Trial balance : private sector financing for road projects in India

Cover -- Contents -- I: BACKGROUND -- 1 Road Sector in India -- 1.1 Description of Road Network -- 1.2 Road Infrastructure Financing -- 1.3 The Role of Public-Private Partnerships in Road Development -- 2 Public-Private Partnerships and Private Sector Finance -- 2.1 Definition of a Public-Private Partnership -- 2.2 Government Public-Private Partnership Institutions -- 2.3 Policy and Legal Frameworks -- Summary -- Public-Private Partnership Models -- International Reference -- II: EVOLUTION OF PUBLIC-PRIVATE PARTNERSHIP MODELS -- 3 Direct Negotiation Models -- 4 Joint Venture Model -- 4.1 Delhi Noida Toll Bridge -- 4.2 Government's View of the Joint Venture Model -- 5 Competitive Procurement and Streamlining of Processes -- 5.1 Annuity-based Build, Operate, and Transfer -- 5.2 Shadow Tolls -- 5.3 Toll-based Concessions -- Summary -- III: FINANCING SCENARIO -- 6 Financing Requirements -- 7 Existing Financial Institutions -- 8 Infrastructure Finance Institutions -- 8.1 Infrastructure Leasing and Financial Services -- 8.2 Infrastructure Development Finance Company -- 8.3 India Infrastructure Finance Company Ltd. -- 8.4 Business Trajectory and Learning -- 9 Constraints in Debt Finance -- 10 Equity Investment -- 10.1 Subordinate Debt and Mezzanine Capital -- Summary -- IV: SECTOR PERFORMANCE -- 11 Cycles of Optimism and Pessimism -- 11.1 Project Preparation and Business Cycles -- 12 Government Action -- 13 Stakeholder Interaction -- 14 Contractual Rigidity and Absence of Regulator -- 15 A Changing Project Profile -- Summary -- V: TRIAL BALANCE -- 16 Summary of Developments -- 16.1 Public-Private Partnership Background -- 16.2 Market Response -- 16.3 Multiple Stakeholders -- Conclusion: Trial Balance -- APPENDIX: PUBLIC-PRIVATE PARTNERSHIP STAKEHOLDER LINKAGES -- Public-Private Partnership Network Participation -- Contractual Linkages.