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Mechanisms for Transportation Infrastructure Investment in Developing Countries

DSpace at IIT Bombay

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Title Mechanisms for Transportation Infrastructure Investment in Developing Countries
 
Creator KHASNABIS, S
DHINGRA, SL
MISHRA, S
SAFI, C
 
Subject projects
 
Description In this paper, the writers examine different investment mechanisms for transportation infrastructure projects involving the private enterprise in developing countries. Roles identified vary from those of a financier to an operator for successful public-private ventures. A case study involving such a joint venture in India, the Mumbai-Pune Expressway/National Highway 4 is presented, and fiscal implications of the program, both from the perspective of the public and the private enterprise, are examined. The study concludes that if properly planned, joint ventures can be mutually beneficial. A joint public-private program may enable the public agency to use the resources saved for other public projects. It also provides the private agency an opportunity to invest funds in a profitable enterprise that yields social benefits, (e.g., improving mobility, promoting economic development, etc.). Careful analysis must be conducted before the project is undertaken to assess the financial and economic implications of the project from each participant's viewpoint, with due regard to risks and uncertainties associated with such long-term investments.
 
Publisher ASCE-AMER SOC CIVIL ENGINEERS
 
Date 2011-07-18T12:33:03Z
2011-12-26T12:50:37Z
2011-12-27T05:36:22Z
2011-07-18T12:33:03Z
2011-12-26T12:50:37Z
2011-12-27T05:36:22Z
2010
 
Type Article
 
Identifier JOURNAL OF URBAN PLANNING AND DEVELOPMENT-ASCE, 136(1), 94-103
0733-9488
http://dx.doi.org/10.1061/(ASCE)0733-9488(2010)136:1(94)
http://dspace.library.iitb.ac.in/xmlui/handle/10054/4917
http://hdl.handle.net/10054/4917
 
Language en