Applying Analytical Network Process to the Selection of Financing Method for Abandoned Construction Projects in Iraq

Abstract

Construction projects are of a special nature affected by many factors, which makes them exposed to multiple risks that may lead to the abandonment of projects. Recently, the Iraqi construction sector is facing a number of problems. Abandoned construction projects are one of the most common and dangerous problems in the construction industry in Iraq, with their negative effects on stakeholders, the economy, and the environment due to the lack of sufficient financial and administrative capabilities to complete construction projects, which is reflected in exceeding the time limit for the completion of projects. The aim of this research is to use the analytic network process (ANP) technique to choose the best form of Public-Private Partnership (PPP) contracts to fund abandoned projects in Iraq. using a questionnaire survey to determine the most criteria and alternatives for selecting appropriate financing for the abandoned project. The results shown final weight of the Build-Own-Operate (BOO) contract from ANP is 0.533, which is the best form of PPP contract among the alternatives proposed to fund the project.