... techniques, decision makers can predict the impact of a range of possible market conditions and/or levels of demand on the investment return and hence the stability of the tariff regime. Originality/value The model could be extended to other types of public‐private partnerships schemes upon suitable...

...)/public private partnership (PPP) projects. The impact of this research will have implications for the appreciation of cultural similarities and differences of national “construction cultures” for effective project delivery of future PFI/PPP projects. Originality/value This paper offers an approach...