Introduction

Public Private Partnership (PPP) is essential for infrastructure projects to combine public resources and oversight with private sector expertise, innovation, and efficiency. This model accelerates development while sharing financial and operational risks.

Body

1.Need for PPP in Infrastructure

i.Resource Mobilization: Addresses public sector budgetary constraints by leveraging private capital. Example: India needs ₹111 lakh crore for infrastructure development by 2025 (National Infrastructure Pipeline).

ii.Technical Expertise: Private sector brings innovation and operational efficiency.

iii.Timely Execution: PPP reduces delays through better project management.

2.Role of PPP in Redevelopment of Railway Stations