Mega projects (primarily infrastructure) receive a sizable investment (~10%) of the gross fixed capital formation in India. Environmental clearances and land acquisitions have been the two major reasons for delays in the projects. However, there has been a steady increase in the proportion of...

Mega projects (primarily infrastructure) receive a sizable investment (~10%) of the gross fixed capital formation in India. Environmental clearances and land acquisitions have been the two major reasons for delays in the projects. However, there has been a steady increase in the proportion of...

Structuring Public Private Partnerships (PPPs) in railways is a challenge, given its technology base, and obligation as a public and affordable mode of transportation. The sector provides strong incentives for vertical integration due to economies of scope. However, it is evident from the...

A new large railway project offers opportunity for structuring in a manner that best value can be delivered towards transportation. This is more so in the context of an existing large integrated railway system (Indian Railways (IR)) directly under the Government. The structuring issues include...

The telecommunications sector has emerged as one of the key sectors that have put the Indian economy on a revival path. Proactive policies such as opening up the sector to private players and competition, unbundling the policy, regulatory and operational roles of the government, removal of...

The concession agreement for the modernization and operation of Indira Gandhi International airport in Delhi and Chhatrapati Shivaji International airport at Mumbai respectively is referred to as Operation Management and Development Agreement (OMDA). The OMDA was a part of a set of transaction...

PPP mode of investment in Indian ports has made a significant headway and is preferred for investments today. The 12 major ports and about 200 minor ports along the 7,500 km coastline of the country have together traded about 935 mt of cargo in 2012-13. The traffic is growing each year. The...

Economic liberalisation in 1990s necessitated development of a world class road network to trigger the economic growth trajectory for India. The concept of involving private sector was mooted as the investment required for this task was well beyond the budgetary support. Thus private sector...