A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Assessment of Political Risk Factors Associated with Public-Private Partnership Projects in Developing Countries: A Case Study of Lagos State Nigeria
Abstract Previous studies identify political risk factors as significant to the poor performance of public-private partnership (PPP) contracts in general. This study therefore aimed at developing a simplified approach to manage this category of risk factors. Quantitative data were obtained using a structured questionnaire which was self-administered to 5 architects, 7 quantity surveyors, 12 engineers, 1 lawyer, 1 economist/financial manager/banker and 8 builders involved at the design, procurement, financing, construction, and project management of PPP projects in Lagos State, Nigeria. The respondents were selected using a respondent driven sampling (RDS) approach. Data analysis was done using descriptive and inferential statistics. Key findings include that corruption and exchange rate policy were the most frequently occurring risk factors with indices of 0.806 and 0.748 respectively. Moreover, strict implementation of anti-corruption and transparency together with appropriate use of financial instruments were the appropriate mitigation measures. The study highlights implications for managing political risk factors associated with PPP projects that could guide investment decisions in infrastructure development by the private sector in developing countries.
Assessment of Political Risk Factors Associated with Public-Private Partnership Projects in Developing Countries: A Case Study of Lagos State Nigeria
Abstract Previous studies identify political risk factors as significant to the poor performance of public-private partnership (PPP) contracts in general. This study therefore aimed at developing a simplified approach to manage this category of risk factors. Quantitative data were obtained using a structured questionnaire which was self-administered to 5 architects, 7 quantity surveyors, 12 engineers, 1 lawyer, 1 economist/financial manager/banker and 8 builders involved at the design, procurement, financing, construction, and project management of PPP projects in Lagos State, Nigeria. The respondents were selected using a respondent driven sampling (RDS) approach. Data analysis was done using descriptive and inferential statistics. Key findings include that corruption and exchange rate policy were the most frequently occurring risk factors with indices of 0.806 and 0.748 respectively. Moreover, strict implementation of anti-corruption and transparency together with appropriate use of financial instruments were the appropriate mitigation measures. The study highlights implications for managing political risk factors associated with PPP projects that could guide investment decisions in infrastructure development by the private sector in developing countries.
Assessment of Political Risk Factors Associated with Public-Private Partnership Projects in Developing Countries: A Case Study of Lagos State Nigeria
Opawole, Akintayo (author) / Kajimo-Shakantu, Kahilu (author)
2019-08-10
9 pages
Article/Chapter (Book)
Electronic Resource
English
Infrastructure , Public-private partnership , Project , Political risk , Risk factor Engineering , Building Construction and Design , Manufacturing, Machines, Tools, Processes , Information Systems Applications (incl. Internet) , Control, Robotics, Mechatronics , Engineering Economics, Organization, Logistics, Marketing
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