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Contents

 
Contents

 

Page No.

Executive Summary

1

I

Introduction

29

II

Utilisation of Existing Potential -  Case Studies

36

III

Public-Private Partnerships in Transport Sector

53

IV

Financial System Support for the Transport Sector

93

V

Concluding Remarks and Policy Suggestions

128

References

134

Annexures

135

 
 
Abbreviations

ADB

Asian Development Bank

BLT

Build,Lease and Transfer

BOO

Build,Own and Operate

BOOT

Build,Own,Operate and Transfer

BOR

Build, Operate and Renewal

BOT

Build,Operate,Transfer

BPK

Billion Passenger Kilometres

BRT

Build,Rent and Transfer

BT

Build and Transfer

BTK

Billion Tonne Kilometres

BTO

Build,Transfer and Operate

CES

Consulting Engineering Services Ltd.

CIRT

Central Institute of Road Transport

DBFO

Design,Build,Finance and Operate

DCMF

Design,Construct,Manage and Finance

EIRR

Economic Internal Rate of Return

EMU

Electrical Multiple Unit

EPF

Employees Provident Fund

FU

Fleet Utilisation

GOI

Government of India

GRF

Guarantee Redemption Fund

IDF

Infrastructure Development Fund

IDFC

Infrastructure Development Finance Company

IL & FS

 Infrastructure Leasing and Financial Services Ltd

IRC

Indian Roads Congress

JPSEF

Jamaica Private Sector Energy Fund

KMPL

Kilometre per Litre

KRC

Konkan Railway Corporation

LF

Load Factor

MCP

Marginal Cost of Provision

MDR

Major District Roads

MOST

Ministry of Surface Transport

MOT

Modernise,Own/Operate and Transfer

MPB

Marginal Private Benefit

MRTP

Monopolies and Restrictive Trade Practices Act

MSB

Marginal Social Benefit

MSRTC

Maharashtra State Road Transport Corporation

NBFCS

Non Banking Finance Companies

NCAER

National Council of Applied Economic Research

NH

National Highway

NHAI

National Highway Authority of India

NHB

National Housing Bank

PPF

Public Provident Fund

PSEDF

Pakistan Private Sector Energy Development Fund

PSUS

Public Sector Undertaking

RFFC

Railway Fare and Freight Committee

RITES

Rail India Technical and Economic Services

ROO

Rehabilitate,Own and Operate

ROT

Rehabilitate,Own and Transfer

S/B Ratio

Staff-Bus Ratio

SBI

State Bank of India

SH

State Highway

SRTCs

State Road Transport Undertakings

VU

Vehicle Utilisation

 

FINANCING TRANSPORT INFRASTRUCTURE AND SERVICES IN INDIA
S. Sriraman, Sunando Roy*

 
 

* Prof. S. Sriraman is Walchand Hirachand Professor of Transport Economics,
University of Mumbai. Dr. Sunando Roy is Assistance Adviser in the
Department of Economic Analysis and Policy of the Bank

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Page Last Updated on: September 12, 2023

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