Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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All Journal Journal of Civil Engineering
Fitri Andriyanti
English Education Department, Faculty of Language, Arts, and Culture, Universitas Negeri Yogyakarta
Civil Engineering, Building, Construction & Architecture Engineering Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering Transportation

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The Evolution of Minimum Revenue Guarantees (MRGs) in PPP Infrastructure Investment Ali Sunandar; Fitri Andriyanti; Saipol Bari Abd Karim; Umi Kalsum Zolkafli Zulkifly
Journal of Civil Engineering Vol 41 No 2 (2026)
Publisher : Institut Teknologi Sepuluh Nopember (ITS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12962/j25799029.v41i2.10463

Abstract

This study investigates the evolution of minimum revenue guarantees (MRGs) in public-private partnership (PPP) infrastructure investment, tracing their development from basic risk mitigation instruments to dynamic, strategically optimized, and sustainability oriented financial mechanisms. A qualitative research design was employed using systematic thematic synthesis of peer reviewed literature indexed in Scopus and Web of Science (WoS) up to February 2026. The review screened 415 records and identified 44 eligible articles for analysis, comprising 5 studies published up to 2010, 8 during 2011 to 2015, 16 during 2016 to 2020, and 15 during 2021 to 2026. The findings reveal four evolutionary phases characterized by advances in real options valuation, risk sharing optimization, game theoretic contract design, adaptive profit distribution, and sustainability focused applications. The study proposes a unified conceptual framework consisting of three interrelated dimensions: strategic and game theoretic contract optimization, adaptive and performance linked guarantee mechanisms, and sustainability-oriented sector specific financial structuring. The framework contributes to theory by integrating historical and contemporary developments into a comprehensive roadmap for MRG design. Practically, it provides guidance for policymakers and practitioners seeking to balance fiscal sustainability, investor incentives, and long-term infrastructure resilience. The study is limited by its reliance on qualitative literature synthesis and highlights opportunities for future empirical, quantitative, and digital finance research to further refine adaptive MRG frameworks.
Examining the Application of the Semi-Structured Interview Method in Public-Private Partnership (PPP) Infrastructure Studies Ali Sunandar; Fitri Andriyanti; Saipol B. A. Karim; Umi K. Z Zulkifli
Journal of Civil Engineering Vol 41 No 1 (2026)
Publisher : Institut Teknologi Sepuluh Nopember (ITS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12962/j25799029.v41i1.9498

Abstract

Public-Private Partnership (PPP) schemes are increasingly adopted to address infrastructure financing constraints and to support sustainable development objectives. In PPP infrastructure research, semi-structured interviews are widely used to capture in-depth perspectives from key stakeholders. Despite their extensive application, systematic understanding of how these interviews are designed, implemented, and reported remains limited. This study examines the application of semi-structured interview methods in PPP infrastructure research through a systematic literature review of studies indexed in the Scopus and Web of Science databases. The review evaluates research approaches, interview mediums, data collection and analysis techniques, software utilization, interview duration, participant selection criteria, sampling strategies, data saturation, and practices related to rigor and trustworthiness. The findings indicate that semi-structured interviews are predominantly employed within qualitative research designs and are frequently combined with thematic analysis and qualitative data analysis software. Face-to-face interviews and purposive sampling of experienced PPP stakeholders emerge as the most common practices. However, the review also identifies notable inconsistencies in the definition and reporting of data saturation and qualitative rigor across studies. This study contributes to methodological advancement by providing a structured overview of current practices and highlighting areas where clearer and more consistent reporting is required. The findings offer practical guidance for researchers and practitioners seeking to strengthen methodological rigor and transparency in PPP infrastructure research.
Co-Authors Ali Sunandar Saipol B. A. Karim Saipol Bari Abd Karim Umi K. Z Zulkifli Umi Kalsum Zolkafli Zulkifly