Bosire, Linet K (2015) Determinants of Success of Urban Infrastructure Projects Financed by Public Private Partnerships in Kenyan Counties. Masters thesis, University of Nairobi.
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Abstract
With the implementation of devolution in Kenya where county governments are responsible for development projects in decentralized regions in Kenya, urban infrastructure projects and their financing mode is of importance in academic discussions, government policies and public sector financial management. Various county governments have initiated PPP projects for infrastructure development to suffice their mandate; however, there is scanty academic information on the factors that determine the success of attracting funding for such projects as well as the factors for the success of the projects themselves. The constraints identified to hinder the success include financial constraints, government constraints and economic constraints. This descriptive study therefore sought to establish the determinants of success of urban infrastructure projects financed by public private parternerships in Kenyan counties. Primary data was collected using a semistructured questionnaire targeting 47 county employees responsible for PPP projects implementation. 41 questionnaires were returned providing a response rate of 87.23%. The study finds that all the counties have PPP units which is in line with the national governments initiative to encourage PPP funding for projects for improving infrastructure levels across the counties. It also found that 70.73% of the counties have in place PPP implementation guidelines which are instrumental in guiding the process. The study finds that 26.2 % of variations in the proportion of urban infrastructure projects funded within the PPP framework are explained by changes in macro economic conditions, government guarantees, project implementability and procurement process. The findings show a statistically significant positive relationship between government guarantess and success of the projects. There is also a statistically significant negative relationship between macro-economic conditions and success of the projects. The study also notes a positive relationship between project implementability and sucess as well as a negative relatioship between procurement process and project success. The relationships are not statistically significant. The study recommends that government should support infrastructural development by providing project guarantees and ensuring the macro-economic environment is sound for private investments. Further, counties should address the concerns on procurement transparency and they should enhance their capacity for project feasibility inquiries, design and implementation. The study recommends further investigations on why various proposed projects are not financed and the studies should consider the other possible control variables outside the scope of the current study that may explain the variations in the success of the projects.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Africana |
| Depositing User: | Mr Nahum Osman |
| Date Deposited: | 29 Jun 2016 08:10 |
| Last Modified: | 29 Jun 2016 08:10 |
| URI: | http://thesisbank.jhia.ac.ke/id/eprint/561 |
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