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Index

AAA, 66AAA, 170, 178AAI, 209, 219, 326–334, 336, 338, 340–348,

349, 350, 352, 353, 355, 359–361Aam Aadmi Party, 196ABN AMRO, 302, 330, 340Abstract, 356–358Accessible, 213Accountability, 3, 6, 37, 77, 109, 110, 194,

199, 205, 206, 209, 210, 211, 214–216,246

ACS, 72, 90Adani, 236, 261, 269, 271, 274Adjudication, 185, 200, 257Adrian White, 135AERA, 6, 202, 207, 208, 209, 228, 327, 333,

346, 347, 351, 361Aeronautical, 208, 259, 331–333, 336, 337,

339, 340, 342, 343, 347, 349, 350, 352,360

AES Corporation, 143, 284Affermage, 124Affordability, 36, 44, 104, 111, 162Afforestation, 237Afghanistan, 22, 45Africa, 16, 18, 20–21, 24, 38, 86, 93, 95, 96,

104, 108, 111, 134, 141, 160, 220, 325,327

Agarwal, Manish, 314Agency, 3, 54, 67, 84, 99, 103, 109, 115,

126–128, 147, 152, 169, 187, 188, 194,199, 204, 205, 209, 213–215, 266, 279,291, 292, 304

Agglomeration, 152Agra, 313Agreement, 6, 53, 54, 67, 70, 83, 84, 86, 88,

91, 92, 101, 119, 122, 124, 126, 145,147, 152, 154, 163, 164, 173, 174, 179,

182, 184–186, 199, 202–205, 230–232,242, 264, 272, 273, 275, 276, 285, 286,292, 298, 302, 306, 307, 331–334,344–349

Aguas Argentinas, 110, 262, 265, 266, 284Aguascalientes-Leon, 168, 169Ahmedabad, 37, 94, 151–153, 155, 261, 268Ahmed, Rafiq, 233, 274, 283Aid, 37, 40Airplan, 339, 341Airport, 1, 5, 6, 12, 16, 21, 32, 36–39, 54, 55,

75, 76, 87, 89, 100, 101, 110, 114, 116,118, 130, 147, 154, 155, 159, 174,176–178, 202, 207, 219–222, 224, 226,227, 232, 262, 268, 276, 284–286, 289,326, 327, 329–355

Airside, 339Airtel, 142, 143Alexander, IanAldo SesiaAllahabad High CourtAlliancing, 130, 131Amarchand & Mangaldas & Suresh Shroff &

Co (AMSS), 334, 340, 361American Society of Civil Engineers (ASCE),

21American UniversityAMI, 319Amritsar, 176Anand Vihar, 155Andhra Pradesh, 164, 226, 248, 268, 275, 294,

299, 308, 309, 311, 312Andres, LuisAnglo-American, 204Ankapalli-Tuni, 294Annualized, 165Annuity, 3, 57, 89, 110, 111, 122, 126, 127,

150, 151, 154, 156, 182, 225, 241, 249,290–298, 300, 301

© Springer Nature Singapore Pte Ltd. 2017K.V. Pratap and R. Chakrabarti, Public-Private Partnerships in Infrastructure,India Studies in Business and Economics, DOI 10.1007/978-981-10-3355-1

371

APCO Infratech, 127Appellate Tribunal for Electricity (APTEL),

209, 232, 273–275, 325Argentina, 26, 27, 110, 262, 281, 282, 284Argentine, 110, 262ARR, 317, 318, 324Arriaga-Huixtla Toll Road, 168Arthur Andersen, 300Arutmin, 271ASA, 338–344, 361ASCON, 147ASEAN, 68Asia, 20–22, 48, 141, 236, 262, 282Asian Development Bank (ADB), 69, 118,

246, 269Asian Financial Crisis, 27, 29, 47, 55, 283Asset, 3–5, 13, 15, 43, 50, 53, 57, 63, 65, 67,

69, 84, 88, 89, 93, 98, 99, 105, 112–117,119, 121–126, 128, 156, 166, 169, 174,185, 187, 188, 196, 201, 202, 221, 226,228, 254, 267, 290, 292, 314, 351

Asset-Liability Mismatch (ALM), 5, 50, 63,65, 67, 69, 166, 228

ATC, 355Athens, 329ATMS, 328Audit, 96, 98, 100, 106, 134, 187, 214, 254,

258, 276, 290, 294, 299, 327, 345, 346,353, 355, 361

Auditor, 106, 135, 203, 214, 275, 276, 290,294, 295, 298, 299, 327, 345, 352

Aurangabad, 313Australia, 37, 81, 97, 104, 106, 108, 109, 111,

145, 157, 163, 165, 177, 189, 197, 212,236, 237, 250, 295, 329, 330, 361

Authority, 5, 46, 49, 54, 57, 65–67, 69, 70, 76,83, 86, 87, 89, 95, 96, 103, 118, 126,128, 131, 133, 134, 147, 149, 150, 155,157, 159, 160, 172–174, 176, 177, 179,180, 182–188, 194, 202–204, 206–209,211, 220, 227, 228, 230, 232, 239, 240,252, 255, 258, 259, 276, 280, 285, 286,291, 294, 296, 299, 302, 304, 310, 311,321, 326–329, 333, 346, 350, 361

