Question

describe the five potential risks or challenged faced by the stakeholders in thr implementation of the PPP approach in Singapore.

Answer 1

The PPP approach stands for Public Private Partnership Approach.

Singapore is the first southeast Asian country to have implemented the PPP approach for infrastructure devlopment.

Some of the challenges faced by the stakeholders in the implementation of the PPP approach are as below:

1. Since the PPP is a partnership between the government and the private sector the Private sector is concerned more on Profitability whereas the Public sector or the government is concerned more about the risks and the regulations

2. There may be low quality or faulty amenities used in the projects taken up thereby reducing the cost and increasing revenue. This may pose a threat to the common public

3. The PPP approach was built in such a way that it should run primarily as a commercial venture, however companies were expected to discount their commercial interests for the good of the nation, this has even lead the government to rule out the involvement of private sectors in some of the projects (Terminal 5 as an example)

For this approach to really work out, there has to be a Roadmap chalked out so that this is profitable as well as follows all the regulations and the good of the nation is kept into consideration.