Public private partnership (PPP) in infrastructure development - A critical review

Abstract

Infrastructure development is the backbone of a nation’s development and lays the road towards better productivity and welfare of its subjects. With most of the world’s economies looking at the Private Investor for developing their respective national assets to the fullest potential, PPP in infrastructure has emerged as a natural phenomenon. This paper attempts to look at the rationale of PPP in infrastructure, the role of the private investor in the global infrastructure scenario and zoom in on the Indian infrastructure status. The unique nature of PPPs in infrastructure, its potential and its risks are touched upon while concluding with suggestions to tackle the peculiar issues arising in the implementation and sustenance of the infra projects.