Average, 11, 17, 19, 21, 27, 30, 32, 33, 37, 39,50, 60, 62, 69, 72, 80, 81, 86, 96, 98,104, 106–108, 120, 148, 149, 157, 158,164–166, 197, 221, 226, 240, 241, 250,265, 267, 276, 280, 283, 290, 292, 295,298, 300, 303, 307, 311, 317–319, 321,323, 325, 340

Averaging, 167

Averch-Johnson effect, 196Aviation, 155, 206, 209, 211, 268, 328, 330,

332, 336, 346, 349, 355, 359, 361Ayala, 55

BBaban, Serwan M.J., 55Bagamoyo, 131Bain, 37, 108, 295Bain, Robert, 295Baku-Tbilisi-Ceyhan, 53Balaji Power Corp, 310Bangalore, 348Bangladesh, 22Bankability, 82, 118Bankable, 82Bank credit, 49, 50, 70Bank guarantee, 101, 183, 259, 278, 279, 335Bank of America, 302Bank of Baroda, 69BANOBRAS, 169Bansal Pathways Habibganj Private Limited,

154Baroda CCGT, 309Baspa HEP, 310Bawal, 147, 149BBB, 66Bechtel, 55, 284, 302, 305, 307Behror, 147–149Beijing-Shanghai HSR, 153Belgaum Power, 309Benchmark, 40, 106, 111, 112, 130, 205, 221,

253, 272, 338, 349Benchmarking, 87, 130, 197, 205, 320, 330Bengaluru, 114, 155, 209BGT, 132, 134, 136Bharat Heavy Electricals Limited (BHEL), 64Bharat Petroleum Corporation Limited

(BPCL), 306Bharat Sanchar Nigam Limited (BSNL), 28,

36, 193Bharti, 142, 143, 338Bharti Airtel, 142, 143Bharti InstituteBhiwandi, 115, 125, 313Bhopal, 248Bhubaneswar, 248Bhutan, 13, 22Bid, 64, 68, 69, 71, 87, 89, 90, 102, 112, 115,

126, 127, 128, 133, 135, 136, 167, 169,170, 174–177, 179–184, 189, 198, 199,203, 228, 232, 233, 248, 249, 253, 254,

372 Index

257, 263, 264, 269, 272, 274, 277, 278,281, 285, 286, 296, 304, 311, 312, 330,332–335, 338, 342–344, 346, 348, 355,361

Bidder, 6, 87, 102, 108, 172, 173, 175–179,182, 183, 189, 264, 269, 333, 335,337–339, 340, 341, 343, 344, 346, 348

Bidding, 6, 26, 57, 63, 70, 71, 86, 87–89, 100,102, 103, 105, 110, 116, 122, 127, 133,156, 157, 167, 170, 173, 174–178, 180,181–184, 186, 189, 204, 219, 228, 229,230, 233, 249, 262, 263, 265, 266, 271,272–275, 277–279, 285, 288, 291, 296,297, 301, 316, 327–330, 333, 342,344–346, 348

Bilaspur, 147, 149Biller, Dan, 21, 22Billing, 115, 119, 125, 132, 134, 137, 287, 319,

320, 326Biwater, 132–136Biwater Gauff (Tanzania) Ltd, 132, 133BLA, 58BNP Paribas, 238Bogota, 329Bombay High Court, 305Bond, 46, 62, 68, 69–71, 136, 188, 333–335BOO, 55, 128, 181, 301BOOM, 269BOOT, 55, 126, 181Boston, 20Bowman, 109Braun, 164Brazil, 18, 22, 26, 38, 68, 88, 103, 127, 141,

144, 219, 220, 237, 281, 288Brazilian, 76, 129Breakeven, 348Brics, 17, 18, 38, 68, 164, 220Brijwasan, 155Britain, 135British, 10, 28, 132, 305, 329Broadband, 10Brownfield, 103, 114–117, 124, 128, 159, 170,

259, 351BSES, 189, 305, 313, 315BSES Rajdhani Power Limited (BRPL), 189,

313, 315–320, 322, 323BT, 129BTC pipeline, 54Budget, 3, 35–37, 42, 44, 62, 65, 68, 94, 96,

101, 104–106, 108, 120, 122, 126, 128,154, 165, 194, 200, 209, 213, 221, 251,311, 316, 324

Budgetary, 3, 42, 43, 48, 49, 54, 60, 63, 68, 71,77, 199, 228, 230, 255, 290, 291, 296,297

Budgeting, 163Buenos Aires, 110Build-Operate-Transfer, 55, 67, 78, 86, 98,

126, 147, 150, 164, 219, 290, 329Bullet train, 37, 94, 151, 153Bumi Resources Tbk, 271Bundling, 130, 163Bureau of Civil Aviation Security, 349BYPL, 189, 313, 315, 317, 318, 320, 322, 323

CCA, 54, 101, 102, 147, 148, 189Cabinet Committee on Infrastructure, 227, 236Cadereyta-Reynosa Toll Road, 168CAGR, 318, 328, 353Caisse de depot et placement du Quebec

