Time and Cost Overrun Analysis in PPP Based Roads and Highway Projects in India
Shraddha Verma1, Bobby W. Lyall2
1Ms. Shraddha Verma*, Assistant Professor, Shri Ramswaroop Memorial Group of Professional Colleges, Lucknow.
2Prof. Bobby W. Lyall, Professor, Shri Ramswaroop Memorial Group of Professional Colleges, Lucknow.
Manuscript received on January 16, 2020. | Revised Manuscript received on January 27, 2020. | Manuscript published on February 10, 2020. | PP: 1761-1768 | Volume-9 Issue-4, February 2020. | Retrieval Number: D1690029420/2020©BEIESP | DOI: 10.35940/ijitee.D1690.029420
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The economic development of any country depends upon infrastructure of roads and highways but its construction, process and maintenance of roads and highways is not as simple as it seems like as growth of roads and highway projects involves massive capital and time. Nevertheless, the government does not have the resources required for the resolution. Public private partnership (PPP) is the resolution of this problem however, roads and highway projects comprises higher degree of risk for the private players which demoralizes private parties from capitalizing in highway projects. This paper discovers the prevailing literature on risks involved in roads and highway projects and sources of time and cost overrun in roads and highway projects for the purpose of analysis of major risks which effects in time and cost overrun in PPP built roads and highway projects. This paper also defines the impact of recognized risks over and done with questioner survey.
Keywords: Highways, Roads, Time & Cost Overrun, Risks, Construction process, PPP.
Scope of the Article: Construction Economics