Evaluating public–private partnership role on the sustainability of airports in India

Avin Shekhar Chourasia, Narendra N. Dalei and Karunakar Jha

Sustainable Development, 2023, vol. 31, issue 5, 3595-3608

Abstract: A public–private partnership (PPP) upgrades airport services, infrastructures, space, and ground handling systems. The participation of private entities could provide significant sustainability‐related issues since they typically have a profit‐making mindset. Private entities mainly focus on maximising their profits, but public entities are more concerned about attaining social objectives. The differences in their approaches lead to sustainability issues in a PPP airport project. However, studies on the impact of PPP on sustainability are very scarce and limited to other infrastructure sectors like health, education, and so forth. To examine the impact of PPP on Mumbai and Delhi International Airport's sustainability, this study used partial least squares structural equation modelling. The direct impact of private ownership, investment distribution, risk sharing, regulatory intervention, stakeholder engagement, and reputation and credibility on environmental, economic, and social sustainability was examined. The study revealed that PPP improved Mumbai and Delhi's airports' economic sustainability but have a smaller impact on social and environmental sustainability. Existing airports lag in social and environmental sustainability. To achieve social, environmental, and economic sustainability, the government must directly formulate and implement programmes. Regulators regulate JV activities and encourage social and environmental sustainability. Policymakers are likely to benefit most from building a favourable legal framework, commercial viability, and solid economic policies for effective private participation in PPP airports. The study focuses on institutional aspects. It will also help understand the mechanism's impact and how constructions and indicators are managed in PPP airport development.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/sd.2613

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:31:y:2023:i:5:p:3595-3608

Access Statistics for this article

Sustainable Development is currently edited by Richard Welford

More articles in Sustainable Development from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().