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Development of a Framework for Identifying Highway Projects for Private-Public-Partnership Financing

Authors:

Kopikah Tharmakulasingham ,

University of Moratuwa, LK
About Kopikah

Post Graduate Student, Department of Civil Engineering


AMIE (SL), B.Sc. Eng. (Hons) (Moratuwa)

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H. R. Pasindu

University of Moratuwa, LK
About H. R.

Senior Lecturer, Department of Civil Engineering


MIE (SL), Ph.D, B.Sc. Eng. (Hons) (Moratuwa)

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Abstract

In many cases, Public Private Partnership (PPP) projects are looked upon as a sceptical phenomenon due to the involvement of risk factors. However, in order to reduce the financial burden on the government, it is essential to undertake PPP projects. Absence of a supporting framework was identified as one of the key issues in accelerating PPP projects in Sri Lanka. A review was performed in this study to identify and develop the screening criteria in Sri Lanka. As part of the study, criteria which are used in other countries, and World Bank for selection of PPP projects were collected. A Multi Attribute Analysis was used in the research. The criteria identified from other countries are subpackaged under Demand, Financial, Risk and Scale categories.

 

A questionnaire survey was conducted among highway experts. The ranking of subpackage criteria, top six preferred criteria, and their scores by nine respondents were collected. The preliminary screening criteria were identified using Garrett ranking technique by selecting a single criterion from each subpackage. Based on the guidelines of other countries the percentage responses, and scores for the top six preferred criteria, nine criteria were recommended for secondary screening. Financial viability of a project was identified as the topmost criterion in project screening. Further, PPP candidate nature of 10 selected highway projects was analyzed based on the secondary screening criteria. Due to lack of available information,: financial viability, economic development, traffic congestion reduced from the projects, roles of the road in network and project cost were used for the comparison of projects. Port Access Elevated Highway was received the highest total score from the secondary screening.
How to Cite: Tharmakulasingham, K. and Pasindu, H.R., 2021. Development of a Framework for Identifying Highway Projects for Private-Public-Partnership Financing. Engineer: Journal of the Institution of Engineers, Sri Lanka, 54, pp.49–60. DOI: http://doi.org/10.4038/engineer.v54i0.7452
Published on 03 Sep 2021.
Peer Reviewed

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