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Abdullahi Ahmed, U, Noor Amila Wan Abdullah, Z and Abdul-Rashid, A-A (2021) Malaysian regulators' ranking of PPP contract governance skills. Built Environment Project and Asset Management, 11(1), 88-102.
Almarri, K and Boussabaine, H (2021) Re-evaluating the risk costing agenda in PPP projects. Built Environment Project and Asset Management, 11(1), 22-37.
Chileshe, N and Kavishe, N (2021) Readiness assessment of public-private partnerships adoption in developing countries: the case of Tanzania. Built Environment Project and Asset Management, 11(1), 71-87.
Dolla, T, Devkar, G and Boeing, L (2021) Procurement governance and information asymmetry in waste management of India. Built Environment Project and Asset Management, 11(1), 38-51.
Liu, T, Mostafa, S, Sherif, M and Tuan Son, N (2021) Emerging themes of public-private partnership application in developing smart city projects: a conceptual framework. Built Environment Project and Asset Management, 11(1), 138-56.
Mangu, S, Thillai Rajan, A and Deep, A (2021) Comparison of toll and annuity PPPs: a case study of highway projects in India. Built Environment Project and Asset Management, 11(1), 103-20.
Nguyen, N, Almarri, K and Boussabaine, H (2021) A risk-adjusted decoupled-net-present-value model to determine the optimal concession period of BOT projects. Built Environment Project and Asset Management, 11(1), 4-21.
Nimesha Sahani, J, Chan, D W M and Kumaraswamy, M (2021) A systematic literature review and analysis towards developing PPP models for delivering smart infrastructure. Built Environment Project and Asset Management, 11(1), 121-37.
Sarvari, H, Chan, D W M, Banaitiene, N, Norhazilan Md, N and Beer, M (2021) Barriers to development of private sector investment in water and sewage industry. Built Environment Project and Asset Management, 11(1), 52-70.
- Type: Journal Article
- Keywords: privatization; private sector; water and sewage industry; fuzzy analytic hierarchy process; Iran; productivity; developing countries; public sector; climate change; Delphi method; Iraq
- ISBN/ISSN:
- URL: http://dx.doi.org/10.1108/BEPAM-11-2019-0110
- Abstract:
Privatization is a complex issue in many developing countries; therefore, it is vital to examine the obstacles that prevent its proper implementation. The goal of this study is to identify and analyze the barriers to private sector investment in the Water and Sewage Industry (WSI) and to suggest effective ways to attract the private investors to this sector. The obstacles to private sector investment in the WSI were identified by conducting a desktop literature review and interviewing an expert panel, using the fuzzy Delphi technique. The most important barriers were identified and categorized. A structured survey was then developed and distributed to private sector investment experts. The Fuzzy Analytic Hierarchy Process (FAHP) was applied to further examine the responses and to rank the identified barriers. The results showed that the greatest barrier to privatization is the weakness of insurance companies in controlling investment risks, and the second greatest barrier is the weakness of the country's capitalist culture. A review of recent success stories revealed that these barriers can be overcome with transparent price policies and increased interaction between the public and private sectors, which motivate private investors to invest in the WSI. The elicitation of this study can be useful to both private and public sectors for the development of infrastructure projects, particularly for the WSI.