | TA Engineering (General). Civil engineering (General) |
| url | http://umpir.ump.edu.my/id/eprint/17591/1/FGIC_Mandiartha.pdf |
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