The paper aims to pinpoint and assess the perceived advantages and disadvantages of the Public-Private Partnership (PPP) for road development in India. Main PPP project contributors in Indian PPP road projects were polled via questionnaire. A literature review was used to select fifteen favourable characteristics and thirteen unfavourable factors for the questionnaire. Descriptive statistical analysis is used to analyze the data that was collected. The elimination of government financial restraints, project cost and time management, the reduction of government funds committed to capital investment, improved maintainability and accelerated project development are the key positive characteristics that draw PPP in Indian road projects. Excessive participation restrictions, protracted negotiating delays, ambiguity surrounding government objectives and evaluation standards, a lack of employment possibilities, and a lack of experience and the necessary skills make PPP undesirable. Both the public and private sectors can benefit from PPP in various ways. All sectors must make decisions based on proper assessment criteria during the project development stage. The decision-makers of PPP projects benefit early on from thoroughly understanding both positive and negative elements.

The objective of this paper was to have a study on the perceptions of stakeholders of Public-Private Partnership (PPP) projects for factors affecting the attractiveness of road projects in India. A questionnaire survey was conducted among major PPP project participants of Indian PPP road projects. Fifteen attractive factors were shortlisted through a literature survey for designing the questionnaire. Collected data was analyzed with factor analysis and descriptive statistical analysis. The findings resulted in three components: effectiveness of the private sector, effective time and cost management, and the public sector’s economic benefit. Eight factors were identified as highly affecting the attractiveness of PPP in Indian road projects. PPP provides ample diversity of net benefits to both the public and private sectors. During the project development stage, both sectors have to formulate decisions based on appropriate assessment criteria. Therefore, the reflection of attractive factors will assist the public-sector to select PPP in the road sector. It also helps to establish the strategy for road projects using PPP.

For the Government projects, Value for Money (VFM) is an important parameter based on which the projects are procured through Public-Private Partnership (PPP) by the public sector. The objective of this paper is to identify and evaluate perceptions of VFM factors affecting Indian road projects undertaken by PPP. Eighteen VFM factors were shortlisted through a literature survey and were validated with experienced professionals. A questionnaire survey was conducted to investigate the most important VFM factors and was grouped into three categories: financial implications, the expertise of the private sector, and contract efficiency using factor analysis. Important VFM factors were identified using the Importance Index Method. The perception was analyzed with various statistical tools. The findings from this study provide more information and understanding about VFM in an early stage, which will be helpful for decision making about PPP.