Abstract:
Given the recent surge in secondary (including higher secondary) graduates, there is an escalating 
need for higher education. Consequently, the government is facing challenges in managing the 
necessary investments for expanding educational infrastructure, while also striving to enhance the 
quality and relevance of education. Currently, private providers of higher education have the 
capacity to absorb approximately 12 percent of tertiary enrolment. Nevertheless, the 
responsibility of ensuring access to higher education for the majority of students, who constitute a 
significant share, still lies with the government. The Government of Bangladesh is confronted 
with significant issues within the realm of higher education. Despite achieving middle-income 
status, Bangladesh still faces a significant demand for a substantial number of highly skilled 
tertiary graduates, particularly in fields such as engineering, science, medicine, and agriculture. 
These professionals are crucial for driving the country’s ongoing national development efforts. 
Higher education plays a crucial role in the production of such graduates. However, it is evident 
that the state of higher education, particularly in terms of research, presents a bleak outlook. 
There has been a decline in enrollment, and students with exceptional abilities are sometimes 
dissuaded from pursuing scientific studies due to limited career prospects. Additionally, the 
absence of competent academic personnel and research infrastructure further exacerbates the 
situation. The availability of research facilities and possibilities within higher education 
institutions (HEIs) is diminishing, and numerous challenges are impeding the advancement of 
science and technology education at the tertiary level. The current circumstances necessitate a 
shift in direction, which entails the allocation of resources and efforts from both public and 
private entities through the implementation of a public-private partnership (PPP).  
The main objective of this study is to build a model for an effective management system and 
implementation mechanism within the specific context of Bangladesh. The study presents a 
theoretical framework that encompasses five key elements: operating environment, capacity 
development, project financing, project development, and commitment of government. The study 
also employs the Institutional Analysis and Development (IAD) Framework to examine and 
facilitate policy transformation in higher education for public-private partnership arrangements. 
The IAD Framework facilitates comprehension of essential variables and the evaluation process 
for assessing the efficacy of employing Public-Private Partnerships as a method for advancing 
higher education in Bangladesh. The study was conducted by conducting a comprehensive 
analysis of existing literature and gathering primary data through interviews with professionals 
from both the public and private sectors, as well as experts engaged in public-private partnership 
initiatives in Bangladesh.  
The current study used a contemporaneous triangular method. A comprehensive review of 
literature and gathering of perspectives from academic experts and professionals in the field of 
higher education were conducted concurrently to identify an appropriate Public-Private 
Partnership model that can be implemented in the higher education sector. The development of a 
survey questionnaire was informed by the findings of the literature review. The intended 
recipients of the questionnaire included top-level administrators from a sample of public 
universities, managerial personnel from government ministries, chairpersons/members/vice 
chancellors of Trustee Boards of private universities, and leaders from various industries. Prior to 
the finalization of the questionnaire, expert opinion was sought. The questionnaire was thereafter 
administered to the sample universities/respondents. A sample size of 180 participants were 
selected using purposive sampling approaches, encompassing individuals from various public and 
private universities, organizations, departments, enterprises, and agencies. Among the 180 
participants, a purposive sampling approach was employed to choose 90 individuals for the 
interviews. These individuals were chosen based on their roles within the public and private 
sectors, including 10 Vice Chancellors, 10 Pro-Vice Chancellors, and 10 Treasurers from public 
universities, as well as 15 Vice Chancellors from private universities. Additionally, 20 industry 
leaders from the private sector and 25 individuals from 6 public organizations/departments were 
included. The selection criteria ensured that all chosen participants possessed knowledge of 
public-private partnerships or had involvement in the administration of the relevant institutions. 
The participants chosen for the interviews were purposively picked based on their expertise in 
PPP or their involvement in the administration of relevant institutions. The internal consistency of 
the rate point scale and Likert scale utilized in the survey questionnaire was assessed for 
reliability by the application of Cronbach’s alpha reliability coefficient. The quantitative data 
collected from respondents was examined using the mean score approach. The Statistical Package 
for Social Sciences (SPSS) was employed to perform several statistical analyses, including Chi
square test, analysis of variance (One-Factor ANOVA test), and the Independent t-test, in order to 
analyze the collected data. The content analysis method was employed to assess the literature 
review and case studies. In addition, the qualitative data analysis was conducted using NVivo 
software. The results were verified using statistical techniques. The final conclusion and 
proposals have been generated and narrated based on the statistical analysis of empirical data and 
the conceptualization of PPP models in the education sector. 
The study presents additional empirical support for the various limitations that impede the 
efficacy of public-private partnerships in the context of higher education in Bangladesh. These 
constraints encompass a lack of regulatory assurance, deficient financial forecasting, inadequate 
feasibility evaluations, ineffective communication, insufficient financial capital, project 
termination, and contract renegotiation, among others. In order to address the aforementioned 
constraints, it is imperative for the PPP to formulate a concise and well-defined set of objectives 
pertaining to higher education. Moreover, the research endeavors to establish a comprehensive 
model for higher education known as the Public-Private Partnership (PPP) model. This model not 
only serves as a foundation for the enhancement of higher education policies, but also offers 
valuable insights for its efficient implementation. The aforementioned findings have the potential 
to contribute to the development of effective methodologies aimed at improving the process, 
establishing suitable institutions, and implementing a fair and transparent legal framework. These 
measures would ultimately promote the participation of the private sector in higher education 
within the context of Bangladesh. 
This paper presents a theoretical framework that aims to elucidate the mechanisms via which 
public-private partnerships affect universities, thereby influencing the establishment and 
development of university-industry collaborations. This work presents three distinct theoretical 
contributions based on the obtained findings. The findings underscore the significance of 
successful private involvement in the academic endeavors of universities, particularly in research 
activities, as it contributes to the augmentation of research initiatives and the enhancement of 
educational quality. This study contributes to the existing body of literature on public-private 
partnership activity by examining its implementation within the higher education sector. The 
findings are deemed valuable for practitioners who are either contemplating or now engaged in 
Public-Private Partnership projects. Practitioners engaged in ongoing projects can enhance their 
comprehension of project execution methodologies, hence enabling them to optimize operational 
efficiency. 
From the findings and observations, relevant recommendations are made for effective 
implementation of the PPP in higher education. It also discusses theoretical and practical 
contributions of the study. Finally, the study highlights a number of areas for future research.