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Strategies to create an enabling environment for public private partnership (PPP) projects in Sri Lanka.

Version 2 2024-06-02, 23:17
Version 1 2023-07-28, 03:30
conference contribution
posted on 2024-06-02, 23:17 authored by Tharaka Kodippili, Gayani KarunasenaGayani Karunasena, BH Mallawarachchi, Shashini Jayakodi
Public Private Partnership (PPP) projects have become a proven method of infrastructure procurement to achieve higher rate of economic growth in the most developing countries. However, researches carried out in similar fields have identified that lack of enabling environments hinder implementation of PPPs. Thus, the purpose of this paper is to propose strategies to create enabling environments for PPP projects in Sri Lanka. Nineteen semi-structured interviews were conducted to ascertain viewpoints of experienced professionals in fields of strategic planning and PPPs. The collected data was analysed using content analysis techniques. It was revealed that creation of a national PPP policy, establishment of a national PPP unit, creation of a private sector infrastructure development fund and making necessary legislative amendments as key strategies to create an enabling environment for PPPs in any developing nation. This research gives a significant basis of long term and short-term strategies that have to be made in five fronts of policy, legal, institutional, financial and communication frameworks for enabling PPPs. The proposed strategic outline is probable to implement, however, it requires a detailed study and further validation prior implementation.

History

Pagination

973-984

Location

Colombo, Sri Lanka

Start date

2023-07-21

End date

2023-07-22

Language

English

Publication classification

E1 Full written paper - refereed

Title of proceedings

WCS 2023 : Proceedings of the 11th World Construction Symposium

Event

World Construction Symposium. (11th : 2023 : Colombo, Sri Lanka)

Publisher

Ceylon Institute of Builders

Place of publication

Colombo, Sri Lanka

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