Buch, Englisch, 382 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 697 g
Managing the Challenges
Buch, Englisch, 382 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 697 g
Reihe: India Studies in Business and Economics
ISBN: 978-981-10-9852-9
Verlag: Springer Nature Singapore
“Public Private Partnerships (PPPs) in India are currently under stress. A comprehensive treatment of the subject by a long-time and erudite practitioner and a management academic, this book should be useful to students trying to learn the basics, while also being valuable to professionals and policy makers. The book suggests that the Government should hold bidders accountable to their submitted bids, thereby preserving sanctity of contract. This will discourage aggressive bidding which has become a serious and endemic problem. The book also suggests the use of better bidding criteria to mitigate traffic risk in transport projects. Policy makers should pay heed to these suggestions as they consider improvements in the PPP policy regime going forward.”—Arvind Subramanian, Chief Economic Adviser, India
“For a fast-growing India, infrastructure creation and operation is a great challenge and opportunity. This excellent book combines theory and practice on PPPs, and is very useful for professionals and students alike. With case studies and current developments, the authors bring out issues in India with global experiences as well. A must-read for infrastructure practitioners.”—Shailesh Pathak, Chief Executive (Designate), L&T Infrastructure
Development Projects Limited “India’s program of private participation in infrastructure attracted worldwide attention as it became one of the largest programs in emerging markets. As well as the volumes of finance mobilized, it garnered interest because of some of the innovative approaches developed, such as Viability Gap Funding. The Indian PPP story is well captured in this book, which also makes the point that India is seeing project cancellations and failures rise. The authors analyze the factors behind this and point the way to a more robust PPP market that learns from the experiences of the past.”—Clive Harris, Practice Manager, Public-Private Partnerships, World Bank
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Sozialwissenschaften Politikwissenschaft Regierungspolitik
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
- Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Immobilienwirtschaft
- Rechtswissenschaften Öffentliches Recht Verwaltungsrecht Verwaltungspraxis Public Private Partnership
Weitere Infos & Material
Chapter 1: Infrastructure Challenges
- Infrastructure and its characteristics – large externalities; public good characteristics; natural monopoly characteristics
- Recent history of infrastructure provision - preponderance of government provision
- Infrastructure Challenges – large infrastructure deficit, fiscal resource crunch, limited resources are often spent on wrong projects, time and cost over-runs, poor quality of publicly provided infrastructure, poor maintenance increases costs and reduces benefits
Chapter 2: Financing Infrastructure
- Sources of infrastructure finance – Government budgetary support; internal and extra-budgetary resources; private investment
- The Indian experience - Review of infrastructure investment in the Eleventh Plan (2007-12) and the Twelfth Plan (2012-17) periods
- Challenges in financing of infrastructure
- Case Study: Delhi Airport Metro Express
Chapter 3: Public-Private Partnership (PPP) Concepts
- Public-Private Partnerships – Concept and features
- Design of PPP Projects: risk allocation; competitive bidding; bid parameters; project finance related issues
- The incentives of stakeholders in PPP projects – political economy issues
- How can PPPs help in infrastructure provision?
- Case Study: Delhi-Noida Toll Bridge
Chapter 4: PPP Models and Issues
- Different PPP models – Build-Operate-Transfer (BOT), BOT (Toll) and BOT (Annuity) projects; Design-Build-Finance-Operate-Transfer (DBFOT) projects
- Typical issues that arise in each PPP model
- Case Study: Dar es Salaam Water and Sewerage Services
Chapter 5: PPPs in different sectors
- Private Participation in Infrastructure database of the World Bank
- PPPs in economic infrastructure (telecom, energy, transportation, and water and sewerage) sectors; PPPs in social infrastructure (health and education) – typical issues by sector
- Case Study: Manila Water Company
Chapter 6: Designing and Managing PPP Transactions
- PPP Contracts – Standardization versus Flexibility debate
- Key stages in bidding out PPP projects – Request for Qualification (RfQ) and Request for Proposal (RfP)
- Model Concession Agreements – Performance requirements, payment mechanism, dispute resolution mechanisms, termination provisions
- Case Study: Concession for Nhava Sheva International Container Terminal
Chapter 7: Infrastructure Regulation
Importance of autonomous regulation – preventing regulatory capture; Difficulties in establishing a sustainable regulatory regime - Types of Regulation – regulation by contract; autonomous regulatory institutions
- Regulatory institutions in India – Telecom Regulatory Authority of India (TRAI); Electricity Regulatory Commissions, Central (CERC) and State (SERC); Tariff Authority of Major Ports (TAMP); Airport Economic Regulatory Authority (AERA)
- Issues and Options: Objectives; Autonomy; Functions; Accountability; Regulatory processes; Multi-sectoral regulators
Chapter 8: PPPs in India
- Overview of developments and current status of PPPs in India
- Understanding the institutional framework for contracting and financing PPPs
- Some specific issues regarding infrastructure projects – Environmental clearance; Land acquisition
- Case Study: Dabhol Power Project
Chapter 9: Renegotiations and Cancellation of Infrastructure Projects
- Should infrastructure contracts be renegotiated?
Incidence of renegotiations - International and Indian experience - The conflict between ex-ante optimality and ex-post incentives to renegotiate
- Why are infrastructure projects cancelled?
- The Cancellation and Re-privatization of Mexican Toll Roads
Chapter 10: Value for Money in PPPs
- Sustainability of PPP projects and Value for Money (VfM) to the Government
- Analysis of VfM from PPPs across sectors in India
- Case Study: Delhi International Airport Limited
Index
Bibliography