PUBLIC–PRIVATEPARTNERSHIPMONITORINDIA DECEMBER2022 PUBLIC–PRIVATEPARTNERSHIPMONITORINDIA DECEMBER2022 CreativeCommonsAttribution3.0IGOlicense(CCBY3.0IGO) ©2022AsianDevelopmentBank 6ADBAvenue,MandaluyongCity,1550MetroManila,PhilippinesTel+63286324444;Fax+63286362444 www.adb.org Somerightsreserved.Publishedin2022. ISBN978-92-9269-689-4(print);978-92-9269-690-0(electronic);978-92-9269-691-7(ebook) PublicationStockNo.SGP220341-2 DOI:http://dx.doi.org/10.22617/SGP220341-2 TheviewsexpressedinthispublicationarethoseoftheauthorsanddonotnecessarilyreflecttheviewsandpoliciesoftheAsianDevelopmentBank(ADB)oritsBoardofGovernorsorthegovernmentstheyrepresent. ADBdoesnotguaranteetheaccuracyofthedataincludedinthispublicationandacceptsnoresponsibilityforanyconsequenceoftheiruse.ThementionofspecificcompaniesorproductsofmanufacturersdoesnotimplythattheyareendorsedorrecommendedbyADBinpreferencetoothersofasimilarnaturethatarenotmentioned. Bymakinganydesignationoforreferencetoaparticularterritoryorgeographicarea,orbyusingtheterm“country”inthisdocument,ADBdoesnotintendtomakeanyjudgmentsastothelegalorotherstatusofanyterritoryorarea. ThisworkisavailableundertheCreativeCommonsAttribution3.0IGOlicense(CCBY3.0IGO)https://creativecommons.org/licenses/by/3.0/igo/.Byusingthecontentofthispublication,youagreetobeboundbythetermsofthislicense.Forattribution,translations,adaptations,andpermissions,pleasereadtheprovisionsandtermsofuseathttps://www.adb.org/terms-use#openaccess. ThisCClicensedoesnotapplytonon-ADBcopyrightmaterialsinthispublication.Ifthematerialisattributedtoanothersource,pleasecontactthecopyrightownerorpublisherofthatsourceforpermissiontoreproduceit.ADBcannotbeheldliableforanyclaimsthatariseasaresultofyouruseofthematerial. Pleasecontactpubsmarketing@adb.orgifyouhavequestionsorcommentswithrespecttocontent,orifyouwishtoobtaincopyrightpermissionforyourintendedusethatdoesnotfallwithintheseterms,orforpermissiontousetheADBlogo. CorrigendatoADBpublicationsmaybefoundathttp://www.adb.org/publications/corrigenda.Notes: Inthispublication,“$”referstoUnitedStatesdollars. ADBrecognizes“Bangalore”asBengaluruand“Orissa”asOdisha. Onthecover:ClocktowerinGujarat,IndiaaspartoftheRajasthanUrbanInfrastructureDevelopmentProject;theliquidnaturalgasstoragefacilityinDahej,Gujarat,India’sfirstLNGimportandregasificationterminal; the50.4megawattsofturbinesdominatethelandscapearoundKhankeinMaharashtra,India;urbandrainagestationatLohiyaCollegeinChuru,Rajasthan;andalabtechniciantakingbloodsamplesforapatientinMedantaHospital’slabsamplecollectioninGurugram,India(photosbyRakeshSahai,IanTaylor,andAmitVerma). CoverpagepreparedbyClaudetteRodrigo. Contents TablesandFigures.......................................................................................v Foreword........................................................................................x Acknowledgmentsxii DefinitionofTermsxiii Abbreviationsxix GuidetoUnderstandingthePublic–PrivatePartnershipMonitorxxii Overviewxxii NationalPublic–PrivatePartnershipLandscapeIndicatorsxxiii Sector-SpecificPublic–PrivatePartnershipLandscapeIndicatorsxxiv LocalGovernmentPublic–PrivatePartnershipLandscapexxv CriticalMacroeconomicandInfrastructureSectorIndicatorsxxvi TimePeriodsxxvi CurrencyEquivalentsxxvii I.Overview............................................................................................1 II.NationalPublic–PrivatePartnershipLandscape10 III.Sector-SpecificPublic–PrivatePartnershipLandscape59 A.Roads59 B.Railways72 C.Ports84 D.Airports95 E.Energy105 F.WaterandWastewater120 G.InformationandCommunicationTechnology135 H.SocialInfrastructure146 I.OtherInfrastructure—MunicipalSolidWaste156 ivContents IV.LocalGovernmentPublic–PrivatePartnershipLandscape166 Appendixes178 1CriticalMacroeconomicandInfrastructureSectorIndicatorsforIndia178 2WorldBank’sEaseofDoingBusinessParametersforIndia182 3AssessmentofPublicFinancialManagementSysteminIndia,2010185 References186 TablesandFigures Tables 1MajorSponsorsActiveintheInfrastructureSector.................................................6 2RegulationsonPublic–PrivatePartnershipsatStateLevel...........................................13 3EligibleSectorsandSubsectorsforPublic–PrivatePartnership16 4UpdatedHarmonizedMasterListofInfrastructureSubsectors18 5DescriptionandRolesofEntitiesPromotingPublic–PrivatePartnerships20 6GuidelinesforFormulation,Appraisal,andApprovalofPublic–PrivatePartnershipProjects22 7ModelConcessionAgreementFrameworksinIndia30 8DescriptionofPublic–PrivatePartnershipTools31 9CompensationClausesfromModelConcessionAgreementinHighwaySector34 10GovernmentSupportFacilitiesforPublic–PrivatePartnershipProjects43 11KeyInfrastructureFinancingSourcesinIndia55 12ActiveLenderstoPublic–PrivatePartnershipProjectsinIndiain24months precedingDecember202056 13ActiveProjectSponsorsinIndiain24MonthsprecedingMarch202057 14KeyRegulationsfortheRoadSectorinIndia60 15PhasesandProgressofProjectsundertheNationalHighwaysDevelopmentProject62 16ProjectsandEstimatedCapitalExp