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INFRASTRUCTURE








                                                   “A People First Public Private Partnership is
                                                  a long term contractual relationship between
                                                  the public and private sector, where delivering
                  governments considering the use
                  of PPPs to deliver investment in   value for people is the core objective, there is
                  roads infrastructure as a way of   a commitment to serving and protecting the
                  meeting the SDGs and achieving
                  PfPPP.                          community, and the project is developed with the
                   PPPs in Roads can help         real interests of people in mind.”
                  governments tackle development
                  needs by bringing sustainable
                  investment, replicable processes
                  and expertise to complex roads   result, both value for money and   the private and public sector,
                  transportation networks. This   value for people should play a   while delivering value for people
                  Standard is intended to assist   fundamental role in the decision   and protecting the community
                  governments in the successful   of whether a public institution   and environment. The project
                  use of PPPs in road projects   should enter into PPP agreement.  was  shortlisted  for  the  SDG  9
                  and as a step towards universal   JARDP: A Case Study     “Build resilient infrastructure,
                  implementation of the SDGs and                            promote    inclusive   and
                  achievement of PfPPPs. There are   The Jharkhand road projects   sustainable industrialization and
                  many different models of PPPs   developed  by  IL&FS  and  its   foster innovation”. The project
                  in the roads sector worldwide.   subsidiary IL&FS Transportation   was evaluated in detail in terms
                  The challenge for governments   Networks Limited and GoJ is   of poverty alleviation, increased
                  developing Road PPPs is to ensure   a classic example where the   access to essential service and
                  consistency between a country’s   project endeavors to gratify the   promote equity, mitigating the
                  road project strategy and    contractual relationship between   effects of climate change and
                  program and the achievement of
                  the SDGs and PfPPPs. Ensuring
                  value  for  money (VfM)  should
                  be at the core of the public
                  sector’s decision to engage in a
                  Road PPP, however improving
                  people’s lives is also equally
                  important. A Road PPP would
                  therefore be considered a VfM
                  transaction if it generates a net
                  economic benefit for the public
                  in terms of quantity, quality of
                  the service or facility, cost and
                  risk transfer over the project life,
                  and achievement of the various
                  transportation related SDGS
                  relative to a traditionally procured
                  public alternative. Hence, the
                  VfM assessment of a PPP should
                  be based on traditional notions
                  of VfM in PPPs, but also outcome
                  based performance that brings
                  the greatest benefit to the people
                  the project aims serve. As a




              www.trafficinfratech-com-500653.hostingersite.com                                                             April - May ’18 / TrafficInfraTech  37
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