PPP's in Road Renovation and Maintenance – A Case Study of the East Coast Road Project

Journal of Financial Management of Planning and Construction, Vol. 15, No. 1, pp. 21-40, 2010

31 Pages Posted: 2 May 2010

See all articles by R. Siddharth

R. Siddharth

Bloomberg L.P.

S. P. Mukund

Bloomberg L.P.

Thillai Rajan Annamalai

Indian Institute of Technology (IIT)

Date Written: June 30, 2009

Abstract

Public-private partnerships (PPPs) are being frequently used today to private sector investment in road projects. Most of the road PPP projects are either for new roads or for those that involve significant expansion of existing capacity. There are limited instances of PPPs for renovating and maintenance of existing roads. The purpose of this paper is to highlight the applicability of using PPPs for road renovation and maintenance projects.

This paper uses a case-study approach since it is an appropriate strategy to investigate a phenomenon within its real life context. The East Coast Road project was chosen for the study because it was the first project in India to use PPP for road renovation and maintenance, and being the first project of its kind, the case was of general public interest.

The paper indicates that risk levels in Rehabilitate, Improve, Maintain, Operate and Transfer (RIMOT) projects are lower than Greenfield BOT projects. Even in areas like renovation and maintenance, PPP structures can bring many advantages over traditional procurement.

Keywords: India, Partnership, Private Sector Organizations, Public Sector Organizations, Roads

JEL Classification: L91, R42

Suggested Citation

Siddharth, R. and Mukund, S. P. and Annamalai, Thillai Rajan, PPP's in Road Renovation and Maintenance – A Case Study of the East Coast Road Project (June 30, 2009). Journal of Financial Management of Planning and Construction, Vol. 15, No. 1, pp. 21-40, 2010 , Available at SSRN: https://ssrn.com/abstract=1598952

R. Siddharth

Bloomberg L.P. ( email )

731 Lexington Avenue
New York, NY 10022
United States

S. P. Mukund

Bloomberg L.P. ( email )

731 Lexington Avenue
New York, NY 10022
United States

Thillai Rajan Annamalai (Contact Author)

Indian Institute of Technology (IIT) ( email )

Chennai
Madras
India
919444926442 (Phone)

HOME PAGE: http://www.doms.iitm.ac.in/thillai.htm

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