Department of Civil Engineering
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Browsing Department of Civil Engineering by Author "AKÇAY, Emre Caner"
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Item RISK ASSESSMENT IN PUBLIC-PRIVATE PARTNERSHIP CITY HOSPITAL PROJECTS IN TURKEY(2022-09-12) DOĞAN, Tuğba; AKÇAY, Emre CanerGovernments have difficulties in realizing the services that they should provide to the public due to their limited funds. This leads to the gradual increase in the use of the Public-Private Partnership (PPP) model, which is an alternative financing model. PPP is a long-term cooperation between the private and public sector to provide public services. Turkey is one of the developing countries that does not have enough funds, and implements the PPP model to fulfill urgent public needs. For the last ten years, Turkish Government has widely used the PPP model especially in realizing city hospital projects. However, the investors have experienced with several difficulties in implementing the projects due to several risk factors. Therefore, the main objective of this thesis is to perform the risk assessment for the PPP city hospital projects in Turkey. In this context, the list of potential risks in PPP city hospital projects was investigated by means of an extensive literature review. The probability of occurrence and the severity of impact of risk factors were explored through a questionnaire survey. The collected data was analyzed to investigate the priority of risk factors. The results revealed that the top five most important risk factors in PPP city hospital projects in Turkey are foreign exchange rate fluctuations, inflation rate volatility, high finance cost, fiscal, and economic crisis, whereas poor productivity of equipment was the least significant risk factor. The results of this thesis can guide the future investors willing to invest in PPP city hospital projects in Turkey.