identical infrastructure project choosing be- tween two contractual arrangements with different financing profiles, namely … different probabilities of re-election, and obtain different rents. The adoption of different forms of project governance …

Traditionally, governments have had the major responsibility of managing the process of infrastructure provision …, especially financing. But of late governments across the globe are not in a position to build the required infrastructure …, maintain existing assets and to replace worn-out assets owing to the the rapid rise in construction cost, changing economic …

The paper compares provision of public infrastructure via public-private partnerships (PPPs) with provision under … advantage in building infrastructure. At the same time, hard budget constraints for PPPs introduce a bankruptcy risk and …