PPPs in infra projects need 'wholehearted acceptance'

The Economic Survey 2024-25 has called for the "wholehearted acceptance" of public-private partnerships (PPPs) in several infrastructure projects across the country.

- DHRUVAKSH SAHA

"We need to ensure increasing private participation in infrastructure by improving their capacity to conceptualise projects and their confidence in risk and revenue-sharing mechanisms, contract management, conflict resolution and project closure," it said.

In its previous edition, the Survey had raised the same issue, exhorting the private sector to invest more in capital expenditure, indicating that private participation in infrastructure continues to be below the expectations of the finance ministry even now. "The efforts of the Union government would need to be supplemented with wholehearted acceptance of the need for public-private partnerships in infrastructure across the country. Equally important, the private sector must reciprocate, too," the Survey said.