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Appraising the Barriers to Public-Private Partnership as a Tool for Sustainable Development of Infrastructures in a Developing Economy

Ojelabi, Rapheal A. and Fagbenle, Olabosipo I. and Afolabi, A.O. and Tunji-Olayeni, P .F and Amusan, L. M. (2018) Appraising the Barriers to Public-Private Partnership as a Tool for Sustainable Development of Infrastructures in a Developing Economy. In: IOP Conf. Series: Earth and Environmental Science.

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Abstract

The quest for sustainable development has been a subject discourse across the globe. Sustainable development has been deemed to be the pathway to all that is good and desirable in the society. Undoubtedly, social and economic infrastructure desirability in any economy is second-to-none and its sustainability needs to be prioritised. The worsened state of infrastructures and wide gap in its supply in developing economy have warranted this study. The study identified the sustainable tool (PPP) through which infrastructural supply can be enhanced and sustained and it revealed through literature review the major barriers to the tool performance in delivering infrastructures in developing country. Among the major challenges identified from literatures include inadequate consultation of stakeholders for greater acceptance of PPP, conflict of interest among PPP stakeholders, negative behaviour of the people towards PPP, lack of confidence and mistrust in PPP by stakeholders, poor enabling environment for PPP, weak or poor regulatory frameworks, law and regulation changes and weak and poor enabling policies. The barriers identified are due to more to the public than the private and the people. Therefore, the study recommends that beyond the need for stronger collaboration between the public and private sector, government should integrate the people in planning phase of the sustainable tool adoption for public infrastructures delivery. Also, government should build confidence and trust in the parties to PPP by creating enabling environment that can guarantee investors security.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > T Technology (General)
T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 15 May 2018 09:00
Last Modified: 15 May 2018 09:00
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10802

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