Programme

PGPX

Term

IV

Academic Year

2021-22

Course title

Infra Dev. And Public Pvt. Partnerships

Area

Public Systems Group

Credits

1.00

Instructor(s)

Prof. Ajay Pandey, Prof. Sebastian Morris (VF), Prof. Rekha Jain (VF)

Course Description & Objectives

Objectives: Provision of infrastructure facilities, traditionally in the government domain, is now being offered for private sector investment and management in most countries. This trend has been reinforced by the resource crunch faced by many governments. Infrastructure projects, with private participation, worth several hundred billions of dollars using some form of `project finance' are under consideration in many emerging markets. They also raise issues relevant to regulation to the development of domestic capital markets and the role of foreign funds. These projects present unique problems for structuring, risk management and financing as they are usually characterized by large investments, long gestations periods and very specific domestic markets. This course provides the participants with the skills and understanding necessary to structure, appraise, finance and implement infrastructure projects in sectors such as power, telecom, and transport (including rail, roads, air and ports). It also attempts to bring to the fore the policy issues including regulation, in the current context of the opening of infrastructure to private parties in India.