Sustainable Infrastructure Development through Public Private Partnership

Every Government including the public sector at central, state, and municipality levels have mandated to provide public services. In this case entire investment in infrastructure is funded by government from taxpayer and all operations and maintenance is likewise paid from public funds. Hence Governments of India and all other countries are turning to public-private partnerships (PPPs) as a means for accessing private sector financing and expertise that government does not currently posses, and therefore provision of quality and enhanced services to end users are now available that otherwise might not be available. In India, public-private partnerships have been extremely successful in developing infrastructure and the major infrastructure development projects in India are based on the P3 model. Sector-wise, the road projects account for about 60% of the total projects in numbers, and 45% in terms of value. Ports come in the second place and account for 10% of the total projects (30% of the total value). Other sectors including power, irrigation, water supply, telecommunication, tourism, urban development and airports have gained momentum through the P3 model.