About
the Book
Public Private Partnership has become a catchword. Both the government
and private players have realized the virtue of joining hands
for mega infrastructural projects. Mobilizing money from the capital
market has become a lot easier. However, not many people are aware
of how to go about it. This creates bottlenecks in actualizing
such partnerships. The bureaucracy is still being feared and private
sector still being suspected. Perhaps such mutual distrust comes
because the premises are not clear.
In any PPP mode, while the private sector is responsible for designing,
financing, building and operation of the services, the public
sector provides the legislative framework and institutional support.
Depending upon the risk allocation between the two parties, there
are various models of PPP.
The
author tries to draw on years of experience of working under the
mode to highlight the various aspects of PPP in sectors such as
roads, ports and the railways. He talks about the legal and contractual
framework that defines the risks and how to mitigate them.
While
the public sector has realized the need for extra adrenalin to
keep itself relevant, the private sector has gained enough muscle
to perform the tasks it was scared of performing. Success stories
of such experiences, the book analyses, would help clear some
cobwebs and help generate confidence.
One
of the first publications of its kind, the book will be of interest
to the spectrum of readers from policy-makers in the government
to bankers and financial institutions, construction agencies,
academic institutions, etc.