Argumentation on adopting PPP schemes in Chinese urban subway projects

Author

Jing, Li H. ; Yan, Li C. ; Shan, Xu S.

Author_Institution

Collage of Economic & Manage., Northeast Forestry Univ., Harbin, China

fYear

2010

fDate

16-18 April 2010

Firstpage

487

Lastpage

491

Abstract

Make overall evaluation on the feasibility of applying PPPs in Chinese subway projects by extensive literature review on past studies and obtained expert-opinion in the paper. Appraise whether PPP is an appropriate candidate provision scheme for subway infrastructures in China, and take the argumentations from two internal factors: economic attributes of subway infrastructures and operational characteristics of subway projects; and two external factors: which crucial preconditions of implementing PPP have been met, potential benefits and restrictions of adopting PPP in Chinese subway projects. It can be concluded that PPP is a feasible option for the Chinese governments in subway construction projects compared with the unsustainable traditional complete public provision scheme. The Chinese governments must be aware of the latent challenges confronted by them when recognizing the benefits produced by adopting PPP schemes in subways.

Keywords

construction; economics; project management; public administration; Chinese governments; Chinese urban subway construction projects; PPP Schemes; candidate provision scheme; economic attributes; public-private-partnership; subway infrastructures; Appraisal; Asset management; Cities and towns; Contracts; Costs; Financial management; Forestry; Investments; Local government; Project management; Chinese subway projects; Public-Private-Partnership; evaluation; influencing factors;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on

Conference_Location

Chengdu

Print_ISBN

978-1-4244-5263-7

Electronic_ISBN

978-1-4244-5265-1

Type

conf

DOI

10.1109/ICIME.2010.5478161

Filename

5478161