Skip to main content
  • Book
  • © 2017

Public-Private Partnerships in Infrastructure

Managing the Challenges

  • Offers a comprehensive “from-principles-to-practice” reference book for private participation in infrastructure with a special focus on India
  • Discusses contemporary issues in Indian infrastructure including land acquisition, environmental clearance
  • Uses relevant case studies to analyze PPP failures to pinpoint problems so as to avoid them in future

Part of the book series: India Studies in Business and Economics (ISBE)

Buy it now

Buying options

eBook USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

This is a preview of subscription content, log in via an institution to check for access.

Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxvii
  2. Infrastructure PPPs—Concepts and Evidence

    1. Front Matter

      Pages 7-7
    2. Infrastructure Challenges

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 9-40
    3. Financing Infrastructure

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 41-73
    4. Public-Private Partnership (PPP) Concepts

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 75-112
    5. Models of PPP—Taxonomy and Issues

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 113-137
    6. Sectoral Distribution and Sector-Specific Issues for Infrastructure PPPs

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 139-170
    7. Designing and Structuring PPP Transactions

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 171-190
    8. Infrastructure Regulation

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 191-216
  3. Infrastructure PPPs in India: Managing the Challenges

    1. Front Matter

      Pages 217-217
    2. PPPs in India

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 219-260
    3. When Things Go Wrong: Renegotiation and Cancelation of Infrastructure Projects

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 261-288
    4. Analysis and Case Studies of a Few Infrastructure PPPs in India

      • Kumar V. Pratap, Rajesh Chakrabarti
      Pages 289-361
  4. Back Matter

    Pages 363-382

About this book

The book provides readers with a clear understanding of infrastructure challenges, how Public‐Private Partnerships (PPP) can help, and their use in practice. Infrastructure bottlenecks are generally considered the most important constraint to growth in many countries worldwide. Historically, infrastructure projects have been financed and implemented by the state. However, owing to the fiscal resource crunch, time and cost over‐runs, and the general poor quality of publicly provided infrastructure, many emerging market governments, including India, have increasingly adopted PPPs with billions of dollars of investment riding on them. The results have been varied – from spectacular airports like the Delhi International Airport Limited with the associated controversy over land use, to the renegotiation of contracts as in the case of Tata Mundra Ultra Mega Power Project. Illustrating concepts with relevant case studies, the book makes the challenges of PPPs understandable to industry and management practitioners as well as students of management, public policy and economics. It is useful to practitioners wishing to avoid the pitfalls in the tricky terrain of PPPs and policymakers wanting guidance in crafting proper incentives. It also helps students gain a holistic and “applied” understanding of this increasingly important and popular model.


“Public Private Partnerships (PPPs) in India are currently under stress. A comprehensive treatment of the subject by a long-time and erudite practitioner and a management academic, this book should be useful to students trying to learn the basics, while also being valuable to professionals and policy makers. The book suggests that the Government should hold bidders accountable to their submitted bids, thereby preserving sanctity of contract. This will discourage aggressive bidding which has become a serious and endemic problem. The book also suggests the use of better bidding criteria to mitigate traffic risk in transport projects. Policy makers should pay heed to these suggestions as they consider improvements in the PPP policy regime going forward.”
—Arvind Subramanian, Chief Economic Adviser, India


“For a fast-growing India, infrastructure creation and operation is a great challenge and opportunity. This excellent book combines theory and practice on PPPs, and is very useful for professionals and students alike. With case studies and current developments, the authors bring out issues in India with global experiences as well. A must-read for infrastructure practitioners.”
—Shailesh Pathak, Chief Executive (Designate), L&T Infrastructure


Development Projects Limited “India’s program of private participation in infrastructure attracted worldwide attention as it became one of the largest programs in emerging markets. As well as the volumes of finance mobilized, it garnered interest because of some of the innovative approaches developed, such as Viability Gap Funding. The Indian PPP story is well captured in this book, which also makes the point that India is seeing project cancellations and failures rise. The authors analyze the factors behind this and point the way to a more robust PPP market that learns from the experiences of the past.”
—Clive Harris, Practice Manager, Public-Private Partnerships, World Bank

Authors and Affiliations

  • Ministry of Finance, Government of India, New Delhi, India

    Kumar V. Pratap

  • Jindal Global Business School, O P Jindal Global University, Sonipat, India

    Rajesh Chakrabarti

About the authors

Dr. Kumar V. Pratap is presently the Joint Secretary (Infrastructure Policy and Finance) at the Department of Economic Affairs, Ministry of Finance, Government of India. Earlier, he has worked with the Prime Minister’s Office (New Delhi), the World Bank (Washington DC), Embassy of India (Washington DC), Ministry of Finance (New Delhi), and the Planning Commission (New Delhi). He has lectured at various institutions both in India and abroad and was also a visiting faculty at the Indian School of Business, India. He has published with Oxford University Press, the World Bank, Economic and Political Weekly, and the popular press. He is a recipient of a letter of appreciation from the Indian Prime Minister, and fellowships from the University of Melbourne's Emerging Leaders program, University of Maryland’s John J Sexton and doctoral program. He has a MBA from Indian Institute of Management, Lucknow (1987) and a PhD from the University of Maryland, College Park, USA (2011).


Dr. Rajesh Chakrabarti is Professor and Executive Vice Dean at the Jindal Global Business School, Jindal Global University, Sonipat, India, and co-founder of Sunay Policy Advisory based in Gurugram, India. He has taught finance for over a decade and a half––at the University of Alberta, Canada, Georgia Tech, USA, and the Indian School of Business (ISB). As the founding Executive Director of the Bharti Institute of Public Policy at ISB’s Mohali campus, he helped design and launch one of India’s leading public policy programs. He has also been Executive Vice President, Research and Policy at the Wadhwani Foundation. Rajesh has held visiting positions at various institutions including Indian Institute of Management (IIM) Calcutta, Indian Statistical Institute (ISI) Delhi, India Development Foundation (IDF) Gurgaon, ICN Business School, Nancy, France, and the Federal Reserve Bank of Atlanta. He has authored or edited eight books, in addition to authoring several book chapters and articles on finance, economics, and management in leading international scholarly journals. He has been a columnist with the Financial Express and is frequently quoted in the media. His current research interests are in the areas of management and public policy. Rajesh is an alumnus of Presidency College, Kolkata, and IIM Ahmedabad, and earned his PhD from the University of California, Los Angeles, USA.


Bibliographic Information

  • Book Title: Public-Private Partnerships in Infrastructure

  • Book Subtitle: Managing the Challenges

  • Authors: Kumar V. Pratap, Rajesh Chakrabarti

  • Series Title: India Studies in Business and Economics

  • DOI: https://doi.org/10.1007/978-981-10-3355-1

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Singapore Pte Ltd. 2017

  • Hardcover ISBN: 978-981-10-3354-4Published: 25 January 2018

  • Softcover ISBN: 978-981-10-9852-9Published: 09 June 2019

  • eBook ISBN: 978-981-10-3355-1Published: 09 January 2018

  • Series ISSN: 2198-0012

  • Series E-ISSN: 2198-0020

  • Edition Number: 1

  • Number of Pages: XXVII, 382

  • Number of Illustrations: 73 b/w illustrations

  • Topics: Public Finance, Public Policy, Real Estate Management, Development Economics

Buy it now

Buying options

eBook USD 99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access