Equitable Financial Evaluation Method for Public-Private Partnership Projects
- 期刊名字:清華大學(xué)學(xué)報(英文版)
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- 論文作者:KE Yongjian,LIU Xinping,WANG S
- 作者單位:Department of Construction Management,China Development Bank Zhejiang Branch
- 更新時間:2023-04-19
- 下載次數(shù):次
The feasibility study of a public-private partnership (PPP) project is regarded as one of the critical factors for successful implementation,but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector.There is,therefore,an urgent need to develop an equitable financial evaluation method for PPP projects.This paper presents a comprehensive literature review that examines international practices.An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations.The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.
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