Public Private Partnership in Operation and Maintenance of Highways Model Concession Agreement

Abstract

There is today a broad consensus that a sustained growth rate of about 9% per annum is feasible and necessary for India to make progress in eliminating poverty and achieving a quantum jump in the quality of life of its citizens. The creation of world class infrastructure is key to sustaining such a growth rate. It is equally essential that the infrastructure so created does not suffer from neglect in its operation and maintenance. While the projects built and operated through Public Private Partnerships (PPPs) are amenable to enforcement of performance standards in terms of quality of service, the same may not be true of the infrastructure owned and operated by the public sector.