India has vast requirement of Infrastructure building and improvement. The PPP route was established in last decade also saw some lean time. With New government initiative the PPP has again come with better risk sharing matrix between private and public. Vishvaraj infrastructure limited (VIL) has been a proponent of PPP model, and has established track record in Road and highways sector. With Urban Infrastructure foray in Water, it is today the only Indian Utility with ongoing projects in Water distribution as well as Waste water treatment and Reuse.
With Water scarcity hitting the country in a big way, with sustainability point of view, VIL’s example of Total Integrated water management at Nagpur is being followed by the whole nation. Treating Sewage as Water Source and reuse for commercial/industrial purpose is key to releasing fresh water used by Industry for drinking, without augmenting fresh sources.
Government also realized the rational, and is supporting with policies promoting treated water use after the successful endeavor of Nagpur. This has opened gates for USD 45bn+ drinking water and USD 25 billion+ sewage and reuse market for Private participation in India. Large Programs like Namami Gange (Ganga Cleaning) is based on Hybrid Annuity PPP model.
It’s the 4th P that powers PPP – PPP to 4P Model. Ever since the Indian economy was opened and the process of liberalization was set in, various private players added their might partnering with public enterprises in various sectors. PPP as a concept on paper brings in very good synergy of Private enterprise efficiency with Public ownership of assets. But in reality we see a trust deficit between the ultimate stakeholders, People on one hand and Government & Private 30 years can be a risk unless people are on boarded. Our answer to this situation is Involve / Integrate the Fourth P – People – citizens in the PPP Model enhancing its credibility. PPP can be very successful if the fourth P- People are integrated in the structure with openness and responsibility of communicating with larger masses. People as largest stakeholders in any PPP must participate to monitor the contracts done between the two Ps.