Are the Indian National Highway PPPs More Efficient than Non-PPPs? An Empirical Analysis through Data Envelopment Analysis
Presently, the entire world is moving to adopt Public Private Partnership1 (PPP) mode as an alternative to the traditional mode2 of ‘item rate of contract’ to provide both economic and social infrastructure. This move is due to the professed advantages of PPPs, such as improved efficiency in service delivery, hassle-free operation and maintenance, on-time completion, synergy between the government and concessionaire in optimum distribution of project risks and creation of value for money3 to all the stakeholders.