Public private partnership (PPP) in road projects: critical success factors in the Indian context
Shrivastava, V.K.; Ramachandra Rao, K.; Southern African Transport Conference (30th : 2011 : Pretoria, South Africa); Transportation Research Board of the National Academies (TRB); Minister of Transport, South Africa
Paper presented at the 30th Annual Southern African Transport Conference 11-14 July 2011 "Africa on the Move", CSIR International Convention Centre, Pretoria, South Africa.
The Public Private Partnerships (PPPs) have come a long way into the road infrastructure projects in lndia. A mix of Design-Build-Finance-Operate-Transfer (DBFOT) type toll or annuities where laws, regulations, institutions, modalities, funding, sub national development, expansion into non-traditional areas for PPP etc., are being developed for implementation. The current approaches for selection of PPP road projects are based upon assessment of combined effects of both financial and non-financial (risks and opportunities) without considering all relevant success factors to evaluate a given project.
This paper tries to identify the Critical Success Factors (CSFs) for Indian PPP Highways
projects and their relative importance to assess the projects viability. These CSFs thus can help in selecting/evaluating the projects put to developers for bidding under provisions of model concession agreement (MCA). A sensitivity analysis is carried out on subjective judgment of developers without appropriate formalism for non financial aspects.
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