Ppp Projects in India: Examples
E- Governance Assignment On Public Private Partnerships in India
Submitted to:
Dr. Gyan Prakash
Submitted By:
Neha Misra (2011-MBA-013)
Public Private Partnership
Public Private Partnership (PPP) is a contract between a public sector institution/municipality and a private party, in which the private party assumes substantial financial, technical and operational risk in the design, financing, building and operation of a project. Traditionally, private sector participation has been limited to separate planning, design or construction contracts on a fee for service basis – based on the public agency‟s specifications. Expanding the private sector role allows the public agencies to tap private sector technical, management and financial resources in new ways to achieve certain public agency objectives such as greater cost and schedule certainty, supplementing in-house staff, innovative technology applications, specialized expertise or access to private capital. The private partner can expand its business opportunities in return for assuming the new or expanded responsibilities and risks. PPPs provide benefits by allocating the responsibilities to the party – either public or private – that is best positioned to control the activity that will produce the desired result. With PPPs, this is accomplished by specifying the roles, risks and rewards contractually, so as to provide incentives for maximum performance and the flexibility necessary to achieve the desired results “PPP is a partnership between the public and private sectors with clear agreement on shared objectives for the delivery of public infrastructure and/or public services.” There is no single PPP engagement model that can satisfy all conditions concerning a project‟s location setting and its technical and financial features. The most suitable model should be selected taking into account the country‟s political, legal and socio-cultural circumstances, and maturity of the country‟s PPP market and
Submitted to:
Dr. Gyan Prakash
Submitted By:
Neha Misra (2011-MBA-013)
Public Private Partnership
Public Private Partnership (PPP) is a contract between a public sector institution/municipality and a private party, in which the private party assumes substantial financial, technical and operational risk in the design, financing, building and operation of a project. Traditionally, private sector participation has been limited to separate planning, design or construction contracts on a fee for service basis – based on the public agency‟s specifications. Expanding the private sector role allows the public agencies to tap private sector technical, management and financial resources in new ways to achieve certain public agency objectives such as greater cost and schedule certainty, supplementing in-house staff, innovative technology applications, specialized expertise or access to private capital. The private partner can expand its business opportunities in return for assuming the new or expanded responsibilities and risks. PPPs provide benefits by allocating the responsibilities to the party – either public or private – that is best positioned to control the activity that will produce the desired result. With PPPs, this is accomplished by specifying the roles, risks and rewards contractually, so as to provide incentives for maximum performance and the flexibility necessary to achieve the desired results “PPP is a partnership between the public and private sectors with clear agreement on shared objectives for the delivery of public infrastructure and/or public services.” There is no single PPP engagement model that can satisfy all conditions concerning a project‟s location setting and its technical and financial features. The most suitable model should be selected taking into account the country‟s political, legal and socio-cultural circumstances, and maturity of the country‟s PPP market and