Risk allocation for infrastructure projects by PPPs - under environmental management and risk assessment mechanisms
| Autor: | Mohamed R. Hagag, Pasent H. A. Yousef, Ahmed M. Selim |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Sustainable development
Transparency (market) business.industry 020209 energy Environmental resource management 0211 other engineering and technologies Developing country Analytic hierarchy process 02 engineering and technology Management Science and Operations Research Private sector Competition (economics) Public–private partnership Transparency (graphic) General partnership 021105 building & construction 0202 electrical engineering electronic engineering information engineering Business Statistics Probability and Uncertainty Business and International Management Risk assessment |
| Zdroj: | International Journal of Risk Assessment and Management. 22:89 |
| ISSN: | 1741-5241 1466-8297 |
| Popis: | Infrastructure projects are considered one of the pillars for achieving urban sustainable development socially, economically and environmentally, as they reflect the progress of countries. Due to the importance and high cost of these projects and as a result of the insufficiency of available balanced funding of governments particularly in developing countries, therefore, many governments implement such projects through partnership with the partners especially the private sector (PPP) to ensure high quality service and low cost advanced technology by activating the principle of value for money and through competition between local and international private sector companies in a framework of transparency. This paper discusses the contractual relations between parties of partnerships in these projects and the mechanism of distributing the risks to parties during the different phases of the project by assigning risk indicators at relative weight through analyzing the probability of occurrence of these risks using the Analytical Hierarchy Process (AHP) and taking in consideration Environmental management mechanisms as part of the risk indicators to ensure the success of the project in an environmental framework that achieves the concept of sustainable development and its economic, social and environmental aspects. |
| Databáze: | OpenAIRE |
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