Screening of Public-Private Partnership Transportation projects, Developing a ‎model for success assessment and resource allocation

Articles in Press

Document Type : Original Article

Authors

1 Assistant Professor, Art and Architectural Faculty, Islamic Azad University, West Tehran Branch, Tehran, Iran

2 MSc , Civil Engineering Department, Islamic Azad University, South Tehran branch, Tehran, Iran

10.22065/jsce.2024.408486.3180

Abstract

The limitation of public resources to complete half-finished projects has ‎caused many government agencies and the public sector to focus on ‎attracting private investors, and numerous calls for attracting investors ‎through public-private partnership have been held in the country. But all ‎the projects defined for this method have not been successful and sometimes ‎they have faced failure and waste of high preparation costs. In this article, a ‎screening model has been developed that helps public sector employers to ‎determine the chance of project success before holding a call and provides ‎a tool for selecting projects in the organization's investment portfolio. For ‎this purpose, the success criteria of public-private partnership projects in ‎Iran were identified and categorized in the form of quantitative criteria. ‎Then, a multi-criteria decision-making model based on the TOPSIS model ‎has been developed, which can quantitatively measure the chance of success ‎of each project and finally select a portfolio of public-private partnership ‎projects based on the budget available to the client. The proposed model ‎has been implemented in order to select Tehran municipality projects in the ‎field of transportation and traffic. The results of the implementation of the ‎proposed model in an institution in charge of the public transportation field ‎show that the selection of the portfolio of investment projects, in addition to ‎paying attention to the limitation of the employer's resources, requires ‎considering certain features in the definition of projects and structuring the ‎employer's organization to manage collaborative projects that they to ‎attract private investors.‎

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Journal of Structural and Construction Engineering

Articles in Press, Accepted Manuscript
Available Online from 01 January 2024

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History

  • Receive Date: 15 August 2023
  • Revise Date: 12 December 2023
  • Accept Date: 01 January 2024

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