Is economic efficiency an objective in PPP transport projects?. Odeck , J., Liyanage , C.L., and Voordijk , H. Motivation. Economic efficiency should be an important factors driving the use of PPPs as compared to traditional procurements
Odeck, J., Liyanage, C.L., and Voordijk, H.
The database contains 67 original studies and is being expanded
Each study can contain up to several data points with regards to performance objectives
Any objective that maximizes NPV or any of its components !
The available objectives as seen by stakeholders were stated 167 times.Economic efficiency were stated 31 times by the public sector and 24 times by users.
Economic efficiency is clearly a major objective with PPP transport !
Economic efficiency seem to be equally important for the public sector and user
However and as expected, the economic efficiency indicators are emphasized differently
While users emphasize user benefits, the public sector emphasize efficient completion delivery and completion
User and the public sector concur with respect to value for money as an important objective
Thus, a successful PPP should be the one that addresses the different objectives of stakeholders
PPP is economically more efficient if the following benefit cost analysis holds:
This study, although preliminary, has revealed some interesting findings from the literature database that is being compiled:
These results are unique in the sense that no previous study has summarized the existing literature the way we do in this paper.
The potential for improving this paper lies in refining the database and collecting more data to make the conclusions more robust