(CDPQ), 67Calcutta High Court, 243Calderon, Cesar, 15, 16Cambodia, 160CambridgeCaminos y puentesfederales de Ingresos y

serviciosconexos, 169Canada, 67, 157, 163, 325Cancel, 257, 276, 280Cancellation, 6, 134, 136, 167, 250Cancelled, 110, 136, 158, 168, 285Canon, 268Cantonment, 313, 314Capitalization, 58Capped, 48, 86, 273, 274, 331CAPUFE, 169Carbon Disclosure Project, 238Carbon Principles, 238Carlos Salinas, 166Carmichael Coal and Rail Project, 236Carriage, 210, 213Carrying Cost, 319, 326Cartelization, 176Carved out Assets, 349Causality, 17Caymen Islands, 272CBI, 233CCGT, 304, 309CCPP, 309, 310Cecilia Briceno-GarmendiaCentral Bureau of Investigation, 275Central Electricity Authority, 22, 304, 310, 311CERC, 6, 207, 208, 210, 227, 232, 271–275CESCO, 284

Index 373

CGPL, 269, 271–275Chakrabarty, K.C., 64Chamapa-Lecheria Toll Road, 168Champoton-Campeche Toll Road, 168Chandigarh, 155Chandra, Naresh, 329, 330Changi airport, 155Chattrasal coal block, 234, 235Chennai, 146, 152, 291Chhattisgarh, 299Chile, 88, 89, 129, 329China, 17–19, 22, 25, 32, 38, 68, 69, 142, 143,

153, 154, 219, 220, 312Chinese, 84, 154Chong, Alberto, 16Chris Shugart, 112Citibank, 69, 238Clemencia Torres de Mastle, 91Climate Principles, 238Coal India Limited (CIL), 54, 92Coal Supply Agreement (CSA), 272Coastal Gujarat Power Limited, 54, 56, 114,

232, 262, 269, 273, 285Colin Duffield, 97, 107Colombia, 26, 89, 281, 329Combined Cycle Gas Turbine, 304Commercial Operation Date (COD), 151, 187,

232, 275Commonwealth, 101, 212, 237, 327Compensatory tariff, 273, 274, 275Competition, 6, 24, 26, 28, 32, 64, 87, 100,

105, 110, 120, 156, 173, 174, 177, 193,197, 207, 208, 210, 213, 214, 229, 233,244, 245, 277, 300, 330, 348

Comptroller and Auditor General (CAG), 106,203, 214, 275, 290, 294, 295, 298, 327,345

Concession, 6, 25, 26, 37, 44, 54, 55, 57, 63,70, 71, 76, 77, 79, 83, 84, 86–92, 98,101, 102, 105, 110, 115, 117–120, 122,126–129, 147–151, 153, 157, 163, 164,166–169, 171, 173, 175, 182, 184–188,195, 196, 198–200, 202–206, 219, 223,226, 229–232, 239, 242, 247, 248, 252,253, 257, 258, 261–263, 265–269, 276,277–281, 286, 292, 296–298, 323, 329,345, 347–351, 354

Concessionaire, 37, 44, 70, 79, 83, 88, 89, 102,105, 117, 119, 120, 127, 147–151, 156,163, 166–168, 172, 182, 183, 185, 186,188, 248, 252, 268, 278, 280, 281, 286,291, 292, 295–298, 301, 329, 346, 353

Concessioned, 283, 286Concessioning, 286

Conciliation, 185, 186, 200Congress, 211, 330Construcciones y Auxiliar de Ferrocarriles

(CAF), 101Controllable, 324Cordoba-Veracruz Toll Road, 168Corrections Corporation of America, 165Correlation, 2, 53Cos, 342, 343, 345, 361Cost-recovering level of tariffs, 85, 86, 197,

321Covenants, 53CPI, 86CPI (UNME), 86CPPIB, 67CPSUs, 47Crédit Agricole, 238Credit enhancement, 69, 70Credit rating, 48, 56, 57, 66Credit risk, 45, 46, 119, 120, 237Credit Suisse, 52Creditworthiness, 45, 46, 90CRISIL, 308, 312Cross-subsidies, 195CRR, 65Cuernavaca-Acapulco toll road, 167CWS, 131–135

DDabhol, 6, 81, 87, 110, 173, 264, 268, 275,

284, 286, 287, 389, 301–309, 311, 312Dahej Terminal, 306DAME, 100–103DAMEPL, 100–103Dar-es-Salaam, 158, 172, 198, 210, 287Dar-es-Salaam Water and Sewerage, 158, 172,

198, 210Darrin Grimsey, 104, 109, 112, 289Daulatpur, 147DAWASA, 131–136DAWASCO, 136, 137, 287DEA, 227, 253, 257–260Debt service coverage, 52, 63Deepak Parekh, 273Delhi-Dasna, 127Delhi Electricity Supply Undertaking (DESU),

316Delhi High Court, 231, 344Delhi Jal Board, 355Delhi-Jaipur Highway, 147, 238, 239Delhi-Mumbai, 39, 146, 152Delhi-Noida Toll Bridge, 44, 72, 82, 84, 86,

87, 94, 100, 103, 114, 199, 262, 263,265, 2680, 276, 280, 290

374 Index

Delhi Vidyut Board (DVB), 34, 221, 314, 316,326

Demand forecast, 95, 156Demand gap, 28, 76, 311Democratic accountability, 110, 209, 211, 214Democractic Republic of Congo, 19Demographic, 119, 163, 250, 256, 260Depreciation, 81, 103, 104, 153, 200, 263, 282,

323, 357DERC, 231, 317–319, 322–325Deregulation, 28Design-Build, 5, 78, 98, 128–130, 147, 163Design-Build-Finance-Operate-Transfer

