Authors : Byung Gyoo Kang and Soon Kim Koh
Abstract: As the size and complexity of infrastructure projects become larger and more complicated, the financing methods of the projects becomes a crucial aspects. Project financing is a fundamental requirement for the successful completion of PPP/PFI (Public-Private Partnership/Private Funding Initiative) projects in the construction industry. However, the Malaysia construction industry is still behind in the application of project financing technique to construction project, compared to Europe and USA. This research investigated the Critical Success Factors (CSF) for project financing in the Malaysia construction industry. A questionnaire survey was conducted to the public/financial sector and the private sector. The 44 replies were received. The outcome shows that both sectors perceive similar views for the top critical success factors such as “cost of product and raw material to be used by the project is assured”, “the operator is experienced and reliable”. However, they also showed different views on CSF. Further studies are required to align the differences to provide more successful financial arrangements for the construction projects in Malaysia.
Byung Gyoo Kang and Soon Kim Koh, 2017. Factors Affecting Construction Project Financing in Malaysia. International Business Management, 11: 601-604.