Institutional Ontology of Sustainability Principles Integration in Public-Private Partnerships (PPP) Infrastructure Projects: A Systematic Review
Journal Title: International Journal of Humanities and Social Science Invention - Year 2017, Vol 6, Issue 10
Abstract
The objective of this paper is to determine the Institutional ontology of sustainability principles integration in Public-Private Partnerships (PPP) urban projects. The paper utilizes a literary analysis based methodology to collect data and analyze infrastructure cases through the use of guidelines and procedures of the Campbell protocol, we assessed 972 articles. Descriptive analysis of PPP infrastructure projects from best case practices result in recurring principles about connecting PPP and sustainability. Findings confirm that, value for money constitutes a key driver for PPPs. Intrinsic to this driver is strong and supporting regulatory framework that seek to establish, protect and incentivize partnerships between the public and private sectors for the attainment of sustainable development outcomes in PPP infrastructure projects. The paper suggests that operating regulations as regard the integration of sustainability principles in PPPs should constitute at least the following elements: conditions and criteria for entry of a private sector entity into PPPs; competitive bidding systems for PPP contracts; provision of autonomy of private partners and delineation of roles of partners; contract risk management and supervision of private sector partners. Also, these elements could serve as the evaluative criteria for more rigorous studies on the integration of sustainability principles in PPP infrastructure projects.
Authors and Affiliations
Adebayo Abimbola, Olanrewaju Taiwo
Keywords
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