(DBFOT), 78, 98, 116, 124, 128, 131,163, 179, 185

Devaluation, 26, 27, 282Developer, 59, 150, 151, 154, 155, 226, 229,

253, 254, 258, 281DGCA, 209Dhanlaxmi Bank, 65Dharmavaram, 294, 297Dharuhera, 147, 149DIAL, 37, 38, 54, 219, 262, 263, 276, 326,

327, 329, 344, 346, 347–357, 360, 361Diamond quadrilateral, 152Dieng geothermal project, 233, 274Dilani, Alan, 367Discom, 120, 144, 145, 231, 232, 314,

316–325Divestiture, 115, 123Divestment, 151, 255DLF, 338DMRC, 14, 100–102, 130Dongria Kondhs, 234DOT, 193DPC, 302–305, 307, 311DPP, 284, 287Dubai, 147Durg bypass, 299

EEast Asia and Pacific (EAP), 20, 21, 141Eberhard, Anton, 198, 201, 206, 216EBIT, 52ECB, 49, 71Economic and Political Weekly, 305Economic Survey, 17, 288Economic Times, 101, 296Economist, 18, 21, 80, 165, 219, 237, 304Edward Elgar Publishing LimitedEGOM, 236, 330, 341, 342, 344, 345, 348, 361Ehrhardt, David, 169Elastic, 53Elasticity, 16

El fondonacional de Infrastuctura, 170ElsevierEmerging Market Investors and Operators

(EMIO), 144Emirates Trading Agency LLC, 147Empresas ICA, 167Endogeneity, 301Engel, Eduardo, 95, 99, 105, 109Engineering, Procurement and Construction

(EPC), 54, 86, 92, 147, 228, 296England, 25, 165Enhanced Monitoring Period (EMP), 133, 159Enron, 284, 302–305, 307Environmental clearance, 6, 84, 103, 148, 219,

234, 236, 237, 271Equator Principles, 237Ernst & Young, 67, 227Escrow account, 54, 92, 312, 334, 347, 353Esty, Benjamin C, 54, 58, 66, 237, 238Essar, 225, 235, 236, 269, 309, 312Essel, 338–341, 343, 344Ethics, 194Eurobond, 167EWURA, 134Excludability, 14, 30, 33Excludable, 14, 30Expropriate, 192Expropriation, 26, 44, 46, 83–85, 102, 136,

281, 304Externality, 13, 31

FFarquharson, Edward, 45, 46, 50, 65, 77, 86,

90, 91FDI, 45, 45, 51, 155, 302, 335FICCI, 67Fideicomiso de Apoyo al Rescate de

Autopistas Concesionadas (FARAC),168–170

FII, 45, 68, 69Financial closure, 96, 107, 139, 140, 158, 172,

186, 226, 275, 282, 285, 291, 292, 301,321, 355

Fiscal Responsibility and Budget Management(FRBM) Act, 39, 42, 62, 68, 221

Fischer, Ronald, 95Fitzgerald, Peter, 106, 111, 112, 295, 111Florence, 154Fluor, 95Flyover, 37, 148, 149Force Majeure, 85, 186, 229, 272, 273Foreign exchange risk, 71, 132, 143, 200, 224,

225, 312Forest clearance, 108, 127, 147–149, 235, 236

Index 375

Forest Rights Act (FRA), 234, 236Forest Transition Curve, 237France, 37, 108, 133, 151, 153, 154, 201, 295,

305, 338Franchise, 89, 90, 115, 124, 125, 313Franchisee, 313Frankfurt, 326, 338, 343, 344French, 9, 76, 112Full Credit or `̀ Wrap'' Guarantees, 46

GGabon, 201GAIL, 305–307Gandhinagar, 155Gangavaram Port, 226Galetovic, Alexander, 95Gassner, Katharina, 98, 320, 323Gaz de France, 305GCV, 272GE, 302, 305, 307Gearing, 55Générale des Eaux, 133GEO Group, 165Geothermal project, 233, 274Germany, 21, 38, 154, 158, 326, 338Gestation period, 10–12, 81, 226, 228GETE, 342–345, 361GIPCL, 309Global Competitiveness Report (GCR), 17, 18,

220Global Depository Receipt (GDR), xxvGlobal Financial Crisis, 32, 46, 48, 58, 65, 144,

170, 225GMD, 167GMR, 57, 87, 159, 177, 219, 225, 276, 285,

310, 326–329, 340, 341, 343–348,350–354, 361

GMR-Fraport, 338, 339, 341, 343–345, 361GMR Vasavi Power Corpn. Ltd, 310Godavari CCGT, 309Godbole Committee, 308GOI, 68, 333Golden Quadrilateral Project, 146, 291Goldman Sachs, 169Gomez-Ibanez, Jose.A , 26, 281Government of Japan, 94Government of Tanzania, 131, 134Gram Sabha, 234, 239, 241Grant, 71, 88, 126, 127, 148, 182, 183, 213,

228, 246, 249, 290, 296, 297GRC, 340, 341, 361Greece, 329Green bonds, 70

Greenfield, 11, 114–117, 124, 155, 166, 170,229, 244, 259, 286, 287, 301, 308, 309,337, 348

