Title: Experience of public private partnership in highway infrastructure development: an exploratory study of PPP mature countries and scenario in India
Authors: Hemantkumar P. Bulsara; Alok Kumar; Rakesh Kumar; Krupesh A. Chauhan
Addresses: Management Section, Applied Mathematics and Humanities Department, S.V. National Institute of Technology, Ichchhanath, Surat, 395 007, India ' Bihar State Road Development Corporation Limited, Patna, Bihar – 800014, India ' Civil Engineering Department, S.V. National Institute of Technology, Ichchhanath, Surat, 395 007, India ' Civil Engineering Department, S.V. National Institute of Technology, Ichchhanath, Surat, 395 007, India
Abstract: Public-private partnership (PPP) in which private sector partners take on increased responsibility for projects design, construction, financing and operation have become popular in various countries around the world as a means of delivering large-scale transportation infrastructure. Britain, Australia, France, Spain, Canada, Italy like PPP mature countries have implemented this model with less public debt and completed in a short span of 20 years. On the other hand, countries like China, Brazil, Malaysia, India, Belgium and Russia are implementing it as per their own requirements. However, PPPs can present more risk sharing to the private sector in design, implement and management. This model should only be considered if it can be demonstrated that they will achieve additional value, compared with traditional public procurement models. It can be an effective implementation structure only if the objectives of all parties can be met within the partnership. PPP is not the only method to deliver projects financing and realisation.
Keywords: public-private partnerships; PPPs; traditional funding; publicly funded projects; PPP market maturity level; viability gap funding; value for money; India; risk sharing; added value; public procurement; traditional procurement.
International Journal of Procurement Management, 2015 Vol.8 No.5, pp.608 - 626
Received: 08 Apr 2014
Accepted: 26 Jul 2014
Published online: 23 Jul 2015 *