Governing Value Creation in a Major Infrastructure Project Client Organization: The Case of Beijing Daxing International Airport

Major infrastructure projects (MIPs) are growing rapidly worldwide and have a "double-edged-sword" effect on the economy, society, and environment. Sustainability, therefore, has become a critical concern for MIPs. The sustainability of MIPs emphasizes the need to take the value creation view to scrutinize MIP practices, which calls for a deeper understanding of the value creation process of MIPs. Although research efforts have been devoted to understanding value creation in MIPs, scarce attention has been focused on the question of how a project client governs project activities, operational preparation activities, and their interplay to create value in MIPs. Based on an in-depth case analysis of the Beijing Daxing International Airport, we found that the project client adopted the three different governance arrangements of vertical blended integration, dynamic matrix integration, and continuous coupling to govern project activities, operational preparation activities, and their interplay, respectively; likewise, the hybrid values of project management value, business value, and public value were created. Following the results, we establish a conceptual framework for the governance of value creation in a project client organization of MIPs. This study not only contributes to the literature on project governance and project value, but also provides practical guidance for emerging MIPs worldwide.