Title: Impact of privatisation on performance of airport infrastructure projects in India: a preliminary study
Authors: Sumana Chaudhuri
Addresses: National Institute of Industrial Engineering (NITIE), Vihar Lake, Mumbai 400087, India
Abstract: Governments across the globe are turning to private-sector led initiatives for airport management and infrastructure development. This has resulted in a significant industry trend toward enterprise partnerships between public and the private sector. This article summarises the basic elements of this trend in airport infrastructure development. It defines airport privatisation, the process of privatisation and explores the benefits, risks and implications of recent privatisation experiences across nations. It pays special attention to the India|s privatisation experience with Delhi, Mumbai, Hyderabad and Bangalore airports. Finally, the article examines issues relating to performance, ownership, pricing, risk-return and regulation, both in respect of Greenfield projects as well as Brownfield projects. This would pave the way to analyse the economic benefits of privatisation of Indian airports.
Keywords: airport privatisation; airport infrastructures; infrastructure development; public-private partnerships; PPP; concession agreements; greenfield projects; brownfield projects; internal ROI; rate of return; regulatory governance; cost-benefit analysis; technical efficiency; India; aviation; industry; India; performance; ownership; pricing; risk-return; regulation.
International Journal of Aviation Management, 2011 Vol.1 No.1/2, pp.40 - 57
Available online: 27 Jan 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article