Risk Allocation in Public-Private Partnership (PPP) Projects for Wastewater Treatment Plants
This paper examines the utilization of public-private
partnerships for the building and operation of wastewater treatment
plants. Our research focuses on risk allocation in this kind of projects.
Our analysis builds on more than hundred wastewater treatment
plants built and operated through PPP projects in Aragon (Spain).
The paper illustrates the consequences of an inadequate management
of construction risk and an unsuitable transfer of demand risk in
wastewater treatment plants. It also shows that the involvement of
many public bodies at local, regional and national level further
increases the complexity of this kind of projects and make time
delays more likely.
[1] F. Medda, “A game theory approach for the allocation of risks in
transport public private partnerships”, International Journal of Project
Management, 2007, 213-218.
[2] R. Marques, S. Berg, “Risks, Contracts, and Private-Sector Participation
in Infrastructure”, Journal of Construction Engineering and
Management, 2007, 137(11), 925–932.
[3] D. Grimsey, M. Lewis, “Evaluating the risks of public private
partnerships for infrastructure projects”, International Journal of Project
Management, 2002, 20, 107-118.
[4] M.H. Ali., H. Osman, M. Marzouk, M. Ibrahim, “Valuation of Minimum
Revenue Guarantees for PPP Wastewater Treatment Plants”, Conference
Proceeding Paper, Construction Research Congress: Construction
Challenges in a Flat World, 2002.
[5] M.A. Memon, “Public-Private Partnerships for Urban Water Supply and
Wastewater Treatment: An overview of the concept of PPP and its
applications for urban water”, In 2nd Thematic, Conference Paper,
Seminar: Kitakyushu Initiative Seminar on Public-Private Partnerships
for Urban Water Supply and Wastewater Treatment, 2002.
[6] S. Zheng, L.K. Tiong, “First Public-Private-Partnership Application in
Taiwan’s Wastewater Treatment Sector: Case Study of the Nanzih BOT
Wastewater Treatment Project”, Journal of Construction Engineering
and Management, 136, 913-922, 2010. [7] B. Li, A. Akintoye, P.J. Edwards, C. Hardcastle, “Perceptions of positive
and negative factors influencing the attractiveness of PPP/PFI
procurement for construction projects in the UK”. Engineering,
Construction and Architectural Management, 1282), 125-148, 2005.
[8] Y. H. Kwak, Y. Chih, C. W. Ibbs, “Towards a Comprehensive
Understanding of Public Private Partnerships for Infrastructure
Development”, California Management Review, 51 (2), 51-78, 2009.
[1] F. Medda, “A game theory approach for the allocation of risks in
transport public private partnerships”, International Journal of Project
Management, 2007, 213-218.
[2] R. Marques, S. Berg, “Risks, Contracts, and Private-Sector Participation
in Infrastructure”, Journal of Construction Engineering and
Management, 2007, 137(11), 925–932.
[3] D. Grimsey, M. Lewis, “Evaluating the risks of public private
partnerships for infrastructure projects”, International Journal of Project
Management, 2002, 20, 107-118.
[4] M.H. Ali., H. Osman, M. Marzouk, M. Ibrahim, “Valuation of Minimum
Revenue Guarantees for PPP Wastewater Treatment Plants”, Conference
Proceeding Paper, Construction Research Congress: Construction
Challenges in a Flat World, 2002.
[5] M.A. Memon, “Public-Private Partnerships for Urban Water Supply and
Wastewater Treatment: An overview of the concept of PPP and its
applications for urban water”, In 2nd Thematic, Conference Paper,
Seminar: Kitakyushu Initiative Seminar on Public-Private Partnerships
for Urban Water Supply and Wastewater Treatment, 2002.
[6] S. Zheng, L.K. Tiong, “First Public-Private-Partnership Application in
Taiwan’s Wastewater Treatment Sector: Case Study of the Nanzih BOT
Wastewater Treatment Project”, Journal of Construction Engineering
and Management, 136, 913-922, 2010. [7] B. Li, A. Akintoye, P.J. Edwards, C. Hardcastle, “Perceptions of positive
and negative factors influencing the attractiveness of PPP/PFI
procurement for construction projects in the UK”. Engineering,
Construction and Architectural Management, 1282), 125-148, 2005.
[8] Y. H. Kwak, Y. Chih, C. W. Ibbs, “Towards a Comprehensive
Understanding of Public Private Partnerships for Infrastructure
Development”, California Management Review, 51 (2), 51-78, 2009.
@article{"International Journal of Business, Human and Social Sciences:70047", author = "Samuel Capintero and Ole H. Petersen", title = "Risk Allocation in Public-Private Partnership (PPP) Projects for Wastewater Treatment Plants", abstract = "This paper examines the utilization of public-private
partnerships for the building and operation of wastewater treatment
plants. Our research focuses on risk allocation in this kind of projects.
Our analysis builds on more than hundred wastewater treatment
plants built and operated through PPP projects in Aragon (Spain).
The paper illustrates the consequences of an inadequate management
of construction risk and an unsuitable transfer of demand risk in
wastewater treatment plants. It also shows that the involvement of
many public bodies at local, regional and national level further
increases the complexity of this kind of projects and make time
delays more likely.", keywords = "Wastewater, treatment plants, PPP, construction.", volume = "9", number = "6", pages = "1858-5", }