Understanding project cancellation risks in U.S. P3 surface transportation infrastructure

Public private partnership (P3) projects can face many internal and external risks affecting their development and implementation. As a result, this research explores the understudied risk factors underlying the U.S.’ cancelled, deferred, and terminated (CDT) P3 projects. A database of CDT projects is developed. Of the projects identified as the U.S. surface transportation P3 population, 46% (31 out of 68) experienced cancellation, deferment or early contract termination. The research then applied a risk typology and a multi-case study method to the troubled cases to identify common risk factors. Data collection focused primarily on the identification of political (public and political voice, bureaucratic complexity) and economic risk factors. The most frequently identified factors across the 31 cancelled, deferred, or terminated cases include political opposition, local opposition, and inadequate demand projections. Since the paper studies the entire U.S. surface transportation P3 project population, the results serve to inform public agencies and private sector actors of possible friction points meriting consideration during P3 procurement planning.

• Record URL:
  • https://doi.org/10.1016/j.tranpol.2019.10.009
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0967070X19305013
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • © 2019 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
• Authors:
  • McCarthy, Lauren N
  • Bolaños, Lisardo
  • Kweun, Jeong Yun
  • Gifford, Jonathan L
  • 0000-0001-6216-2118
• Publication Date: 2020-11

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 197-207
• Serial:
  • Transport Policy
  • Volume: 98
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Case studies; Economic factors; Ground transportation; Infrastructure; Political factors; Procurement; Project delivery; Public private partnerships; Risk analysis
• Geographic Terms: United States
• Subject Areas: Administration and Management; Economics; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01740970
• Record Type: Publication
• Files: TRIS
• Created Date: May 26 2020 10:43AM