Question 1 · 10 marks · 114 words written
Opening · a definition
Public Private partnership is a legal agreement between government and the private entity in development of infrastructure projects.
Body · points
Role of HAM model in PPP :
(1) Reduces financial burden of government in infrastructure development.
(2) Better mobilisation of resources and its optimum utilization.
(3) Improved efficiency and effectiveness in rolling out of projects.
(4) Enables the government to spend more on social capital like Health, education rather than infrastructure projects.
(5) Ensures proper sharing in the
4 R approach
(6) Ownership is under the government, hence limits the activities of private.
Close · a summary
Thus boosting infrastructure development through PPP - HAM model will have ripple effects & helps in achieving $ 1 trillion economy by 2025.