Appraising the Barriers to Public-Private Partnership as a Tool for Sustainable Development of Infrastructures in a Developing Economy

2018 2nd International Conference on Environmental and Energy Engineering

生态环境科学;能源学

Ojelabi, R.A.^1 ; Fagbenle, O.I.^1 ; Afolabi, A.O.^1 ; Tunji-Olayeni, P.F.^1 ; Amusan, L.M.^1

Covenant University, P.M.B 1023, Ota, Nigeria^1

关键词: Conflict of interest;    Developing economies;    Economic infrastructure;    Lack of confidences;    Public and private sector;    Public infrastructures;    Public private partnerships;    Regulatory frameworks;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/146/1/012016/pdf
DOI  :  10.1088/1755-1315/146/1/012016

学科分类：环境科学（综合）

来源: IOP

【 摘 要 】

The quest for sustainable development has been a subject discourse across the globe. Sustainable development has been deemed to be the pathway to all that is good and desirable in the society. Undoubtedly, social and economic infrastructure desirability in any economy is second-to-none and its sustainability needs to be prioritised. The worsened state of infrastructures and wide gap in its supply in developing economy have warranted this study. The study identified the sustainable tool (PPP) through which infrastructural supply can be enhanced and sustained and it revealed through literature review the major barriers to the tool performance in delivering infrastructures in developing country. Among the major challenges identified from literatures include inadequate consultation of stakeholders for greater acceptance of PPP, conflict of interest among PPP stakeholders, negative behaviour of the people towards PPP, lack of confidence and mistrust in PPP by stakeholders, poor enabling environment for PPP, weak or poor regulatory frameworks, law and regulation changes and weak and poor enabling policies. The barriers identified are due to more to the public than the private and the people. Therefore, the study recommends that beyond the need for stronger collaboration between the public and private sector, government should integrate the people in planning phase of the sustainable tool adoption for public infrastructures delivery. Also, government should build confidence and trust in the parties to PPP by creating enabling environment that can guarantee investors security.