ANNOUNCEMENTS
In the last two decades the Public Private Partnership as a funding tool for developing infrastructure sector has grown significantly. The reason are the benefits of the PPP policy as it brings gives the innovation to the projects which are efficiently implemented, as compared to traditional procurement methods which resulted in inefficiency and delays in the projects. Thus, PPP is growing trend and there is acceptance of this policy all across the world. Urban infrastructure is key to India’s economic growth and huge investments are required, to scale up the operational efficiencies. Therefore, the development has been and in future should be ne undertaken through PPP mode. But, the challenges of the PPP policy must be analysed before adoption, as past case studies, discussed in the study show that there have been unsuccessful PPP projects which lead to loss of public money. The study also included international examples to analyse the policy. Based on past case studies and these examples, the study concludes with changes required for PPPs to be successful and what is the way forward for PPP in urban infrastructure development in India.
