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Risk Allocation in Public–Private Partnership Infrastructure Projects in Developing Countries: Case Study of the Tehran–Chalus Toll Road

Authors: Gholamreza Heravi; Zeinab Hajihosseini;

Risk Allocation in Public–Private Partnership Infrastructure Projects in Developing Countries: Case Study of the Tehran–Chalus Toll Road

Abstract

AbstractAll over the world, limited funding for the development and operation of infrastructure projects propels governments to attract private investment and enter public–private partnerships (PPPs). Different types of PPPs have been practiced in infrastructure development in both developed and developing countries, with diverse results. Although PPPs have many advantages, they involve some complexities in planning, execution, and monitoring and control that vary according to specific project and country conditions. This paper provides a case study of the Tehran–Chalus Toll Road project, one of the largest highway projects in Iran. The authors analyze the contract organization of the PPP project, identify the most important risks, compare the project’s organization with successful and unsuccessful experiences in similar PPP projects, and suggest ways to improve risk allocation to achieve better project performance for this and other PPP projects in developing countries.

Related Organizations
Subjects by Vocabulary

Microsoft Academic Graph classification: Finance Economic growth business.industry Developing country Toll road Investment (macroeconomics) Private sector Public–private partnership Project management business Risk assessment Risk management

Keywords

Civil and Structural Engineering

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  • citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    71
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
71
Top 10%
Top 10%
Top 10%
bronze