Experience of public private partnership in highway infrastructure development: an exploratory study of PPP mature countries and scenario in India

Hemantkumar P. Bulsara, Alok Kumar, Rakesh Kumar and Krupesh A. Chauhan

International Journal of Procurement Management, 2015, vol. 8, issue 5, 608-626

Abstract: Public-private partnership (PPP) in which private sector partners take on increased responsibility for projects design, construction, financing and operation have become popular in various countries around the world as a means of delivering large-scale transportation infrastructure. Britain, Australia, France, Spain, Canada, Italy like PPP mature countries have implemented this model with less public debt and completed in a short span of 20 years. On the other hand, countries like China, Brazil, Malaysia, India, Belgium and Russia are implementing it as per their own requirements. However, PPPs can present more risk sharing to the private sector in design, implement and management. This model should only be considered if it can be demonstrated that they will achieve additional value, compared with traditional public procurement models. It can be an effective implementation structure only if the objectives of all parties can be met within the partnership. PPP is not the only method to deliver projects financing and realisation.

Keywords: public-private partnerships; PPPs; traditional funding; publicly funded projects; PPP market maturity level; viability gap funding; value for money; India; risk sharing; added value; public procurement; traditional procurement. (search for similar items in EconPapers)
Date: 2015
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