Akhil Lakhera, Patiksha Malviya, Nitesh Kushwaha
It has been observed throughout the world that it is difficult for the private sector to meet the financial requirements of the infrastructure while isolating the risks inherent in the construction of the infrastructure. Therefore, the PPP model has become a logical, viable and necessary option for the government and the private sector to work together. Public-private partnership project (PPP) according to the Government of India, a project based on a long-term contract or a concession agreement, between a government or a statutory entity on the one hand and a private company on the other hand, for the provision of an infrastructure service against the payment of usage fees. The grant agreement is specifically designed to finance, design, implement and operate infrastructures, and collaboration initiatives are based on the agreed allocation of resources, risks and returns. In this article, the author emphasizes the concept and growth of public-private partnerships, the analysis of various models of public-private partnership according to the requirements of the sector, the advantages and disadvantages of public-private partnerships in the developing economy . development like India, investigating the problems of the public-private partnership model in India and suggesting probable solutions.
PPPs (Public Private Partnership); BOOT (Build Own operate Transfer); BOT (Build Operate Transfer), Infrastructure development, Public services, PPPAC, VGF etc.