Details

Autor(en) / Beteiligte

• Nallathiga, Ramakrishna
• Hakim, Simon
• Blackstone, Erwin A
• Clark, Robert M
• Clark, Robert M.
• Blackstone, Erwin A.

Titel

Public–Private Partnerships in Roads Sector: A Study of Two Urban Road Projects in India

Ist Teil von

• Handbook on Public Private Partnerships in Transportation, Vol II, 2022, p.101-128

Ort / Verlag

Switzerland: Springer International Publishing AG

Erscheinungsjahr

2022

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Public–Private Partnership (PPP) is deployed in road and highway development across the world. Following the global trend, India also deployed the PPP in its highway development program, which also includes the development of urban arterial roads. However, whether such urban road development PPP projects are successful is largely an empirical question. This chapter is an attempt to examine whether such urban arterial road projects developed under PPP are successful not only in terms of “cost-time-quality” metrics but also in terms of other project features like strategic planning, detailing, and implementation. It makes a case-comparative analysis of two urban arterial road projects located in two different metropolitan cities in India, which used the PPP into ring road development in a different manner. The study finds that while the strategic planning of urban ring road projects is essential for their success, such projects also require careful project planning (including financing) as well as process management (especially, land acquisition management) for them to become successful. There are more risks in urban arterial road development projects under PPP that affect the timely execution of projects while also leading to cost overruns. Although the PPP ring road projects are costlier and have more risks in execution, they offer better project outcomes such as superior built quality of asset to become “value for money.” The experience of both the urban road PPP projects in India, however, also underlines the importance of institutional capacity and adequate finances. The choice of appropriate PPP model is also important to achieve project success.