Management of public-private partnership projects, Development of a model for the selection of transportation projects based on the concept of sustainability

Articles in Press

Document Type : Original Article

Authors

1 Architectural Department,, Islamic Azad University, West Tehran branch, Tehran, Iran

2 Civil engineering, Islamic Azad University, South Tehran branch, Tehran, Iran

10.22034/road.2023.420836.2212

Abstract

The limitation of budget resources to complete half-finished projects has caused a large number of government agencies and the public sector to monitor the attraction of private investors and to hold numerous calls to attract investors through public-private partnerships in the country. But all the projects defined for this method have not been successful and sometimes they have faced failure and waste of high preparation costs. In this article, a screening model has been developed that helps public sector employers to determine the chance of project success before holding a call and provides a tool for selecting projects in the organization's investment portfolio. For this purpose, the success criteria of public-private partnership projects in Iran were identified and categorized in the form of quantitative criteria. Then, a multi-criteria decision-making model based on the TOPSIS model has been developed, which can quantitatively measure the chance of success of each project and select projects based on the resilience of the business organization. The results of the implementation of the proposed model in several case projects in the field of urban transportation show that in order to achieve a balanced portfolio of public-private partnership projects, in addition to the characteristics of the project, the public sector must also pay attention to capacity building to accept more risks and control the social aspects of the project.

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