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Public-Private Partnership (PPP) Concepts

In: Public-Private Partnerships in Infrastructure

Author

Listed:
  • Kumar V. Pratap

    (Ministry of Urban Development, Government of India)

  • Rajesh Chakrabarti

    (O P Jindal Global University
    Sunay Policy Advisory Pvt. Ltd.)

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.

Suggested Citation

  • Kumar V. Pratap & Rajesh Chakrabarti, 2017. "Public-Private Partnership (PPP) Concepts," India Studies in Business and Economics, in: Public-Private Partnerships in Infrastructure, chapter 0, pages 75-112, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-3355-1_4
    DOI: 10.1007/978-981-10-3355-1_4
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