B1-
In one sense PPP is the arrangement between the government or state sector and the private sector where private sector can take over on contractual basis the services and functions,traditionally provided by the state.It also means the use of Non-state or Non-Profit bodies for raising funds and pursuing the social services oor the developmental functions.
It indicates the joint partnership between the public sector and the private sector in matters of production and delivery of goods and services. It involves triangular relationships between the state ,Private sector and those who receive the services.And,the 'quasi-corporatism' approach brings the state,civil society,and Market sector together.Goldsmith and Eggers point out that public private partnership can involve relationships among a variety of public ,civil society and market actors and they view this as the government by Networks.
B2-
As highlighted in Economic survey 2012-13,global experience indicates that PPP work well when they combine the efficiency and risk assessment of the private sector with the public purpose of the private sector.They work poorly when they rely on the efficiency and risk assessment of the government sector and the public purpose of the private sector.India should be careful not to undertake PPPs that don't apportion risks and responsibilities sensibly.Moreover flexibility needs to be built into arrangements so that the contract can be withdrawn and put up for rebid when the private party unperformed. The early success of PPP projects in India was mainly due to the meeting of obligations by the stakeholders in a timely manner as well as implementation of projects over reasonable timelines.However with economic slowdown,lower than expected demand for services and a sharp rise in input costs has started resulting in failure of contracting parties to meet their obligations as stipulated in the PPP agreements.As a result,the infrastructure gap has widened over the last few years A model that depends over private capital may be difficult to implement if the companies executing infrastructure projects are financially stressed and not in position to raise more funds in the absence of radical restructuring.Further,the execution,operation and maintenance capacities of implementing agencies also need to be assessed and strengthened. The role of banks and financial institutions also need to be assessed and strengthened. The role of banks and financial institutions also needs to be assessed and strengthened.The role of banks and financial institutions also needs a re look from the due diligence and appraisal perspective.Last but not the least,the ability of PPPs to become an efficient means of delivering public services will also crucially depend on the intention and spirit of all contracteulk parties to honour their respective commitments.
In one sense PPP is the arrangement between the government or state sector and the private sector where private sector can take over on contractual basis the services and functions,traditionally provided by the state.It also means the use of Non-state or Non-Profit bodies for raising funds and pursuing the social services oor the developmental functions.
It indicates the joint partnership between the public sector and the private sector in matters of production and delivery of goods and services. It involves triangular relationships between the state ,Private sector and those who receive the services.And,the 'quasi-corporatism' approach brings the state,civil society,and Market sector together.Goldsmith and Eggers point out that public private partnership can involve relationships among a variety of public ,civil society and market actors and they view this as the government by Networks.
B2-
As highlighted in Economic survey 2012-13,global experience indicates that PPP work well when they combine the efficiency and risk assessment of the private sector with the public purpose of the private sector.They work poorly when they rely on the efficiency and risk assessment of the government sector and the public purpose of the private sector.India should be careful not to undertake PPPs that don't apportion risks and responsibilities sensibly.Moreover flexibility needs to be built into arrangements so that the contract can be withdrawn and put up for rebid when the private party unperformed. The early success of PPP projects in India was mainly due to the meeting of obligations by the stakeholders in a timely manner as well as implementation of projects over reasonable timelines.However with economic slowdown,lower than expected demand for services and a sharp rise in input costs has started resulting in failure of contracting parties to meet their obligations as stipulated in the PPP agreements.As a result,the infrastructure gap has widened over the last few years A model that depends over private capital may be difficult to implement if the companies executing infrastructure projects are financially stressed and not in position to raise more funds in the absence of radical restructuring.Further,the execution,operation and maintenance capacities of implementing agencies also need to be assessed and strengthened. The role of banks and financial institutions also need to be assessed and strengthened. The role of banks and financial institutions also needs to be assessed and strengthened.The role of banks and financial institutions also needs a re look from the due diligence and appraisal perspective.Last but not the least,the ability of PPPs to become an efficient means of delivering public services will also crucially depend on the intention and spirit of all contracteulk parties to honour their respective commitments.
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