Key Performance Indicators for Life Cycle Performance Measurement of PPPs in Sustainable Port Development Projects
Public-Private Partnerships (PPP) are contractual relationships between the public and private sectors in infrastructure development and have been applied widely in the global construction market. The Port sector is one among the top sectors in which PPP arrangement is used widely. As a crucial part of the multimodal transport, ports are of great economic and strategic importance for the country. Therefore, the performance evaluation of Port projects implemented as PPPs should be given due importance. This project aims to develop a set of Key Performance Indicators (KPIs) for the life cycle performance measurement of PPPs in sustainable port development projects. 47 KPIs were identified from literature and opinions of practitioners in the field were investigated through a questionnaire survey. The significance and correlations between elements in the model were established using Principal Component Analysis, resulting in a refined version of the KPI set. New KPIs obtained from the survey were also incorporated into the final set. Based on the results, a conceptual model of KPIs and associated stakeholders was developed, as a phase wise relevance matrix.
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