Risk Identification and Assessment in Malaysian Public-Private Partnership Projects
Publication: Vulnerability, Uncertainty, and Risk: Quantification, Mitigation, and Management
Abstract
In the past two decades, publi- private partnership (PPP) has been one of the prevailing ways for the development of infrastructure in Malaysia. However, it involves many risks and uncertainties due to a large amount of investment and long concession period. It is very important to recognize and find out the ways to cope with the critical risks that are related to the investments made in PPP projects for the foreign investors. The aim of this article is risk ranking associated with the PPP projects using risk matrix. First, the paper reviews the current literature, consultation and a written survey distributed to the panel of experts to identify common risks in PPP projects. The risks identified from the literature were classified according to the type of risk. From the results, it was found that the critical risks associated with the PPP projects include the third party tort liability, interest rate volatility, construction cost overrun and the change in law. This research study is supposed to provide awareness and highlight the management of the risks associated with the PPP risks in Malaysia.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Vulnerability, Uncertainty, and Risk: Quantification, Mitigation, and Management
Pages: 436 - 445
Copyright
© 2014 American Society of Civil Engineers.
History
Published online: Jul 7, 2014
ASCE Technical Topics:
- Bibliographies
- Business management
- Construction engineering
- Construction industry
- Construction management
- Developing countries
- Disaster risk management
- Engineering fundamentals
- Financial management
- Information management
- Infrastructure
- Infrastructure vulnerability
- Investments
- Practice and Profession
- Private sector
- Project management
- Public private partnership
- Risk management
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.