Is Public–Private Partnership (PPP) a Preferred Strategy for Procuring Smart Infrastructure in Developed Countries: An Empirical Study of the Perceived Benefits, Barriers and Recommended Strategies
Sustainability
; 14(11):6421, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1892953
ABSTRACT
Attention to Smart Infrastructure (SI) has risen due to its advantages, including better access, increased quality of life, and simplified maintenance management. To develop SI, Public–Private Partnerships (PPPs) are identified as potentially beneficial procurement strategies, which boost capacities to manage risks by pooling diverse resources. However, the applicability of PPP in SI developments in developed countries is scarcely researched. This may be due to underestimating the other potential benefits from PPP, although developed countries may have their own funding to develop SI. Hence, this research aims to evaluate the significant factors influencing the success of PPP in SI projects in developed countries based on public-sector satisfaction (S1), private-sector satisfaction (S2), and end-user satisfaction (S3). A comprehensive literature review was followed by expert interviews and an international survey, focusing on developed countries. The Partial Least Squares Structural Equation Modeling (PLS-SEM) technique was applied to map the connections amongst the influencing factors and S1, S2, and S3. The results reveal that legal and political-related factors significantly impact on S2 and S3, while social barriers significantly impact on S1. The effect of the constructs and factors on S1, S2, and S3 along with their rankings are unveiled in this research paper, providing a sound basis to increase success levels and minimize shortfalls in PPP to boost SI developments in developed countries.
Environmental Studies; Public–Private Partnership (PPP); Smart Infrastructure (SI); developed countries; benefits and enablers; barriers; recommended strategies; Partial Least Squares Structural Equation Modelling (PLS-SEM); Political factors; Success; Scientific papers; Infrastructure; Maintenance management; Developing countries--LDCs; Industrialized nations; Research & development--R&D; COVID-19; Literature reviews; Smart cities; Quality of life; Citizen participation; User satisfaction; Partnerships; Pandemics; Public health; Risk management; Multivariate statistical analysis; Cost control; United States--US; Australia
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Sustainability
Year:
2022
Document Type:
Article
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