Strategic issues of innovative financing of infrastructure project delivery.
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Date
2011-07-20
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Abstract
The lack of research exploring the strategic issues of innovative financing of infrastructure projects delivery in Ghana formed the basis of the research. Little research has been done in Ghana on innovative financing of infrastructure projects delivery with majority concentrating on public-private partnerships, or the applicability of an innovative financing method. This dissertation aimed at identifying the challenges of innovative financing options available to Ghana, and analysing the strategic issues of innovative financing of infrastructure projects in Ghana. The research begun with the review of pertinent literature on innovative financing of infrastructure project, followed by in-depth exploratory interviews to ascertain the strategic issues of innovative financing of infrastructure projects in Ghana. Using purposive sampling technique, 81 questionnaires were distributed to the metropolitan, municipal, and district assemblies (MMDAs) in Ashanti Region. Out of the 81 questionnaires, 61 questionnaires were returned representing 75% response rate. The data was analysed using descriptive statistics, chi-square test, and factor analysis. The descriptive statistics and the test of hypotheses largely confirmed the variables which were identified in the literature and also through the exploratory interviews. The factor analyses of these variables resulted in 3 components each for both the challenges and the strategic issues of innovative financing of infrastructure project variables, and these were appropriately named and discussed. It was recommended that innovative financing options for infrastructure projects should thoroughly be assessed along the appropriateness of the method, pricing and management, and sustainability of the method. It was further recommended that policy makers, project management students, and staff of the MMDAs involved in the financing/provision of infrastructure projects should be educated on the identified issues.
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A dissertation submitted to the Department of building technology of the College of Architecture and Planning, in partial fulfilment of the requirement for the award of Master of Science in Construction Management on February, 2011.