Required: Institutional capacity

July 10, 2014: Finance Minister Arun Jaitley’s first Union Budget speech in Parliament. He reads out Para 110 in Section V on Infrastructure: “India has emerged as the largest PPP market in the world with over 900 projects in various stages of development. PPPs have delivered some of the iconic infrastructure like airports, ports and highways which are seen as models for development globally. But we have also seen the weaknesses of the PPP framework, the rigidities in contractual arrangements, the need to develop more nuanced and sophisticated models of contracting and develop.....

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