Viability of Public-Private Partnerships in Kenya: A Cost-Benefit Analysis of the Nairobi Express-Way
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Date
2024-11
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Publisher
Kenyatta University
Abstract
Public-Private Partnerships (PPPs) have gained significant traction as a prevalent approach for funding and executing infrastructure projects globally, with a particular emphasis on developing nations that may face constraints in their governmental financial resources. The utilization of PPPs in infrastructural development has gained considerable traction in Asia, Africa, and East Africa in recent years. However, PPPs are not without their challenges, particularly in balancing the interests of private partners and the public good. The Nairobi Expressway project in Kenya is a prime example of such challenges, with concerns raised about high toll fees and potential cost overruns. Despite the potential benefits of PPPs, concerns remain about their viability and effectiveness. One significant concern is the potential for private partners to prioritize profit over the public interest. The purpose of this study was to establish the viability of public-private partnerships in Kenya: a case of Nairobi express-way cost-benefit analysis. Specifically, the study examines the costs and benefit analysis of the Nairobi Expressway Public private partnership project to the government, costs and benefit analysis of the Nairobi Expressway Public private partnership project to the users and assessing how risk distribution among stakeholders affects the Nairobi expressway Public private partnership project. The theoretical basis for this study is resource dependency theory. Descriptive research methods, including the use of visual aids to clarify the data distribution, was used to collect and evaluate event data in this study. This research investigated a target population of 1200 persons. The study used a sample size of 120 people. Semi structured questionnaires were used to collect. Descriptive statistics was used to analyse quantitative data is made easier with the help of SPSS. Frequency tables, bar graphs, and pie charts were used to illustrate the results. The study findings revealed that cost benefit analysis to government had positive significant effect on changes in viability of public private partnerships in Kenya. The findings also indicated that cost benefit analysis to users have positive effect in changes in viability of public private partnerships in Kenya. Again, the result indicates that risk distribution among stakeholders had a positive effect on changes in viability of public private partnerships in Kenya.
Description
A Research Project Submitted to the School of Law, Arts and Social Sciences in Partial Fulfilment of the Requirements for the Award of the Degree of Master of Arts in Public Policy and Administration of Kenyatta University, November 2024.
Supervisor
Weldon K. Ng’eno