Source: Financial Express

By: Amitava Basu

PROVISION of infrastructure facilities has traditionally been the responsibility of the government because of their "public goods" characteristics. This notion is, however, changing.

In 1997, investment in infrastructure projects with private sector participation peaked worldwide. The investment was over US$ 120 billion, but it has since fallen to less than half that level. In 2004 and 2005, around 206 public-private partnership (PPP) deals valuing approximately US$ 52 billion were closed in the world. Out of these, 152 projects of estimated value of US$ 26 billion were in Europe; and 54 projects with an estimated value of US$ 26 billion were outside Europe. So, it can be seen that while the non-European markets closed significantly fewer projects, the level of investment delivered through PPP route was similar to that of Europe.

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Posted by pichu at October 19, 2006 7:17 PM