Public–Private Partnership (PPP) has been a relatively successful model for infrastructure development in India. However, investment of private capital, especially foreign investment, is far from satisfactory keeping in mind the estimated investments of the Government under the XIth and XIIth plans. Several issues have been identified which include evolving a robust legislative framework and …
Infrastructure is a key area since it provides the main thrust and impetus area in the growth of a developing nation like India. A major area of concern for sustaining the real gross domestic product (GDP) growth in India has been the lack of adequate infrastructure, which can support the growth process. The deplorably low levels of public investment have rendered India’s physical infrastruct…
This case study uses primary evidence from the Rift Valley Railways concession—a complex multinational rail concession originating from Mombasa (Kenya) and to Kampala (Uganda)—to discuss strategic roles of multilateral development banks in infrastructure project finance. We find that multilateral development banks were uniquely positioned to play the roles of advisor, honest broker, guarant…
Rail-based ‘Mass Rapid Transit System’ has been widely accepted as a solution for most of the traffic and environmental pollution related problems which major cities throughout the world are facing now. Metro rail construction activities are being undertaken in a big way in India, existing metro rail network of the city of Kolkata and Delhi are being expanded, while it is under various stag…
Successfully implementing public–private partnerships (PPP) depend on the establishment of effective policy and institutional frameworks. While such factors play a significant role, practitioners often face obstacles posed by other less visible, and often indefinable, factors. The purpose of this article is to identify such X factors which had delayed the delivery of the National Highway Deve…