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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...

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Main Authors: Mandiartha, Putu, Intan Suhana, Mohd Razelan, Azlina, Ismail
Format: Conference or Workshop Item
Language:English
Published: Universiti Malaysia Pahang 2017
Subjects:
TA Engineering (General). Civil engineering (General)
Online Access:http://umpir.ump.edu.my/id/eprint/17591/1/FGIC_Mandiartha.pdf
http://umpir.ump.edu.my/id/eprint/17591/
http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
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spelling my.ump.umpir.175912018-02-06T07:24:31Z 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
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic TA Engineering (General). Civil engineering (General)
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
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.
format Conference or Workshop Item
author Mandiartha, Putu
Intan Suhana, Mohd Razelan
Azlina, Ismail
author_facet Mandiartha, Putu
Intan Suhana, Mohd Razelan
Azlina, Ismail
author_sort Mandiartha, Putu
title 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_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_sort risk management, governance and financing issues in public-private partnerships transportation projects
publisher Universiti Malaysia Pahang
publishDate 2017
url http://umpir.ump.edu.my/id/eprint/17591/1/FGIC_Mandiartha.pdf
http://umpir.ump.edu.my/id/eprint/17591/
http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
_version_ 1643668223526174720
score 13.211869

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