Critical Success factors of public private partnership projects in Iran, private ‎sector investment in infrastructure projects

Document Type : Research Article

Authors

1 Assistant Professor, Civil Engineering Department, West Tehran Branch, Islamic Azad University

2 Islamic Azad University, South Tehran

Abstract

Despite the expansion of public-private partnership in the world, the amount of private sector investment in Iran's infrastructure projects is lowe. In this article, the success factors of public-private partnership, specific to Iran's business environment, have been identified and their priority has been analyzed from the point of view of different stakeholders. By nominal group method, 23 success criteria of Iran's public-private partnership were identified and practical solutions to overcome them were proposed. The results of this research show that the most important success factors of public-private partnership in Iran include the project's profit rate, the employer's experience in project management, how to share risks between the two parties to the contract, and the transparency of the tender. The analysis of the results of the evaluations carried out by the private sector and the public sector in this article shows that there is a big difference between the priorities of the two parties. From the point of view of private sector, the main obstacle to public private participation in Iran is the adherence of executive bodies to contractual obligations. From the point of view of the public sector, the main priority against the development of public-private partnership is ambiguity in the laws and powers of public sector decision-makers. Therefore, it is suggested that by passing special laws for public-private partnership, while providing legal incentives and exemptions for financial support of private investors, efforts should be made to increase transparency in the decision-making process of the public sector.

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Amirkabir Journal of Civil Engineering
Volume 56, Issue 8
November 2024
Pages 3-3

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