Public-Private Partnership (PPP) Concepts

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 4 in Public-Private Partnerships in Infrastructure, 2017, pp 75-112 from Springer

Abstract: Abstract This chapter discusses the concept and features of Public-Private Partnerships (PPPs) and contrasts them with Privatization and Outsourcing. Key issues include: making political sense; appropriate risk allocation among stakeholders, with risk allocated to that party that has more control over the risk factor; need for competitive bidding of projects; designing of appropriate bidding parameters; and crafting concession agreements in line with imperatives of non- or limited-recourse project financing. Sustainable PPPs need to provide value for money to the government, a computation missed in many countries. The case study of Delhi Airport Metro Express is used to illustrate the concepts.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-3355-1_4

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DOI: 10.1007/978-981-10-3355-1_4

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