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  • P-ISSN2287-1608
  • E-ISSN2287-1616
  • KCI

An Importance-Performance Gap Analysis for Innovation in Public Transport Financing: Critical Success Factors of Public-Private Partnership in Mass Rapid Transit in Bangkok

Asian Journal of Innovation and Policy / Asian Journal of Innovation and Policy, (P)2287-1608; (E)2287-1616
2024, v.13 no.1, pp.113-132
https://doi.org/10.7545/ajip.2024.13.1.113
Yaowapa Chaiittipornwong (University of Seoul)
Jun-Won Seo (University of Seoul)
Hyeon Park (University of Seoul)

Abstract

This study examines the Critical Success Factors (CSFs) for Mass Rapid Transit (MRT) projects in Bangkok through Public-Private Partnership (PPP) scheme. It measures the relative importance and performance of 22 CSF indicators of PPP for Bangkok's MRT projects and assesses the gap between importance and performance to prioritize the areas for improvement. This study revealed that eight indicators showed lower performance compared to their importance. Based on the gap analysis, the improvement priorities were identified in the following order: sharing information, incorporating technical elements, clarifying the legal framework, stable committee composition, the various finance resources, improved utilization of the PPP act, a transparent procurement process, and tax incentives. The findings of this research offer strategic insights for enhancing guidelines and processes to address the specific challenges in the PPP project, thereby improving the framework and policies necessary for the successful completion of public transportation projects in developing countries.

keywords
Public-Private Partnership; Critical Success Factor; Mass Rapid Transit; Public Transportation; Importance-Performance Gap Analysis
Submission Date
2024-03-21
Revised Date
2024-07-25
Accepted Date
2024-09-23

Asian Journal of Innovation and Policy