Title: Towards resilient infrastructure: identifying and prioritising important risk factors in PPP road projects

Authors: Sarthak Bhatt; MohammedShakil S. Malek; Jayesh Juremalani

Addresses: Civil Engineering Department, Parul University, Vadodara, Gujarat, India ' F.D. (Mubin) Institute of Engineering and Technology, Gandhinagar, Gujarat, India ' Civil Engineering Department, Parul University, Vadodara, Gujarat, India

Abstract: This research aims to identify and assess important risk factors (IRFs) that impact Indian road projects implemented via public-private partnership (PPP). Thirty-seven IRFs, which specialists from various fields had approved, were analysed using questionnaire surveys that included important project stakeholders and academics. Using the importance index method, researchers identified two critical and seventeen very relevant risk variables across the six phases of the project. The investigation utilises rigorous statistical approaches to assess perceptions, focusing on Gujarat, India. The results provide a detailed understanding of the complex environment of IRFs in PPP road projects, delivering practical insights that can be used for project planning and risk management. This study provides crucial insights into the dynamics of PPP in the context of the Indian road sector. It helps in making well-informed decisions and promoting resilience in infrastructure development projects.

Keywords: important risk factors; IRFs; Gujarat; highway; India; roads; public-private partnership; PPP.

DOI: 10.1504/IJBCRM.2024.142656

International Journal of Business Continuity and Risk Management, 2024 Vol.14 No.4, pp.413 - 435

Received: 17 May 2024
Accepted: 04 Jul 2024
Published online: 14 Nov 2024 *

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