| Title | Factors influencing the consideration of Public-Private Partnerships (PPP) for smart city projects: Evidence from Hong Kong |
|---|---|
| ID_Doc | 38445 |
| Authors | Lam, PTI; Yang, WJ |
| Title | Factors influencing the consideration of Public-Private Partnerships (PPP) for smart city projects: Evidence from Hong Kong |
| Year | 2020 |
| Published | |
| Abstract | Smart cities are emerging in most parts of the world. The cost-benefit analysis of such initiatives should include an unbiased consideration of potential procurement modes, especially when a substantial investment is entailed to scale up projects to the city level. Despite the enticing trend of public private partnerships (PPPs), city governments should evaluate the available options using an objective approach such as Multi-Attribute Utility Analysis (MAUA). The technique takes into account prioritized assessment criteria (which are tailor-made for smart city projects) and the relative utilities of the procurement options in meeting the criteria. The methodology of MAUA is demonstrated through a questionnaire survey and a focus group meeting involving public and private sector practitioners, and applied to 8 types of common smart city projects in Hong Kong, which is one of the metropolises earmarked to become a smart city by putting concepts into practice. Results show that not all projects are best suited to PPP and that there may be divergent views between the public and private sectors, with possibilities for a compromised decision which both sectors would accept. |
| http://ira.lib.polyu.edu.hk/bitstream/10397/87720/2/Lam_Factors_Influencing_Consideration.pdf |
Similar Articles
| ID | Score | Article |
|---|---|---|
36293
|
Qin, WC; Tariq, S; Zayed, T Evaluation of the Suitability of Public-Private Partnership for Kowloon East Smart City Development Project in Hong Kong(2021)International Journal Of Sustainable Construction Engineering And Technology, 12, 2 | |
| 41981
|
Almarri, K The value for money factors and their interrelationships for smart city public-private partnerships projects(2023)Construction Innovation-England, 23, 4 | |
| 44892
|
Kim, J The Evaluation and Significance of Smart City Projects in Korea: Targeting Enterprises within the Smart City Association Convergence Alliance(2024)Sustainability, 16, 7 | |
| 35858
|
Almarri, K; Boussabaine, H Critical success factors for public-private partnerships in smart city infrastructure projects(2023) | |
| 35992
|
Ju, JR; Liu, LN; Feng, YQ Governance mechanism of public-private partnerships for promoting smart city performance: A multi-case study in China(2024) | |
| 37583
|
Sandulli, FD; Ferraris, A; Bresciani, S How to select the right public partner in smart city projects(2017)R & D Management, 47.0, 4 | |
| 38489
|
Liu, LN; Ju, JR; Feng, YQ; Hu, Q Impact of Governance Structure Characteristics of Public-private Partnerships on Smart City Project Success: Evidence from a Multi-case Study in China(2019) |