JOURNAL ARTICLEAlouis Chilunjika
International Journal of Research in Business and Social Science · 2024
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Governments of Sub Saharan African (SSA) countries have struggled to successfully invest in capital intensive projects. As such, public private partnerships play a key role in redefining the role of Government in the context of infrastructure projects, by focusing on supervision and regulation and moving away from direct ownership and management. Sub Saharan African countries have seen such inclusive partnerships yielding some numerous benefits in different sectors. However, despite the salubrious benefits that PPPs have brought in different projects, PPPs in SSA countries are still dogged by a myriad of administrative, technical, financial and legal challenges. These corporate governance related challenges have made it difficult for these SSA governments to glean the full benefits of PPPs. The study is informed by the qualitative methodology with an extensive review of literature. Data was gathered from purposively selected written documents and these documents were analysed using thematic and content analysis techniques. The study established that there are some corporate governance deficiencies in most PPP projects in the SSA countries. Additionally, most of these public projects in the SSA lack adequate good corporate governance attention that is given to the PPP procedures and processes involved. The study therefore recommends that there is need for the full adoption of good corporate governance systems, practices, processes and procedures in the PPPs designing, financing, implementation and operationalisation in SSA.
DOI 10.20525/ijrbs.v13i1.28743 Crossref citations2 OpenAlex citations
JOURNAL ARTICLEBekrim Setiawan · Victoria Thornton · Ari Dwi Susanto
International Journal of Research in Business and Social Science · 2023
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Pennsylvania's aging transportation infrastructure has long been a cause for concern, with bridges, highways, and other vital components approaching the end of their serviceable lifespans. The state's infrastructure, one of the nation's oldest, is in dire need of repair and replacement, particularly in the case of bridges, many of which are over 50 years old and in poor condition. However, the financial investment required for this task is substantial, posing challenges within the state's budget constraints. To address this infrastructure crisis, an amendment to Pennsylvania's existing legislation, Act 88, is proposed. This amendment would permit local governments to engage in Public-Private Transportation Partnerships (P3s), leveraging private sector financial resources and expertise. Such local government Transportation P3s have the potential to alleviate the state's infrastructure and financial woes. Currently, Act 88 prohibits municipal governments from participating in these partnerships, hindering the Commonwealth's ability to secure private funding and expertise when public resources are limited. This study aims to address the structural deficiencies in Pennsylvania's transportation infrastructure and its $2.2 billion financial deficit, which hampers repair and improvement efforts. The study employs a descriptive, multi-case analysis to investigate how an amendment to Act 88 could enable local municipalities to engage in P3 transportation projects. These partnerships could provide solutions to budgetary and funding challenges, particularly in the context of locally owned bridge repair and replacement projects. The selected cases are evaluated against various performance criteria, such as value, pricing, budgeting, public accountability, regulatory control, and capacity, offering a comprehensive assessment of the potential benefits of local government participation in P3 transportation projects.
DOI 10.20525/ijrbs.v12i9.30171 Crossref citations1 OpenAlex citations
JOURNAL ARTICLEAlouis Chilunjika
International Journal of Research in Business and Social Science · 2023
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Over the last decade, developing countries have been promoting public-private partnerships (PPPs) as an alternative approach to developing infrastructure and services. This is done by utilising the efficiency and innovation of the private sector and enabling access to private-sector finance through public-private partnerships (PPP). Importantly, PPPs ensure more value for money than traditional financing options and highway and transportation infrastructure revenue sources. The study is qualitative, relied on the extensive review of written documents. In light of this, the study explores the utility and efficacy of PPPs in road tolling initiatives and highway infrastructure investment in Zimbabwe. Emphasis was placed on the PPP arrangement between the Zimbabwe National Roads Administration (ZINARA) and a South African company- Group Five, which saw road tolls being erected and operationalised to fund Zimbabwean highway infrastructure. The paper established that despite this PPP arrangement being a success, as seen by the faster completion of the trunk roads, lower project lifecycle costs, better risk allocation, faster implementation of public works and services, improved service quality and additional revenue streams a myriad of operational and administrative challenges equally dogged it. To this effect, the paper, therefore, recommends some strategies to strengthen and enhance the adoption, operationalization, and management of PPPs for road tolling and highway infrastructure investments in developing countries.
DOI 10.20525/ijrbs.v12i3.24367 Crossref citations8 OpenAlex citations
JOURNAL ARTICLEShikha Vyas-Doorgapersad
International Journal of Research in Business and Social Science · 2023
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Clean, sufficient water is becoming increasingly scarce worldwide, particularly in African metropolitan areas. Today's urban water systems face several challenges, including, among other things, migration from rural to urban areas, climate change, natural disasters, and a lack of institutional capacity, expertise, and financial and human resources. As a result, governments across Africa are struggling to meet constitutional requirements to provide clean and sufficient water and sanitation. This article aims to investigate the value of public-private partnerships (PPPs) in improving Africa's urban water infrastructure. The research in this article was qualitative. Data were gathered through a literature review, and conceptual analysis was used. The findings show that a variety of factors are at work.
DOI 10.20525/ijrbs.v12i3.24761 Crossref citations4 OpenAlex citations
JOURNAL ARTICLEKenneth Otieno Odhiambo · Charles Rambo · Stephen Lucas Okelo
International Journal of Research in Business and Social Science · 2020
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In spite of the rise in the global adoption of public private partnerships, developing countries have failed to attract private investments in equally measure as their developed partners. This has impacted on infrastructural financing in developing countries. The current study sought to establish how market risks influence the performance of public private partnership renewable energy projects. The study adopted a pragmatic paradigm and employed a mixed methods approach, correlational and descriptive survey design. Quantitative data was collected by use of a self-administered questionnaire and while an interview guide was used to collect qualitative data after piloting and reliability established. A sample size of 263 respondents was drawn from a target population of 769 using the Yamane formula. For descriptive statistics the study used the mean and standard deviation. For inferential statistics the study used Pearson’s Product Moment Correlation (r) and Multiple Regression while the F-tests were used in hypothesis testing. The study established a significant influence of market risks on the performance of public private partnerships renewable energy projects F (1,204) =104.689, P=0.000? 0.05. H0 was consequently rejected. Based on this finding the study recommends hedging measures to promote public private partnerships
DOI 10.20525/ijrbs.v9i4.7675 Crossref citations7 OpenAlex citations