Project Evaluation of Public Private Partnerships in Conservation Institutions Using a Risk Assessment Approach: A Case Study of the Zimbabwe Parks and Wildlife Management Authority

Abstract

The Thesis evaluated the Project of Public Private Partnerships in Conservation Institutions using a Risk Assessment Approach, the case of The Zimbabwe Parks and Wildlife Management Authority (ZPWMA). The thesis reveals that there has been slow uptake of PPP arrangements due to weak supportive legal framework, poor risk allocation and stakeholder dissatisfaction which has a huge impact on project performance. ZPWMA was undertaking PPP conservation projects with unclear perception of risk which posed a huge challenge in mitigating risks making the projects not to perform favorably in terms of revenue generation and its conservation mandate. The thesis proved that Country Risks, Stakeholder Risks, Financial Risks and Inadequacy Concession Contract are the most threatening risks in conservation projects. The thesis concludes that Zimbabwe is under the threat of several risk factors that are threatening the viability of PPP projects hence the need for risk profiles to be arrested if performance and efficiencies are to be realized. The Thesis recommends the need for sound legal and regulatory framework with full public participation both in the formulation and implementation processes.