Allocation of control rights between governments and companies in urban development PPP projects

WANG Shouqing; WU Di; PENG Wei; CUI Qingbin

doi:10.16511/j.cnki.qhdxxb.2017.25.006

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Journal of Tsinghua University(Science and Technology) ›› 2017, Vol. 57 ›› Issue (4) : 369-375. DOI: 10.16511/j.cnki.qhdxxb.2017.25.006

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Allocation of control rights between governments and companies in urban development PPP projects

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Abstract

PPP (public-private partnership) is a new financing mode that eases the financial pressure and promotes efficiency. The allocation of control rights in PPP projects is a critical success factor. The control allocation principles and mechanisms in PPP projects are examined using decision indexes to describe the control allocation and nationwide big data. A guiding index is developed to characterize the statistics in terms of the regions, decision-making processes and allocation entities. Then, the FMEA (failure mode and effects analysis) index was used with survey data for a correlation analysis to explain the allocation mechanism. The shortcomings of China's PPP practices are related to the lack of pertinent regulations, allocation monitoring, and industry and public participation. Finally, suggestions are then given based on this research and international experience.

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public-private partnership (PPP) / project control rights / allocation / decision

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WANG Shouqing, WU Di, PENG Wei, CUI Qingbin. Allocation of control rights between governments and companies in urban development PPP projects[J]. Journal of Tsinghua University(Science and Technology). 2017, 57(4): 369-375 https://doi.org/10.16511/j.cnki.qhdxxb.2017.25.006

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