Research On Critical Success Factors Of PPP Mode For Quasi-operational Urban Infrastructure

In recent years, PPP (Public-Private Partnership) model has been widely used inthe field of infrastructure projects.It not only improve the supply capacity ofinfrastructure projects, but also make use of social idle funds to solve the problem ofconstruction funding shortage effectively. But some bad phenomenon still exist in thePPP project implementation in our country, such as promises not kept, the projectnature has changed and so on, so that only a small amount of the PPP projects can runnormally at present, most of the PPP projects fail to achieve the expected benefits.Oncethe project failure,it means not only a waste of social resources, the safety of socialpublic life and property will be greatly impacted.Therefore, exploreing the criticalsuccess factors for quasi-operational infrastructure PPP projects to provide thetheoretical reference for other quasi-operational infrastructure PPP projects toimplement and control successfully, not only has important theoretical significance, butalso has important practical value.The paper Papers finds out the blank problem of previous study through literaturestatistical study of PPP mode and CSF published in top journals abroad, on this basis theresearch studied the following several aspects:Firstly,the paper introduced the definition of domestic and international authorityon the PPP model, and define the concept and features of quasi operational projects.Thepaper analyzes the current situation of domestic infrastructure division, using themethod of system clustering to divided six types of infrastructure into public, business,business types quantitatively,so as to define the scope of the research object; the paperanalyzes current situation of urban infrastructure investment in combination with urbanconstruction statistical yearbook data, and demonstrate the feasibility of PPP modelapplied to the quasi-operational infrastructure projects.Secondly, this paper identified33success factors from the government, the privatesector, design, construction and other participating subject Angle through the method ofliterature review and combining with the characteristics of quasi operationalinfrastructure projects; on this basis,the paper designed questionnaire,and Issuequestionnaire to those main participations who have practice experience of quasi-operational infrastructure PPP projects, and finally recovered133valid questionnaires;furthermore this paper identified14CSFs of quasi-operational infrastructure PPP projects and determine the relative importance of each factoras on the basis of entropymethod, factor analysis theory and SPSS software. The author constructed the controlflow diagram of quasi-operational infrastructure PPP model for successfulimplementation in accordance with the process and results of the CSFs.Finally,the paper made depth analysis on14critical success factors with actualprojects, and made recommendations accordingly; then select the Beijing Metro LineProject and the Chengdu International Convention and Exhibition Center Project toconduct empirical analysis in combination with the project background and operationalstatus,and verified the critical success factors identified in this article, as well as theresearch results provide theoretical guidance on the control of other quasi-operationalinfrastructure PPP projects.