Infrastructure Development and Financing: Including Social Infrastructure: Issues and Challenges

Contents: Foreword. Preface. 1. Infrastructure: meaning and significance for economic development and investment estimates. 2. Growing urbanisation: infrastructure estimates-issues. 3. Infrastructure development various approaches of private sector involvement: including PPP approach, its constraints and challenges. 4. Infrastructure projects: private sector involvement and PPP approach in India. 5. Infrastructure projects under PPP approach: global scenario. 6. Education: private sector role- public-private-partnership for elementary education. 7. Higher education in India-its growth and private participation: policy issues. 8. Transport Infrastructure Management: constraints and strategic issues. 9. Urban transport: a case study of Noida Toll Bridge Ltd (NTBCL). 10. Mass rapid transport: a case study of Delhi metro rail transit system. 11. National highway development: a case study of Delhi- Gurgaon NH-8- a situation of political compulsion. 12. Indian Railways: capacity building through PPP- challenges and issues. 13. Airport infrastructure development through PPP: A case study of IGI Delhi Airport. 14. Power sector reforms: private financing and issues for good governance. 15. Prison privatisation: practices and prospects. 16. Infrastructure financing-traditional and institutional financing: issues and constraints. 17. Securitisation and bonds - new age infrastructure financing. 18. Western world experience of infrastructure development and financing: strategic issues. Glossary of terms. Index . Infrastructure is an umbrella term for many activities referred to as social overhead capital and includes public utilities, public works, communication, and transport. It also includes social infrastructure and is gaining importance with growing urbanisation. India has an ambitious programme of infrastructure investment of Rs 65.78 lakh crore during the Twelfth Five year Plan with private sector share of 47%. In addition, with growing urbanisation, more so due to emphasis on smart cities, the urban contribution to GDP will increase to 70% by 2030; and investments towards urbanisation are estimated as Rs40,000 billion during 2013-25. All these emphasise the need to analyse development and financing of various infrastructure sectors over the years. The study is a comprehensive one as it covers different segments of infrastructure like, education, prison privatisation, power and transport sectors. Though higher education in India has expanded over the years and it has great potential and opportunities in terms of export of higher skill services, it is in crisis due to falling quality, unemployable graduates and dismal performance. Likewise, though transport system in India has registered growth, it has many bottlenecks, constraints and inadequacies. Various case studies including Delhi Metro, Noida Toll Bridge, IGI Delhi Airport, Delhi- Gurgaon NH-8, and short cases relating to urban development have been discussed to illustrate the adoption of PPP approach; to highlight areas of interest and concern; and also various policy issues relating to development and financing of infrastructure.…