Review of Potentialities and Challenges of Public Private Partnership: Evidence from Bangladesh

Ullah, Nazim and Belal Onisha, Afraiem and Evnath Khanam, Anisa and Rahman, Fariha and Jahan, Israt (2023): Review of Potentialities and Challenges of Public Private Partnership: Evidence from Bangladesh.

Abstract

Public private partnership plays significant roles bringing foreign investment into Bangladesh. The objective of the paper is to find of Potentialities and Challenges of Public Private Partnership Implementing Mega Project in Bangladesh. Furthermore, the paper also looks for critical success factors for implementing public private partnership in Bangladesh namely strong legal and regulatory frameworks, transparent procurement processes, stakeholder engagement, and effective risk allocation. The authors have been able to review more than thirty investigations over a ten years period, from 2013 to 2022. The paper is theoretical and analytical in nature and secondary method has applied. The findings of the study suggest that Public private partnership have the potential to accelerate infrastructure development in Bangladesh, but their implementation requires a robust legal and regulatory framework, an effective procurement process, and strong institutional capacity. The study also underscores the need for collaboration between the public and private sectors to create an environment that fosters Public private partnership and promotes sustainable infrastructure development in Bangladesh. Overall, this paper provides valuable insights for policymakers, investors, and other stakeholders interested in the potentialities and challenges along with several success factors of Public private partnership in implementing mega projects in Bangladesh.

• Item Type: MPRA Paper
• Language: English
• Keywords: Public private partnership, Challenges, Potentialities, Factors, Bangladesh
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G38 - Government Policy and Regulation

References

Ahmad, Z., Mubin, S., Masood, R., Ullah, F., & Khalfan, M. (2022). Developing a Performance Evaluation Framework for Public Private Partnership Projects. Buildings, 12(10), 1563. Ahmadabadi, A. A., & Heravi, G. (2019). The effect of critical success factors on project success in Public-Private Partnership projects: A case study of highway projects in Iran. Transport Policy, 73, 152-161. Batjargal, T., & Zhang, M. (2021). Review of key challenges in public-private partnership implementation. Journal of Infrastructure, Policy and Development, 5(2), 1378. Batjargal, T., & Zhang, M. (2022). Review on the Public-Private Partnership. Management, 10(1), 1-11. Dolla, T., & Laishram, B. (2020). Factors affecting public-private partnership preference in Indian municipal waste sector. International Journal of Construction Management, 20(6), 567-584. Fernando, S. N. (2019). A Review of Challenges to Attract Public Private Partnership (PPP) Investments to Power Generation Infrastructure In Sri Lanka (SL). Sri Lanka Journal of Marketing, 5(1), 1-17. Jayasuriya, S., Zhang, G., & Jing Yang, R. (2019). Challenges in public private partnerships in construction industry: A review and further research directions. Built Environment Project and Asset Management, 9(2), 172-185. Kaur, S., & Malik, S. (2020). Determinants of public–private partnerships: a state-level empirical analysis of India. Property Management, 38(4), 597-611. Kavishe, N., & Chileshe, N. (2019). Critical success factors in public-private partnerships (P3s) on affordable housing schemes delivery in Tanzania: A qualitative study. Journal of facilities management, 17(2), 188-207. Kavishe, N., & Chileshe, N. (2019). Critical success factors in public-private partnerships (P3s) on affordable housing schemes delivery in Tanzania: A qualitative study. Journal of facilities management, 17(2), 188-207. Kavishe, N., & Chileshe, N. (2022). Development and validation of public–private partnerships framework for delivering housing projects in developing countries: a case of Tanzania. International Journal of Construction Management, 22(5), 873-890. Koppenjan, J., Klijn, E. H., Verweij, S., Duijn, M., van Meerkerk, I., Metselaar, S., & Warsen, R. (2022). The performance of public–private partnerships: An evaluation of 15 years DBFM in Dutch infrastructure governance. Public Performance & Management Review, 45(5), 998-1028. Neupane, P. (2020). Public Private Partnership in Land Readjustment Project: A Case Study of Nepal. Ozioma, O. A. H., Abomeh, O. S., & Nkiru, O. C. (2020). Public-private partnership and infrastructural development: implications for economic diversification in Abuja, Nigeria. Academy of strategic management journal, 19(1), 1-10. Shah, S. A. A. (2019). Determinants of public-private-partnership performance: the case of Pakistan (Doctoral dissertation, James Cook University). Sinha, A. K., & Jha, K. N. (2021). Financing constraints of public–private partnership projects in India. Engineering, Construction and Architectural Management, 28(1), 246-269. Yu, C. and Lam, K. (2013), “A decision support system for the determination of concession period length in transportation project under BOT contract”, Automation in Construction, Vol. 31, pp. 114-127.