By Gaurav Taneja,
The Economic Times
11 October 2007

India, despite an annual growth rate of 9% which is expected to improve further, has only recently come to terms with the fact that to meet the basic infrastructure needs of its population, reliance cannot be placed on public finance alone. Over the past several years, the private sector has effectively participated, and it can do much more if certain key issues facing public-private partnerships (PPPs) are resolved.

Let us capture the past performance. According to a joint report by the government of India and ADB, as of December 2006, as many as 86 PPPs had been awarded mainly in roads and ports. The World Bank statistics show that during a 15-year period from 1990 as much as $51 billion of public and private investment has been invested into various projects.

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Posted by dcjaya at October 11, 2007 11:30 PM