Greenpeace, 235, 236Greve, CarstenGrid based, 34, 73, 160, 161, 234Gridlines, 234, 247Grindle, Merilee.S., 80, 81Gross Calorific Value, 272Gross Domestic Capital Formation (GDCF), 16Gross Domestic Product (GDP), 15-19, 21–23,

32, 39, 42, 59, 60, 62, 70, 164, 166, 234,311, 328

Gross Non-Performing Assets (GNPA), 64, 65Group of Ministers, 235, 236, 330, 361Grupomexicano de Desarollo, 167Grupotribasa, 167GTA, 330, 334, 361Guadalajara, 168, 169Guasch Jose Luis, 18, 98, 102, 110, 196, 199,

263–268, 273, 277, 283Gujarat, 54, 56, 114, 226, 232, 262, 269, 273,

285, 309, 312Gulbarga, 162Gurgaon, 37, 44, 147–150, 298, 299GVK, 177, 225, 268, 275, 276, 285, 308,

310–312GVK Jegurupadu, 268, 275, 308, 311, 312GW, 70

HHabibganj Railway Station, 154, 155Haemodialysis, 165Haircut, 281Haiti, 38Haldea, Gajendra, 70, 326Handover, 34, 186–188Harbin-Wuhan train, 154Harris, Clive, 110, 282, 283, 288Harvard Business School, 9Harvard University, 9Haryana, 54, 147, 148, 232, 273Hazira CCGT, 309HDFC, 70Health, 10, 13, 16, 18, 33, 92, 95, 133, 140,

158, 162, 164, 169, 179, 180, 195, 200,220, 245, 255, 286, 314

Hedge, 65Heraclitus, 278Heshmati, Almas, 55Highways, 21, 38, 42, 60, 70, 95, 99, 146, 147,

151, 155, 156, 167, 168, 180, 220, 223,

376 Index

229, 230, 241, 253, 258, 286, 291, 294,296, 299, 326

Himachal Pradesh, 310Hindalco, 233, 235, 236Hiranandani, 338Hodge, GraemeHonduras, 34Hong Kong, 143, 312, 329Hospital, 164HOT lanes, 95HP Gauff Ingenieure gmbh and Co, 132HPEC, 246, 248HSBC, 238HSR, 151–154Hybrid Annuity Model (HAM), 127, 150, 151Hybrids, 202, 206Hydel, 67Hyderabad, 67, 114, 155, 178, 209, 248, 327,

348Hydro, 23, 310, 325Hydroelectric, 26, 281

IICICI, 4, 68, 69ICRA, 308, 312ICRIERIDA, 133IDBI, 64, 302, 307IDFC, 67, 69IDP, 339, 340IFC, 45, 69, 237IMF, 16Independent Engineer, 122, 185, 188, 203, 352Index, 86, 185, 197, 199, 200Indexation, 43, 54, 71, 85, 132, 199, 200, 268India Infra Debt Limited, 69India Infrastructure Finance Company Limited

(IIFCL), 45, 67, 226, 228Indiana Toll Road, 49Indian Railway Finance Corporation (IRFC),

68Indian Railway Station Development

Corporation (IRSDC), 154Indira Gandhi International Airport (IGIA),

276, 327, 345–348, 351Indocoal, 272Indonesia, 27, 69, 145, 232, 233, 271, 272,

274, 282, 327Indore, 162, 248Infradebt, 69Infrastructure Debt Funds (IDF), 65, 69, 83Infrastructure gap, 2, 21, 22, 34, 92, 129, 146,

156Integrator, 131

Intelligence Bureau, 236, 352Inter-American Development Bank, 55Interest Coverage Ratio (ICR), 51, 52Inter-Ministerial Group (IMG), 330, 332, 334,

340–342, 361International Centre for Settlement of

Investment Disputes (ICSID), 132, 134,136

International Court of Arbitration, 305Intertoll, 87IOC, 64, 306IPAT, 253, 257IPOIPRC, 257IRDA, 66Ireland, 130, 157IRR, 152, 283Italy, 154Itreois, 338

JJacobson, Charles D., 25Jaiprakash, 67, 225, 310Jaipur, 37, 147–150, 155, 164, 238, 239, 241,

299Jalgaon, 313Japan, 19, 94, 104, 151–154, 158, 269, 289Javier EncinasJawaharlal Nehru National Urban Renewal

Mission (JNNURM), 248, 249Jaypee Group, 310JBS, 242Jeffrey Delmon, 90, 115, 117, 120, 123Jharkhand, 72, 284, 310JICA, 152Jinan-Qingdao line, 153Jindal, 242, 309Johns Hopkins University Press, 196Jojobera, 310JP Morgan Chase, 238JSW Bengal Steel, 242Jugaad, 219, 262, 263JV, 329, 333, 334, 336, 340, 342, 343, 344,

352, 353JVC, 331–334, 336, 340, 347, 353

KKalyanpur, 150Kohli, Kanchi, 235Kapur, Muneesh, 16Karaha Bodas geothermal project, 233, 274Karnataka, 162, 226, 294, 299, 309Karuppur CCPP, 310Kausala, 149

Index 377

Kelkar Committee, 229, 230, 233, 250, 280Kelkar, Vijay, 229, 230, 233, 250, 280Kennedy School of Government, 314Kenya, 202Keynesian, 32Kibaha, 131Kishangarh, 268, 299Klein, 26KMC, 147Kochi, 248Kolkata, 39, 146, 152, 291Kondapalli, 309, 311Korea, 95, 104, 151, 269Kotputli, 147, 148KPC, 271KPMG, 162Krishi Jomi Bachao, 243Krishnapatnam, 226, 269, 271Kurdistan

