Stakeholder Perspectives in Value for Money Assessment for Public-Private Partnership Infrastructure Projects
Abstract
This study investigates stakeholder alignment dynamics in Value for Money (VfM) assessment for Public-Private Partnership (PPP) infrastructure projects, addressing how diverse stakeholder perspectives converge or diverge during project evaluation. Employing a mixed-methods research design, this study analysed quantitative survey data from 307 stakeholders (public sector representatives, private developers, financiers, and community leaders) and qualitative insights from 15 semi-structured interviews. Data analysis utilized Relative Importance Index (RII) analysis complemented by thematic analysis of interview transcripts. Results reveal significant stakeholder priority variations: public sector entities emphasize strategic alignment and socioeconomic benefits (RII = 0.908 and 0.852 respectively), private partners prioritize profitability and risk mitigation (RII = 0.898 and 0.856), community stakeholders focus on service quality and affordability (RII = 0.920 and 0.900), while financiers emphasize project bankability (RII = 0.910). Despite these differences, strong overall alignment exists suggesting fundamental agreement on VfM principles. This research contributes actionable frameworks for enhancing stakeholder alignment through early engagement protocols, transparent procurement processes, and multi-dimensional assessment frameworks that balance financial, social, environmental, and governance dimensions.
Keywords
Value for Money, Public-Private Partnership, Stakeholder Engagement, Infrastructure Projects, Stakeholder Alignment, Multi-dimensional
Citations
IRE Journals:
John Rwang Bwarak, Isaac Ali Bobai, Mirriam Pam, Akinbola Kazeem Bolayemi, Ezekiel Agah Rugu "Stakeholder Perspectives in Value for Money Assessment for Public-Private Partnership Infrastructure Projects" Iconic Research And Engineering Journals Volume 9 Issue 9 2026 Page 2696-2704 https://doi.org/10.64388/IREV9I9-1715562
IEEE:
John Rwang Bwarak, Isaac Ali Bobai, Mirriam Pam, Akinbola Kazeem Bolayemi, Ezekiel Agah Rugu
"Stakeholder Perspectives in Value for Money Assessment for Public-Private Partnership Infrastructure Projects" Iconic Research And Engineering Journals, 9(9) https://doi.org/10.64388/IREV9I9-1715562
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