Unconventional Methods of Financing Urban Development: The Role of PPP

URBAN INFRASTRUCTURE AND GOVERNANCE, pp. 176-205, G. Ramesh, Vishnu Prasad Nagadevara, Gopal Naik, Anil Suraj, eds., Routledge, 2010

Lee Kuan Yew School of Public Policy Research Paper No. PP10-18

Posted: 28 Sep 2011 Last revised: 5 May 2014

See all articles by Mukul G. Asher

Mukul G. Asher

National University of Singapore - Lee Kuan Yew School of Public Policy

Deepa Vasudevan

affiliation not provided to SSRN

Date Written: 2010

Abstract

The demand for urban infrastructure and amenities in India far exceeds the limited conventional financial resources of local governments. As a result, skills in accessing unconventional financing sources (such as municipal bond markets and using state assets more productively) have become essential. This will require the Urban Local Bodies (ULBs) to learn to initiate and sustain Public Private Partnerships (PPPs). This chapter discusses common PPP modes in municipalities, and the risks and challenges in implementing them. The introduction of private capital or managerial expertise through a PPP does not guarantee success in itself; it has to be supported by transparent and equitable risk allocation between partners. The governance structures of the ULBs will need to become more accountable and performance-oriented.

Keywords: urban planning, infrastructure, India, cities, PPPs, governance

Suggested Citation

Asher, Mukul G. and Vasudevan, Deepa, Unconventional Methods of Financing Urban Development: The Role of PPP (2010). URBAN INFRASTRUCTURE AND GOVERNANCE, pp. 176-205, G. Ramesh, Vishnu Prasad Nagadevara, Gopal Naik, Anil Suraj, eds., Routledge, 2010 , Lee Kuan Yew School of Public Policy Research Paper No. PP10-18, Available at SSRN: https://ssrn.com/abstract=1923595

Mukul G. Asher (Contact Author)

National University of Singapore - Lee Kuan Yew School of Public Policy ( email )

Singapore 117591
Singapore
(65) 6778 1020 (Fax)

Deepa Vasudevan

affiliation not provided to SSRN ( email )

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