Sustainability in PFI project: Concept and perception of the stakeholders

摘要

PFI project has face challenges due to lack of effective tool, higher construction cost, longer payback period and the complexity in quantifying the benefits of going green made this effort a tedious undertaking. In Malaysia, this situation is compounded with the lack of sustainability clauses in the concession; lack of direct incentives as well as lack of short-term financial benefits discourages both clients and contractors from embarking on the quest for sustainable development. Due to its unidentified economic benefits in a rapidly developing country such as Malaysia, the sustainable solution was usually set aside. Therefore, the objectives of this study are to identify the stakeholders' understanding and perception on the concept of sustainability and to evaluate barriers and challenges of sustainability concepts in PFI project. Essentially, the Private Finance Initiative (PFI) should have a direct relationship with the principles of sustainable development. 12 respondents from various stakeholders has been interviewed and analysed has been made using Atlas ti. From the analysis, it was found that most respondents are aware of sustainability in PFI projects thus hardly see the integration. Most of the respondents are concerns more on partnership collaborations and viewed sustainability in the contexts of environment impact more than social and economic.