Title: Exemplar for PPP initiatives on Indian railways

Authors: Mohita Gangwar Sharma; S.M. Sharma

Addresses: FORE School of Management, B-18 Qutub Institutional area, New Delhi 110016, India ' National Academy of Indian Railways, Opp. Lalbagh, Vadodara 390004, India

Abstract: Public-private partnership (PPP) is seen as an area to leverage private resources in infrastructure. PPP has been a method of financing in which government join hands with the private sector partner to execute a project which provides synergy and mutual benefits for all stakeholders. PPP can be a successful implementation method if it is executed considering the risks faced by all stakeholders. The private partner because of his expertise in execution takes the responsibility for projects design to operation and is finding wider acceptance in the transportation and infrastructure areas. The case carries out a literature review with regard to risks in PPP and illustrates these risks in PPP's through the port connectivity project of Pipavav. It analyses the stages of the projects when the different risks occur and infers that most of these risks can be considered from principal-agent perspective.

Keywords: public-private partnership; PPP; innovative; resource constraint; emerging economy; risks.

DOI: 10.1504/IJPM.2020.106554

International Journal of Procurement Management, 2020 Vol.13 No.2, pp.214 - 224

Received: 03 Mar 2018
Accepted: 24 Jan 2019
Published online: 09 Apr 2020 *

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