Developing the Success Index of Public-Private Partnership Transportation Projects in Vietnam

Like other construction projects, project success has always been the ultimate goal in Public-Private Partnership projects. However, it will be difficult for private and public sectors to define whether their projects have been successful or not if the success index is not considered. Thus, this study aims to construct a success indicator for Public-Private Partnership transportation projects in Vietnam via a case study. 15 success criteria were identified from a literature review and expert interview. Using factor analysis, four principal factors were grouped based on 15 identified success criteria, namely project objectives, reliable and quality service, effective output, and project management. Finally, the fuzzy synthetic evaluation (FSE) method computed the success index for Rach Mieu Bridge project is 4.15 which is considered as highly successful. This study might provide decision-makers with a quantitative tool to make the decision for implementing PPP projects effectively and assuring sustainable infrastructure development in Vietnam.