Factor analysis study on the antecedents to stakeholder’s concern in PPP projects in Punjab

The research reflects on the prevalence of stakeholder’s anxieties in the PPP infrastructure based projects in Punjab. The intention is to analyze stakeholder’s concerns (stakeholders identify as execution authority that needs to coordinate with public and government agencies as well as general user of infrastructure). This objective has been worked out from stakeholder’s perspectives. The focus is on the professional and the work related concerns that might affect the working of public and private sector arrangements. The data was collected from 103 managers associated with the infrastructure projects being run in PPP mode in Punjab state. The factor based extractive analysis is the first step towards the selection of items that truly represent the factors assumed for study. The study observed that perceptions of investment climate and technical feasibility matters most to participating managers. The SEM modeling yielded that stakeholder’s concern while PPP execution is genuine. The “concerns” are rather rooted across contextual aspects and are shaped by their perceptions of system, the perceptions of skills as well as aspects of investment climate and public support. In terms of factors “lack of skills” was observed as exerting maximum possible pressure on the riskiness and shaping of concerns. In continuity, the stakeholders perceive “governance” issues as next potential aspect that fuels stakeholder’s worries and anxieties. In relative association, the factor “legal constraints” were observed to fuel stakeholder’s concerns respectively.