LL&T IDPL, 67LAA, 240, 241LAC, 21, 140 , 265, 277Lagos, 168, 169Lanco Kondapalli Power Project, 311Land acquisition, 6, 32, 103, 108, 127,

147–149, 219+, 221, 230, 238–243,285, 286

Larsen and Toubro, 225, 269Latin America, 21, 26, 29, 47, 48, 98, 140, 141,

160, 196, 199, 265, 267, 281, 283Latin America and Caribbean, 140, 196, 265,

267, 283LC, 330, 334, 349, 361LCCs, 155LD, 331Leighton, 108, 3295Leon-Lagos-Aguascalientes, 168Levelised, 269Levy, 42, 101, 126, 213, 263, 268, 276, 285,

327, 345, 350, 351Liabin B coal-fired plant, 84LIBOR, 49Libramiento de Tampico Toll Road, 169LIC, 66, 69Liemberger, RolandLignite, 309Liquefied Natural Gas (LNG), 302–307, 312Livability, 244LLC, 147London, 21, 110, 136, 246Longyang Road station, 154LPVR, 89, 90, 157

LSE, 105, 300Ludhiana, 248Lyon, 153, 154

MMacae power project, 103Macquarie-ADP, 338, 339, 341, 343, 344Madhya Pradesh, 72, 154, 285Madrid-Barcelona line, 153Madrid-Seville, 153Maglev, 154Magnetic levitation, 154Mahan, 234–236Mahanadi Coalfields Limited, 233Mahanagar Telephone Nigam Limited

(MTNL), 28, 36, 193Mahan Sangharsh Samiti (MSS), 235, 236Mahapura, 299Maharashtra, 6, 54, 65, 125, 226, 232, 264,

273, 292, 299, 301, 302, 304–309, 311Maharashtra Border-Belgaum road, 292Malana, 310Malaysia, 344Maldives, 20, 22Maldonado, 282Mali, 45Manesar, 147, 149Manila, 55, 79, 87, 157, 162, 204Manoharpur, 147Maoism, 241Maravatio-Zapotlanejo Toll Road, 169Maryland, 261Masala bonds, 70Massachusetts, 25Mauritius, 344Mazatlan-Culiacan Toll Road, 168, 169MBL Infrastructure, 127MCA, 71, 88, 185, 219, 229–231, 252, 259McKinsey, 18, 19, 21–23, 49, 93, 145, 159,

160, 239, 247McKinsey Global Institute, 19, 22, 23, 49, 93,

145, 159, 160MCP, 352Melbourne, 108, 295MERC, 304MES, 313–315Metropolitan, 204, 246Mexican, 5, 27, 57, 88, 110, 166–170, 285, 286Mexico, 26, 27, 57, 88, 94, 135, 139, 144, 151,

154, 166–170, 262, 281, 282, 285, 286,288, 338, 340–343

Millennium Development Goals, 16Ministry of Law and Justice, 342, 353Mitsubishi, 55, 94

378 Index

MLA, 58MMSCMD, 306MMT, 328MMTPA, 272, 306MoA, 242MoCA, 330, 332, 334, 341, 342, 344, 346,

348–350, 352–354, 361Modi, Narendra, 18MoEF, 149, 236MoF, 255Mohali, 155Mohan, Rakesh, 16Mongolia, 45Monterrey-Nuevo Laredo Toll Road, 169Moral hazard, 334Moreno-Zapotlanejo Toll Road, 169Morgan Stanley, 238Morocco, 15MOSPIMoU, 243MoUD, 247MRI, 164MSEB, 302–305, 307, 311MSEDCL, 306, 308MSW, 247, 248Mukherjee, Pranab, 235Mumbai, 37, 39, 87, 89, 94, 114, 146,

151–153, 155, 177, 178, 209, 236, 285,291, 328–330, 332, 344, 361

Mumbai-Ahmedabad High Speed Rail, 151Munde Committee, 302, 307Munich, 338–341, 343, 344MYTO, 324

NNagpur, 206, 248, 249, 313Nandigama – Vijayawada, 299Nano, 243Naphtha, 306, 307Natarajan, Jayanthi, 236National Audit Office (UK), 96, 98, 106National Highway Authority of India (NHAI),

49, 57, 67, 68, 70, 95, 147–151, 187,203, 239, 286, 292, 293

Natural Gas, 10, 192, 224, 302, 306, 308, 309,312, 321

NDA, 236, 330, 361NDMC, 313, 314, 317, 318, 326NDPL, 189, 315, 317–320, 322, 323NDTL, 65NEC, 270NECC, 270NEIH, 270Nellore, 292, 294, 297, 299

Nellore-Tada, 292, 299Nepal, 22, 38Netherlands, 87, 154New Jersey, 25, 167New Okhla Industrial Development Authority

(NOIDA)New South Wales, 146New Zealand, 165Neyveli, 309Nhava Sheva International Container Terminal

(NSICT), 198NHDP, 42, 146, 147, 291, 293, 294, 296,

298–301NIIF, 230Niti Aayog, 227Niyamgiri, 234Non-aeronautical, 331–333, 336, 342, 343,

