Critical Success Factors for PPP Projects in Infrastructure Development: The Indian Scenario

Public Private Partnerships (PPPs) are vital means for asset creation which inject private sector's resources and encourage innovation, facilitate proper risk allocation and ensure value-for-money. The World Bank reports India as the largest market for PPPs. However, since its inception, PPPs have often gained negative criticism, except in a few cases. The research investigates the underlying causes which determine its successful implementation. Extensive literature study followed by questionnaire survey from industry experts and statistical and descriptive analysis are carried out. Using principal component analysis(PCA), thestudyindicateslackof communityparticipation, political will and absence of good governance as the main factors that delay the projects and make them financially unviable.