Legal risk assessment framework for international PPP projects based on metanetwork
The number of international public-private partnership (PPP) projects has gradually increased with global infrastructure interconnections. These international projects incorporate high risks, and legal risk is one of the most serious risks. International PPP projects have long life cycles, and the s...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/160445 |
| _version_ | 1811683538656821248 |
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| author | Zhang, Jiaming Wang, Tao Zhang, Limao |
| author2 | School of Civil and Environmental Engineering |
| author_facet | School of Civil and Environmental Engineering Zhang, Jiaming Wang, Tao Zhang, Limao |
| author_sort | Zhang, Jiaming |
| collection | NTU |
| description | The number of international public-private partnership (PPP) projects has gradually increased with global infrastructure interconnections. These international projects incorporate high risks, and legal risk is one of the most serious risks. International PPP projects have long life cycles, and the specific legal risks in each stage may be different and related to each other. However, previous risk assessment methods have ignored the correlation and variation of legal risk factors in different stages, which have limited applications in risk management practice. Therefore, this paper establishes a legal risk analysis framework for international PPP projects based on metanetwork analysis (MNA) to evaluate the legal risks of the entire project life cycle in stages and calculate the correlations between different risk factors. Then the framework was applied to a Peruvian international PPP project. The key legal risk factors in each stage were identified, the main risk-spreading paths were depicted, and the influence and independence of risk factors were calculated. This framework is expected to provide guidance for foreign private contractors of international PPP projects to conduct fine management of legal risks. |
| first_indexed | 2024-10-01T04:14:20Z |
| format | Journal Article |
| id | ntu-10356/160445 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:14:20Z |
| publishDate | 2022 |
| record_format | dspace |
| spelling | ntu-10356/1604452022-07-22T05:51:12Z Legal risk assessment framework for international PPP projects based on metanetwork Zhang, Jiaming Wang, Tao Zhang, Limao School of Civil and Environmental Engineering Engineering::Civil engineering Public-Private Partnership International Projects The number of international public-private partnership (PPP) projects has gradually increased with global infrastructure interconnections. These international projects incorporate high risks, and legal risk is one of the most serious risks. International PPP projects have long life cycles, and the specific legal risks in each stage may be different and related to each other. However, previous risk assessment methods have ignored the correlation and variation of legal risk factors in different stages, which have limited applications in risk management practice. Therefore, this paper establishes a legal risk analysis framework for international PPP projects based on metanetwork analysis (MNA) to evaluate the legal risks of the entire project life cycle in stages and calculate the correlations between different risk factors. Then the framework was applied to a Peruvian international PPP project. The key legal risk factors in each stage were identified, the main risk-spreading paths were depicted, and the influence and independence of risk factors were calculated. This framework is expected to provide guidance for foreign private contractors of international PPP projects to conduct fine management of legal risks. This study is supported by the National Natural Science Foundation of China (Grant Nos. 72074034 and 71871235) and the Fundamental Research Funds for the Central Universities (Grant No. 2020CDJSK01PY16). 2022-07-22T05:51:12Z 2022-07-22T05:51:12Z 2021 Journal Article Zhang, J., Wang, T. & Zhang, L. (2021). Legal risk assessment framework for international PPP projects based on metanetwork. Journal of Construction Engineering and Management, 147(8), 04021090-. https://dx.doi.org/10.1061/(ASCE)CO.1943-7862.0002110 0733-9364 https://hdl.handle.net/10356/160445 10.1061/(ASCE)CO.1943-7862.0002110 2-s2.0-85107818548 8 147 04021090 en Journal of Construction Engineering and Management © 2021 American Society of Civil Engineers. All rights reserved. |
| spellingShingle | Engineering::Civil engineering Public-Private Partnership International Projects Zhang, Jiaming Wang, Tao Zhang, Limao Legal risk assessment framework for international PPP projects based on metanetwork |
| title | Legal risk assessment framework for international PPP projects based on metanetwork |
| title_full | Legal risk assessment framework for international PPP projects based on metanetwork |
| title_fullStr | Legal risk assessment framework for international PPP projects based on metanetwork |
| title_full_unstemmed | Legal risk assessment framework for international PPP projects based on metanetwork |
| title_short | Legal risk assessment framework for international PPP projects based on metanetwork |
| title_sort | legal risk assessment framework for international ppp projects based on metanetwork |
| topic | Engineering::Civil engineering Public-Private Partnership International Projects |
| url | https://hdl.handle.net/10356/160445 |
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