346, 347, 350, 352, 353, 360Non-Escalable, 270–272, 274Non-Governmental Oranization, 79, 235, 237Non-OECD, 336, 343Non-Revenue Water (NRW), 38, 79, 119, 124,

157–160, 249North American Free Trade Agreement

(NAFTA), 166, 286Norway, 37, 108, 295NPA, 64, 65, 69NPC, 106NRHM, 164, 165NTBCL, xxviNTDPC, 16, 99NTPC, 13, 233, 242, 284, 304, 307, 322NUWA, 133

OObras Sanitarias del Estado (OSE), 282Odisha, 165Ofwat, 204Ohio, 25OMDA, 331–334, 338, 346–353, 361OPIC, 302, 305, 306Orissa, 88, 234, 284, 313, 314, 320Osaka, 153, 154OSE, 282Oxford University Press, xvii

PPaguthan, 309, 312Pakistan, 22, 45Palsit-Dankuni, 294Panagarh-Palsit, 294, 295, 297Pandey, Ajay, 333Paota, 147

Index 379

Parliament, 133, 156, 194, 199, 208, 210, 214,242, 255, 290, 297, 305, 306, 346

Partial Credit Guarantee, 46, 255Patuha, 233, 274PCEL, 147, 149Pennsylvania, 25, 49Perloff, 12Peso, 27, 110, 167, 169, 286Petronet, 306PFC, 269, 271PFM, 78Philippines, 55, 79, 157, 204Phnom Penh, 160Pillaiperumalnallur CCGT, 309PIMAC, 95Pink City Expressway, 147Plant Load Factor (PLF), 303, 308POG, 132, 134, 135Political Risk Guarantee, 46Popov, AlexanderPower Grid Corporation of India Limited

(PGCIL), 45PPA, 54, 182, 186, 271–274, 303, 304,

306–308, 311PPI, 29, 47, 115, 127, 138, 140–143, 146, 158,

168, 222–225, 231, 267, 280, 282, 285,286, 320, 321

PPIAF, 320PPPAC, 227Pragpura, 150Pramod AgrawalPrayas Energy Group, 303Pratap, Kumar.V., 79, 85, 103, 110, 113, 139,

261, 280, 282, 283, 288, 289, 290PRG, 199, 205Price Waterhouse Coopers (PwC), 290Private Finance Initiative (PFI), 104, 106, 109,

110, 127, 163, 164, 289Private Participation in Infrastrcuture, 2, 28, 29,

39, 47, 48, 61, 63, 82, 102, 115, 127,139–144, 146, 158, 194, 219, 221–225,230, 231, 261, 275, 280, 282, 284, 320

Project Affected Persons (PAP), 240PSF, 353, 354PSL, 65PSNI, 104PSP, 67, 86, 123, 124, 126, 320, 323PSU, 43, 225, 233, 254, 331Public exchequer, 4, 174, 175, 182Public Sector Comparator (PSC), 104, 106,

111, 289, 291Puente El Zacatal, 169

Punjab, 54, 164, 232, 273PUPs, 148

QQCBS, 188

RRajahmundry, 294, 297Rajasthan, 54, 72, 127, 232, 273, 299Rajesh Chakrabarti xviiRajiv Gandhi International Airport, 226, 327RAM, 80, 81Ramesh, Jairam, 235, 236Ramky Enviro Engineers Ltd (REEL), 248Rate of return guarantee, 84, 86, 94, 103, 262Ratnagiri Gas and Power Private Limited

(RGPPL), 110, 284, 287RBI, 64, 68, 259REC, 68Regassified Liquefied Natural Gas (RLNG),

306Rehabilitate-Operate-Transfer (ROT), 116,

124, 128Reliance ADA, 142, 143, 225Prud’homme, Rémy, 31Re-privatization, 166, 169, 170Request for Proposal (RfP), 6, 173, 175, 178,

181, 229, 271, 331, 332, 334Request for Qualification (RfQ), 6, 63, 163,

173, 175, 179, 229, 271Revenue guarantee, 86RFCTLARR, 240–242RIL, 64RoFR, 348Roger, 26Roman, 10Rome, 154RPI, 197RTA, 209RTI, 254Russia, 18, 29, 38, 47, 220Ruster, Jeff, 27, 166, 167Ruta, 89Rutas del Pacifico, 89Ruvu, 131, 132

SSacyr, 90Sadbhav Infrastructure, 127Salboni, 242Samalpatti, 310Samayanallur, 310

380 Index

San Martin-Tlaxcala, 168Sanjay Van, 149Santander, 169Santiago, 89, 90, 329Sasan, 233, 235, 269Sanyo Shinkansen, 153Satara-Kagal, 298, 299Sawai Mansingh Hospital, 164Saxena, Gopal.K., 315, 320SBI, 64, 68, 69SCT, 167, 169SEB, 316–319, 321, 325SEBI, 73SERC, 6, 207, 208, 210, 227SGRF, 67SGSA, 332SHA, 331Shahpura, 147Shamshabad, 327Shanghai, 153, 154Shanghai Transrapid, 154Shinkansen, 151, 153Shivaji Nagar, 155Shivpuri-Dewas project, 285Singapore, 39, 155, 177, 221, 327Singh, Manmohan, 235Singur, 243SIPE, 132, 135SLR, 40, 65Smart City Mission, 36, 42, 49, 73, 244, 246Social Impact Assessment, 240, 242SoE, 124South Asia Region (SAR), 20, 21Sovereign guarantee, 67, 68Sovereignty at BaySpain, 153, 154, 201Spencer Street Station, 108, 295SPG, 352SPV, 52, 54–56, 58, 90–92, 114, 117, 147,

