Public-Private Partnerships in Infrastructure

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

Dr. Kumar V. Pratap is presently the Joint Secretary (Infrastructure Policy and Finance) at the Department of Economic Affairs, Ministry of Finance, Government of India. Earlier, he has worked with the Prime Minister's Office (New Delhi), the World Bank (Washington DC), Embassy of India (Washington DC), Ministry of Finance (New Delhi), and the Planning Commission (New Delhi). He has lectured at various institutions both in India and abroad and was also a visiting faculty at the Indian School of Business, India. He has published with Oxford University Press, the World Bank, Economic and Political Weekly, and the popular press. He is a recipient of a letter of appreciation from the Indian Prime Minister, and fellowships from the University of Melbourne's Emerging Leaders program, University of Maryland's John J Sexton and doctoral program. He has a MBA from Indian Institute of Management, Lucknow (1987) and a PhD from the University of Maryland, College Park, USA (2011).
Dr. Rajesh Chakrabarti is Professor and Executive Vice Dean at the Jindal Global Business School, Jindal Global University, Sonipat, India, and co-founder of Sunay Policy Advisory based in Gurugram, India. He has taught finance for over a decade and a half--at the University of Alberta, Canada, Georgia Tech, USA, and the Indian School of Business (ISB). As the founding Executive Director of the Bharti Institute of Public Policy at ISB's Mohali campus, he helped design and launch one of India's leading public policy programs. He has also been Executive Vice President, Research and Policy at the Wadhwani Foundation. Rajesh has held visiting positions at various institutions including Indian Institute of Management (IIM) Calcutta, Indian Statistical Institute (ISI) Delhi, India Development Foundation (IDF) Gurgaon, ICN Business School, Nancy, France, and the Federal Reserve Bank of Atlanta. He has authored or edited eight books, in addition to authoring several book chapters and articles on finance,