A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
An Analysis of Sustainability Implementation in Malaysian Private Finance Initiative (PFI) Projects: Issues, Challenges and Way Forward
Sustainability is a holistic concept whereby covering broad spectrums of aspect social, economic and environmental principles. Private Finance Initiative (PFI) is a long-term approach providing unique opportunity to grasp the issues of sustainability. However, the current implementation of PFI had mistreated to incorporate comprehensive elements of sustainable green development throughout the projects. Thus, the paper intends to investigate the issues, challenges and best practices which significant lead to sustainability performance in Malaysian PFI projects. Employing a focus group method, a brainstorming workshop was conducted involving seventy practitioners and academicians to gather their perceptions on these issues. Data were analysed using thematic analysis. The findings disclosed several key variables of issues and challenges embracing readiness, awareness, policy and documentation, unclear clauses in the concession agreement and Standard of Procedure (SOP) and lack of shortââ¬âterm financial benefits discourages both clients and contractors from embarking on the quest for sustainability development. It is suggested that successful sustainable PFI projects should integrate government support, technology advancement and incentives to both clients and contractors.
An Analysis of Sustainability Implementation in Malaysian Private Finance Initiative (PFI) Projects: Issues, Challenges and Way Forward
Sustainability is a holistic concept whereby covering broad spectrums of aspect social, economic and environmental principles. Private Finance Initiative (PFI) is a long-term approach providing unique opportunity to grasp the issues of sustainability. However, the current implementation of PFI had mistreated to incorporate comprehensive elements of sustainable green development throughout the projects. Thus, the paper intends to investigate the issues, challenges and best practices which significant lead to sustainability performance in Malaysian PFI projects. Employing a focus group method, a brainstorming workshop was conducted involving seventy practitioners and academicians to gather their perceptions on these issues. Data were analysed using thematic analysis. The findings disclosed several key variables of issues and challenges embracing readiness, awareness, policy and documentation, unclear clauses in the concession agreement and Standard of Procedure (SOP) and lack of shortââ¬âterm financial benefits discourages both clients and contractors from embarking on the quest for sustainability development. It is suggested that successful sustainable PFI projects should integrate government support, technology advancement and incentives to both clients and contractors.
An Analysis of Sustainability Implementation in Malaysian Private Finance Initiative (PFI) Projects: Issues, Challenges and Way Forward
Ismail, kharizam (author) / Khaderi, Shamsida Saidan (author) / Karim, Syed Ahamd Qusoiri Syed Abdul (author) / Talib, Yuhainis Abdul (author) / Salleh, Nor Aini (author)
2019-06-24
doi:10.59160/ijscm.v8i3.3320
International Journal of Supply Chain Management; Vol 8, No 3 (2019): International Journal of Supply Chain Management (IJSCM); 665 - 670 ; 2050-7399 ; 2051-3771
Article (Journal)
Electronic Resource
English
DDC:
690
| BASE | 2017
Key legal issues in projects procured under the private finance initiative
| Emerald Group Publishing | 1997
Key legal issues in projects procured under the private finance initiative
| British Library Online Contents | 1997
Key legal issues in projects procured under the private finance initiative
| Online Contents | 1997