PPP Model for Airport Development in China: An Assessment of Risks and Potential Solutions

Jiajun Chu

doi:10.54691/bcpbm.v29i.2286

Authors

Jiajun Chu

DOI:

https://doi.org/10.54691/bcpbm.v29i.2286

Keywords:

Public-Private Partnership, China, Airport, Risk, Factor, Potential Solution

Abstract

Public-Private Partnership (PPP) models are widely popular all over the world. China witnesses an extraordinarily economic growth and has used a great-amount PPP models in transport infrastructure such as express railway, express highway, municipal road and so on. However, PPP models are still immature in airport in China due to its political, economic, and legal environment. Although many researchers have investigated some reasons of this phenomenon, it is still necessary to investigate more because the PPP models have not been applied in airport nowadays. This paper found the huge amount of investment and long period hinder the application of PPP in airport most, according to questionnaires and interviews from public. And we also proposed several potential solutions, such as making multi-stage development strategy, selling real estate development right near the airport and adding more recreation facilities at the airport, which are helpful to promote the utilization of PPP in airport.

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References

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