Infrastructure Challenges

Kumar V. Pratap () and Rajesh Chakrabarti ()
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Kumar V. Pratap: Ministry of Urban Development, Government of India
Rajesh Chakrabarti: O P Jindal Global University

Chapter Chapter 2 in Public-Private Partnerships in Infrastructure, 2017, pp 9-40 from Springer

Abstract: Abstract This chapter discusses infrastructure characteristics, recent history of infrastructure provision, and infrastructure challenges. Many of the infrastructure challenges arise from its unique characteristics including its sunk cost nature, large externalities, public good, and natural monopoly characteristics. Preponderance of government provision of infrastructure continues despite considerable growth in private participation. Infrastructure challenges discussed in this chapter are large infrastructure deficit, fiscal resource constraint on public infrastructure investment, faulty allocation of limited resources across projects, time and cost overruns, poor quality of publicly provided infrastructure, and poor maintenance raising costs and reducing benefits.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-3355-1_2

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DOI: 10.1007/978-981-10-3355-1_2

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