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Chen, C (2008) Risks in PPP: process and institutional analyses. In: Dainty, A (Ed.), Proceedings 24th Annual ARCOM Conference, 1-3 September 2008, Cardiff, UK. Association of Researchers in Construction Management, Vol. 1, 517–26.
- Type: Conference Proceedings
- Keywords: actor interaction; institutions; Public Private Partnerships; risk; Taiwan
- ISBN/ISSN: 978-0-9552390-1-4
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2008-517-526_Chen.pdf
PPP has been pursued as the new governance form in worldwide experience, although it still encounters the difficulties in the existing institutional environment. From the perspective of analysing risks which derive from institutional weaknesses, this paper aims to reveal the process and institutional features of PPP project. Through examining the Electronic Toll Collection project in Taiwan, the analysis argues that the institutional features of the project have the impact on the process of actor interaction which leads to the eventuation of certain risks and the actual risk allocation in post contract stage that differ from the expected. The institutional weaknesses, particularly in the aspect of over zealous political attitude to PPP, the lack of public participation and the inadequate legal framework require further attention in PPP development.