Making PPPs work again
If PPPs are to work, the division of risks between private contractors and the government has to be transparent
The Mumbai monsoon in its full fury, a taxi driver from Varanasi, and the budget day steered the conversation towards the Ganga. “ ₹ 2,000 crore theek hai, magar implement kaise hoga?", I earnestly enquired of the man behind the wheel. How would the mammoth task of cleaning the river materialize despite the funds allocated to it by the first budget of the National Democratic Alliance (NDA) government? The driver, clearly smitten by Narendra Modi and his promise of achhe din (good days) nonchalantly exclaimed, “Sir, PPP."