Public Private Partnership (PPP) and its Evolution – A Conceptual Framework
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 7
Abstract
India’s economy has experienced rapid progression since the attempt of liberalization in 1991. To keep pace with this growth, physical infrastructure such as transportation systems, communication systems, energy systems , water and sanitation networks etc n eed to be developed. The burgeoning investments required have necessitated the government to look for ways and means to scale up the infrastructure . Typically the governments have been using – Engineering, Procurement and Construction (EPC) method for infr astructure provisioning. The constraints on the availability of finance on one side and the need to provide social good on th e other side has had its impact not only on the performance of existing but also on the addition of new infrastructure. To cope up with this dilemma and to increase the share of private sector in country’s infrastructure development, the government initiated Public Private Partnership. PPP is a contractual agreement between the public sector and private sector partners for a pre - defi ned period. This arrangement allows the government to have access to the financial resources, technical & managerial experience, expertise and efficiency of the private sector and share most of the risks in providing specified infrastructure services. The success of PPP relies on designing viable projects, minimizing speculation on uncontrollable factors, having fair and transparent procurement process & a competitive environment and an efficient financially system
Authors and Affiliations
Vimlesh Prabhudesai
Keywords
Related Articles
- EP ID EP314532
- DOI -
- Views 119
- Downloads 0
The Role of Competitive Strategies in the Relationship Between Organizational Learning And Performance of Insurance Firms in Kenya
Purpose: The objective of the study was to establish the moderating effect of competitive strategies on the relationship between organizational learning and firm performance . Methodology: The study used cross sectional...
“ Street Smart iclass Programme - A Unique Classroom based on Cognitive Science Education Technology to target the certainty of children’s present and future by reordering the cognitive abilities to the desired levels
Street Smart iclass programme is an innovative iclass programme . It is a multiple intelligence classroom based training program for from 7 - 11 years of age. It enhances the overall character and the personality of t...
Study on Detection of Carbapenemases In Clinical Isolates Of Family Enterobacteriaceae
Background: Enterobacteriaceae group of organisms are inhabitants of the intestinal tract.They are the source of community and hospital acquired infection.the carbapenems are recommended as last choice in tr...
A Noval Approach of Enhancing Security in Cloud Using Diffie Hellman Algorithm
A Noval Approach of Enhancing Security in Cloud Using Diffie Hellman Algorithm Presently a day’s utilization of distributed computing is expanding quickly. Distributed computing is vital in the informati on sharing a...
Consumer Shopping Behavior towards Retail Stores In Coimbatore City
India i s ranked as the most attractive emerging retail market in the world and has e arned itself the unflattering label of a “nation of shop keepers”. As consumer shopping behavior and preference s differ from country...