Challenges and Opportunities in Waste Management Private Finance Initiatives in United Kingdom (England and Wales)

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ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I [type your full name here], declare that the following dissertation and its entire content has been an individual, unaided effort and have not been submitted or published before. Furthermore, it reflects my opinion and take on the topic and is does not represent the opinion of the University.

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ABSTRACT

Public Private Partnerships are increasingly being adopted in the United States, mainly in Wales and England through the Private Finance Initiatives (PFIs). This has developed as the most important concept in the United Kingdom's service and public facilities provision where its importance cannot be underestimated. Although the implementation of PFIs in waste management is not free of hurdles, issues and challenges, some successful projects have been implemented that guarantee a sound position of such measures in making the country, eco-friendly and sustainable. The paper provided some examples of successfully managed and executed PFIs in order to lay down its importance while also debating over its probable contributions in the high-profile waste management industry. The questionnaire based online survey was undertaken mainly with the objective to find the ten main critical success factors that can be associated with the PFIs feasibility in the waste management industry. The results of the survey show that for a successful waste management Private Finance Initiative, the critical success factors are good governance economic stability, stable consortium and sense of responsibility between the public and private sectors. Moreover, the case study provided some examples of successful PFIs in order to reflect upon its applicability and usefulness in the U.K business sector, while it attempts to reduce “waste” and recycle it. Some recommendations at the end of the paper show how the policy makers could benefit from the opportunities lying ahead, while minimizing the country's vulnerability from the challenges they face. These findings are useful for policy makers as they go about formulating regulations for Private Public Partnerships especially in case of Waste management Private Finance Initiatives (PFIs). In future, it can be expected that Wales and England would witness more successful projects in PFIs while the country on the collective side, contributes towards the sustainability of Mother Earth.

Table of Contents

ACKNOWLEDGEMENT2

DECLARATION3

ABSTRACT4

CHAPTER 01: INTRODUCTION7

Background of the Research7

Problem Statement12

Aims and Objectives13

Research Questions13

Outline of the Study14

Ethical Considerations of Study15

CHAPTER 02: LITERATURE REVIEW17

Waste Management- A Challenging Issue17

Eco-Efficiency: A Goal or a Challenge?19

Private Finance Initiatives20

Potential Risk/Challenges related to Waste Management PFI Projects24

PFI: Value for Money28

Legal Framework for PFIs in England and Wales29

Case Study 01: Waste management Private Finance Initiative (PFI)30

Case Study 02: Waste management Private Finance Initiative (PFI)30

Case Study 03: Waste management Private Finance Initiative (PFI)31

CHAPTER 03: METHODOLOGY32

Research Design32

Data Collection34

Data Collection Instruments35

Data Analysis38

CHAPTER 04: DATA FINDINGS AND ANALYSIS40

Analysis of Questionnaire-based online survey40

Critical Success Factors for Waste Management PFIs47

Analysis form Literature and Case Study Examples48

CHAPTER 05: CONLUSIONS AND RECOMMENDATIONS49

REFERENCES52

APPENDIX57

CHAPTER 01: INTRODUCTION

Background of ...