154, 245–247, 287, 340Sreedharan, E., 342Sri Lanka, 20, 22, 212Standard Bidding Documents (SBDs), 71StanfordSterlite, 269, 338–341, 343, 344Strategic buyouts, 329Subcontract, 87, 353Sub-Saharan Africa (SSA), 20, 21, 24, 86, 93,

96, 141Sud-Est, 153Suez, 142, 143

Super Doll Trailer Manufacture Co.(T) Limited (STM), 132, 134

Supreme Court, 234, 236, 243, 274, 275, 344,353

Surat, 155, 309Swiss Challenge, 254, 258SWM, 248Syedain Abbasi

TTaiwan, 153Talabira Coal Block, 233Tamil Nadu, 72, 145, 294, 309, 310TAMP, 6, 207–210, 227, 259Tanir Bavi Power, 309Tanzania, 113, 131–134, 136, 287TAPI, 45Tata, 54, 71, 100, 189, 219, 225, 232, 243, 261,

263, 268–274, 280, 284, 285, 305, 313,317, 318

Tata Mundra, 73, 100, 232, 261–263, 268–270,280, 285

Tata Power, 54, 189, 219, 269, 271–274, 284,305, 313, 317, 318

Tata Power Delhi Distribution Limited, 317,318

Taubman Center for State and LocalGovernment

TAV, 338–341, 343, 344DeJongh, Taylor, 53, 91TDSAT, 208, 209TermoCeara, 103Tenenbaum, BernardTexas, 166TGV, 153Thailand, 19Thakur, Vaidyanath Aiyar & Co, 330Thomas, John.W., 81Throughput, 328THSRC, 153Tilaiya, 238, 269, 284TINA, 108Tinaja-Cosoleacaque, 168, 169Tindivanam, 294Tokaido, 153Tokyo, 153, 154Toluca - Atlacomulco Toll Road, 169Tony Ballance, 134Torangallu, 309Torrent, 125, 309Torreon-Saltillo Toll Road, 169

Index 381

Total Project Cost (TPC), 100, 151–153, 298,355

TPDDL, 317, 326TPP, 309TPS, 309Tractebel, 309Taffic forecast, 286TRAI, 6, 207–210, 214, 227Transco, 308, 311, 312Tremolet, Shukla, and Venton, 206Tribunal, 136, 186, 208, 209, 215, 232, 236,

253, 257, 273, 275, 325Truing-up exercise, 324Tumkur – Neelmangala, 292, 299Turbine, 304Turkey, 154, 327, 338Turkmenistan, 45Turnpike, 24, 25, 167TVA, 330, 361Twelfth Plan, 104, 221, 222

UUCO Bank, 64Udaipur, 176, 261, 268UETCL, 199UFW, 158Uganda, 199, 205Ujwal Discom Assurance Yojana (UDAY),

144UK, 28, 37, 38, 81, 90, 96, 104, 106, 108–111,

127, 136, 145, 163, 164, 189, 197, 202,204, 211, 235, 236, 250, 289, 292, 295,30

UK-Tanzania Bilateral Investment Treaty, 136ULB, 245–249UMPP, 63, 64, 71, 100, 172, 176, 232, 233,

235, 238, 268, 269, 271, 272, 275, 284UNCITRAL, 136Underbidding, 263Union, 19, 156, 183, 209, 226, 235, 284, 294,

299UPA, 330, 361Urbanization, 21, 241, 244Uruguay, 157, 282USA, 18, 21, 95, 145, 196, 211, 284, 325USD, 41, 136, 272, 306User fees, 3, 37, 43, 44, 54, 62, 71, 72, 76, 77,

89, 90, 99, 109, 119, 122, 125, 146, 149,163, 185, 193, 194, 248, 249, 324

UTI, 69Uttar Pradesh, 72, 276Uttarakhand, 165, 310

VValparaiso, 89, 90Value for Money (VfM), 5, 6, 81–83, 87,

103–105, 109, 111, 112, 162, 173, 174,182, 230, 250, 276, 288–295, 297–301,315

VDOT, 95Vedanta, 234Veerappa Moily, 236Venezuela, 26, 281Veolia, 143, 249Vernon, Raymond, 26, 281Viability Gap Funding (VGF), 13, 71, 88, 126,

127, 175, 181–183, 226, 228, 254, 291,296, 297, 299, 297

Victoria, 106, 146Vietnam, 19Viña del Mar, 89, 90Virginia, 95Vishnu Prayag HEP, 310Vishwaraj, 249Vivekananda bridge, 299Vivien Foster, 16, 24, 34–37, 59, 161, 250,

251, 256, 26VUP, 149

WWashington, 16, 21, 22, 24, 35Welspun Enterprises, 127West Bengal, 242, 243, 294, 299World Economic Forum (WEF), 17, 18, 41,

220Wrap Guarantee, 46Wuhan, 154

YYakka skink, 237Yamuna, 313

ZZambia, 202Zapotlanejo, 169ZCB, 255

382 Index