Accountability in Public-Private Partnership Projects: A Financial Analysis of Malaysian Highway Authority

In line with the current development worldwide, the provision of public infrastructure in Malaysia is undertaken using the public-private partnership approach (PPP). This study explores the way in which accountability is demonstrated in Malaysian tolled highway sector. The study uses the case study approach to examine the implications of PPP arrangement on accountability in the tolled highway sector. In addition, they study also undertakes financial analysis which is obtained from accounting items extracted from the annual reports of Malaysian Highway Authority (MHA), a statutory body. The study finds that the reporting of public sector in the tolled highway sector is opaque, indicating that the attribute of accountability is impaired.