India has shown considerable interests in improving its infrastructural facilities with the help of private players from nineties onwards. Construction of the Golden Quadrilateral is a major initiative in the highway sector, which connects four major metros of the country - Delhi, Mumbai, Chennai and Kolkata. To ensure private participation in these projects, Government of India has accepted the significance of the state support in risk mitigation. This paper presents a case on Indian highway sector which unveils various dimensions of risks associated with road infrastructure development and risk mitigation efforts for attracting private participants in the road sector as well as ensuring success in implementing projects.
Infrastructure, risk analysis, SWOT analysis, Force Majeure
