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Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate pp 379–389Cite as

Identification of the Residual Value Risk Factors for Road PPP Projects in China: Questionnaire Survey and Analysis

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Abstract

With the increasing use of Public–Private Partnership (PPP) mode in road construction, the discrepancy between residual value and agreement of PPP projects in the transition phase has become a prominent problem. Though the risk management of road PPP projects has been lucubrated, systematic research of residual value of them are still in a state of blank. Research described in this paper aims to identify the residual value risk (RVR) factors of road PPP projects and find out the key factors of them. RVR factors of road PPP projects were first identified through the method of literature collection. In this research, 29 RVR factors were identified which were divided into 4 packages. The importance degree of each factor was then presented via descriptive analysis and confirmatory factor analysis based on the data of a questionnaire survey which explored PPP experts’ perceptions of 29 factors. The order of the importance degree of each factor indicates that the incidence of residual risks within road PPP projects is strongly influenced by organizational risk, design risk, construction costs, quality of projects, operating costs, quality of service, maintenance costs, market demand and toll pricing. These 29 factors can be used to recognize the risk source and reduce the incidence of residual risks of road PPP projects.

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Acknowledgments

The authors’ special thanks go to all and reviewers of the paper, and to the National Natural Science Foundation of China (NSFC-71001027, 71472037), Social Foundation of Jiangsu Province, China (13GLB005), Program for Outstanding Young Teachers of Southeast University (2242015R30009), and the Fundamental Research Funds for the Central Universities for financially supporting this research.

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Authors and Affiliations

  1. Department of Construction Management and Real Estate, Southeast University, Nanjing, China

    Yingjie Shao, Jingfeng Yuan & Qiming Li

Authors
  1. Yingjie Shao
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  2. Jingfeng Yuan
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  3. Qiming Li
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Corresponding author

Correspondence to Yingjie Shao .

Editor information

Editors and Affiliations

  1. Department of Land Management, Zhejiang University, Hangzhou, Zhejiang, China

    Yuzhe Wu

  2. Department of Land Management, Zhejiang University Department of Land Management, Hangzhou, Zhejiang, China

    Sheng Zheng

  3. Department of Land Management, Zhejiang University , Hangzhou, Zhejiang, China

    Jiaojiao Luo

  4. Department of Land Management, Zhejiang University , Hangzhou, Zhejiang, China

    Wei Wang

  5. Department of Land Management, Zhejiang University , Hangzhou, Zhejiang, China

    Zhibin Mo

  6. Department of Land Management, Zhejiang University , Hangzhou, Zhejiang, China

    Liping Shan

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Shao, Y., Yuan, J., Li, Q. (2017). Identification of the Residual Value Risk Factors for Road PPP Projects in China: Questionnaire Survey and Analysis. In: Wu, Y., Zheng, S., Luo, J., Wang, W., Mo, Z., Shan, L. (eds) Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate. Springer, Singapore. https://doi.org/10.1007/978-981-10-0855-9_33

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  • DOI: https://doi.org/10.1007/978-981-10-0855-9_33

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-10-0854-2

  • Online ISBN: 978-981-10-0855-9

  • eBook Packages: EngineeringEngineering (R0)

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