Assessing the prospect of a common PPP framework for ASEAN

Abdul Rashid, Khairuddin (2015) Assessing the prospect of a common PPP framework for ASEAN. In: The 2nd International Conference on ASEAN Community 2015, 2-3 March 2015, Kuala Lumpur Malaysia. (Unpublished)

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Abstract

ASEAN aspires to achieve regional economic integration by 2020 (ASEAN Economic Community or AEC). The most significant target of the AEC is perhaps the establishment of a well-connected, highly competitive and resilient ASEAN wherein people, goods, services and capital are closer together. Infrastructure therefore is urgently needed. Among the constraints in establishing infrastructure is the inability of member countries to provide adequate funding. Consequently, they entice their private sectors to assist through the provision of funds as well as expertise. Public-Private cooperation via the Public Private Partnerships or PPP is seen by ASEAN as among the most viable alternative. This paper, prepared via desk research, examines PPP implementation in ASEAN member countries and assesses the prospect of having a common PPP framework for ASEAN. In conducting the assessment PPP implementation framework within the European Union (EU) is used as benchmark. The key findings include that country specific PPP implementation framework exits in each ASEAN member countries but the framework differs from one country to another. In addition, ASEAN member countries are at different stages of PPP implementation maturity. The diverse PPP implementation framework may not be beneficial or could even act as among the impediments towards the realization of AEC 2020. The paper concludes with views on the prospect of a common PPP implementation framework for ASEAN and highlights, for initial consideration, key areas considered apt to be harmonized. Keywords: ASEAN, Construction, Economy, Funding, Governance, Infrastructure, Public-Private-Partnerships, PPP

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	5137/48710
Uncontrolled Keywords:	contract; incomplete contract; Private Finance Initiative (PFI); concession contract;transaction cost; bounded rationality
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance > HJ7451 Expenditures. Government spending H Social Sciences > HJ Public Finance > HJ8003 Public credit. Debts. Loans. Claims T Technology > TA Engineering (General). Civil engineering (General) > TA190 Management of engineering works T Technology > TH Building construction > TH1000 Systems of building construction
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying
Depositing User:	Professor Khairuddin Abdul Rashid
Date Deposited:	27 Jan 2016 15:14
Last Modified:	09 Feb 2016 21:56
URI:	http://irep.iium.edu.my/id/eprint/48710

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