Title: Public-private partnership model selection for dry port development: an application to Vietnam

Authors: Lam Canh Nguyen; Theo Notteboom

Addresses: Faculty of Applied Economics, University of Antwerp, Kipdorp 59, 2000 Antwerp, Belgium ' China Institute of FTZ Supply Chain, Shanghai Maritime University, 1336 Dongming Road, Pudong New Area, Shanghai, China; Maritime Institute, Faculty of Law, Ghent University, Belgium; Faculty of Applied Economics, University of Antwerp, Belgium; Antwerp Maritime Academy, Belgium

Abstract: This paper aims at building a conceptual framework to support decision makers in selecting the best public-private partnership (PPP) model for dry port development. We focus on a classification of four PPP categories: contracting out, inland terminal concession, field concession and privatised ownership. The framework is based on a multi-criteria analysis with benefit-risk approach. Using multi-stakeholder theory, we break down the benefit hierarchy in benefits to public and community actors, benefits to private investors and financiers and benefits to dry port users. We also present a typology on the risk management ability of each model at the macro, meso and micro levels. The proposed framework is applied to the Vinh Phuc ICD project in Vietnam. In the case study, the four PPP models are assessed on their suitability and risk profile to find the preferred PPP model. The robustness of the outcomes is further tested using a sensitivity analysis.

Keywords: public-private partnership; PPP; dry port; multi-criteria; Vietnam; stakeholders; benefit-risk analysis.

DOI: 10.1504/WRITR.2017.086208

World Review of Intermodal Transportation Research, 2017 Vol.6 No.3, pp.229 - 250

Received: 04 Oct 2016
Accepted: 26 Jan 2017

Published online: 03 Sep 2017 *

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