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Factors influencing the adoption of public–private partnership in low-cost housing development in Myanmar
Journal of Financial Management of Property and Construction ( IF 1.2 ) Pub Date : 2021-02-08 , DOI: 10.1108/jfmpc-01-2020-0003
The Su Nyein , Bonaventura H.W. Hadikusumo

Purpose

To provide low-cost housing, the Myanmar Government is attempting to use public–private partnership (PPP) to attract private investors. However, there is little information concerning the influencing factors for implementing PPP low-cost housing projects in Myanmar. This paper, therefore, aims to identify and analyse these factors.

Design/methodology/approach

A total of 51 in-depth interviews were conducted with interviewees involved in various kinds of housing projects implemented through the adoption of PPP or other approaches. The methods of data collection and the analysis are based on grounded theory (GT) methodology.

Findings

Using the GT method to analyse the interviews, five categories emerged from 50 influencing factors regarding the establishment and implementation of the PPP model for low-cost housing in Myanmar: provision of incentives; obstacles in implementing PPP for all stakeholders; barriers to private sector participation; public sector responsibilities and challenges; and attraction factors and challenges for financial institutions. Among 12 newly found factors, the three most important for PPP low-cost housing in Myanmar are the availability of project funding, the resolution of land-acquisition issues and the development of a sound financing system.

Research limitations/implications

Our findings strengthen previous studies by identifying factors affecting PPP low-cost housing either specific to Myanmar or common among other countries. Of the 50 factors identified, 38 factors were found in previous studies, but 12 are likely specific to Myanmar.

Practical implications

Our findings can be used by governments, particularly the Myanmar Government, and financial agencies to understand the low attractiveness of PPP low-cost housing for investors and to develop/improve policies to stimulate PPP low-cost housing, especially in Myanmar.

Originality/value

Many previous studies have been undertaken to identify factors that influence the implementation of PPP for low-cost housing. However, to the best of the authors’ knowledge, there are no prior studies specific to Myanmar in this context.



中文翻译:

影响缅甸低成本住房开发中采用公私合作伙伴关系的因素

目的

为了提供低成本住房,缅甸政府正试图利用公私合作(PPP)来吸引私人投资者。然而,关于在缅甸实施PPP低成本住房项目的影响因素的信息很少。因此,本文旨在识别和分析这些因素。

设计/方法/方法

对通过PPP或其他方式实施的各类住房项目的受访者进行了51次深度访谈。数据收集和分析方法基于扎根理论(GT)方法。

发现

使用 GT 方法对访谈进行分析,从 50 个影响缅甸低成本住房 PPP 模式建立和实施的影响因素中得出五类:提供激励措施;为所有利益相关者实施 PPP 的障碍;私营部门参与的障碍;公共部门的责任和挑战;金融机构的吸引力因素和挑战。在新发现的 12 个因素中,对缅甸 PPP 廉租房最重要的三个因素是项目资金的可用性、土地征用问题的解决和健全的融资体系的发展。

研究限制/影响

我们的研究结果通过确定影响 PPP 低成本住房的因素来加强以前的研究,这些因素要么是缅甸特有的,要么是其他国家常见的。在确定的 50 个因素中,之前的研究发现了 38 个因素,但其中 12 个可能是缅甸特有的。

实际影响

我们的研究结果可以被政府,特别是缅甸政府和金融机构用来了解 PPP 低成本住房对投资者的低吸引力,并制定/改进政策以刺激 PPP 低成本住房,尤其是在缅甸。

原创性/价值

之前已经进行了许多研究,以确定影响低成本住房 PPP 实施的因素。然而,据作者所知,在这方面没有专门针对缅甸的先前研究。

更新日期:2021-02-08
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