Augmenting Public Private Partnership (PPP) in Infrastructure Projects Through Project Management and Accountable Governance in India
Prasanna B Babli, Dy. Manager PDLP, Essar Projects (India) Ltd., Orissa.
India is only second among the emerging economies next to China. With an average GDP rate of 7.5% and upside, the demand to improvise infrastructure is magnanimous. The average spending capacity proportional to the earning power has also drastically increased. Emphasis to improve the infrastructure is evident from the 11th five year plan. The planning commission is slated to increase the investment in upgradation and capacity enhancement to the tune of almost 5-6% of the GDP.
However, more than 60% of economically viable projects have had a breach in terms of successful completion with regards to time, cost, quality, and value addition. In order to bridge this gap between feasibility and viability, better project management techniques combined with accountability for delays must be incorporated.
However, more than 60% of economically viable projects have had a breach in terms of successful completion with regards to time, cost, quality, and value addition. In order to bridge this gap between feasibility and viability, better project management techniques combined with accountability for delays must be incorporated.
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NBMCW December 2012
