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ARTICLE · 20 APRIL 2017

The Toll-Operate-Transfer Model For Asset Recycling

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India has a gigantic capacity for public-private partnership (PPP) investments. While PPP project implementation grew aggressively from 2001 to 2010, project awards dropped sharply between 1 April 2014 and 31 March 2015.

IndiaGovernment, Public Sector
HSA Advocates
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India has a gigantic capacity for public-private partnership (PPP) investments. While PPP project implementation grew aggressively from 2001 to 2010, project awards dropped sharply between 1 April 2014 and 31 March 2015. This can be attributed to a lack of optimal and equitable allocation of risks between the stakeholders, cumbersome process and legislative uncertainty in land acquisition, lack of regulatory certainty regarding environmental/industrial consents and clearances, absence of a PPP regulator, instances of long-drawn litigation and unstable revenue models.

In November 2015, a report by the Committee on Revisiting and Revitalizing Public Private Partnership Model of Infrastructure recommended monetizing operational projects with a formidable record of revenue generation, which can then be doled out to private parties for operation and maintenance (O&M).

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