Public Private Partnership in Transportation Infrastructure: A Review on Toll Road Development

Accounting Department, School of Accounting, Bina Nusantara University, Jakarta, Indonesia 11480

^* Corresponding author: Evi.Steelyana@binus.ac.id

Abstract

Public-private partnerships (PPPs) have become an increasingly important tool for delivering infrastructure and public services worldwide. In Toll Road development, PPP scheme is often being used to deliver public infrastructure. PPPs have received a lot of attention from academics as a new approach to public procurement. To enhance our knowledge of PPPs, this study aims to analyze the trend of articles discussing collaborative governance in toll road developments with PPP schemes in Asian, African, American, Australian and European countries during the 2000–2020 period and analyze the most discussed topic in PPP research specifically in collaborative governance. The relationship between PPP research and Public Sector Accounting Theory is also analyzed. Using a qualitative method with a Systematic Literature Review approach, this study analyzed published articles from reputable international journals. Result of this study shows a positive trend in the quantity of research articles that discuss collaborative governance in toll road development by PPP scheme. Moreover, it found also that frequently discussed topics in PPP research are Risk Management, Value for Money, Critical Success Factors, PPP Challenges, PPP Evolution and Financing. This study found that Public Sector Accounting Theory (Governance Theory, Institutional Theory and Stakeholders Theory) have influenced most the PPP scheme in toll road development.