Research on Key Success Factors of China’s Urban Rail Transit PPP Project Based on SEM
Publication: ICCREM 2023
ABSTRACT
With the increasing expansion of China’s urban population and spatial planning, urban rail transit has gradually become a green public transportation mode given priority by people, and PPP mode has been widely used in urban rail transit construction projects. However, due to the characteristics of urban rail transit PPP project itself, such as high integration, large system, involving multi-parties, and so on, the successful construction of the project still has high cost, complex transaction structure, greater risks, and other problems. Therefore, this paper first starts from the key influencing factors, on the basis of literature review, combined with expert interviews, through the questionnaire and factor analysis method to determine the key influencing factors and classification. Secondly, structural equation model was used to explore the deep internal relationship and causative path of key influencing factors. The results show that personnel factors, transaction structure factors, environmental factors, policy factors, and project characteristics all have a significant impact on the success of urban rail transit PPP projects.
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Published In
ICCREM 2023
Pages: 1090 - 1099
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Published online: Nov 30, 2023
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