Overview Of PPP Projects In India

Infrastructure projects are complex capital intensive having long gestation period and involves multiple risk to the project participants. In many countries shortage of public funds have forced the government to enter into long term contractual agreement for financing construction and operation of infrastructure projects. A PPP can be defined to be the private sector construction and operation of infrastructure which would otherwise have been provided by the public sector. PPP structures are typically more complex than traditional public procurement projects. PPPs complexity is due to number of parties involved and the mechanism use to share the risk.