Public-Private Partnerships Framework in India and Bangladesh for Infrastructure Development
Keywords:Infrastructure development, PPP, India and Bangladesh
PPP (Public Private Partnership) has provided opportunities for public and private sector for a win-win situation for both the partners. Experience to date in India, and internationally, shows that there is no unique formula for developing a sound PPP framework. However, successful programs are characterized by clear policy and legal frameworks for PPPs, competent and enabled institutions that can appropriately identify, procure and monitor PPPs, and efficient oversight and dispute resolution procedures. In India and Bangladesh it was seen that the private sector leveraged advantages in financing, greater operational efficiency, better marketing practices, lower costs, efficient delivery systems, faster decision making, management flexibility, quality service and better up scaling technologies. Whereas the public sector leveraged upon administrative base, public support, certifications, market base, extensive infrastructure. This article identifies key areas for success in various PPP infrastructure development projects both in India and Bangladesh.
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