Role of Public Private Partnership in Infrastructure Financing: A Case of Bharatpur Metropolitan City

Abstract

A public–private partnership (PPP) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature. Public-private partnerships between a government agency and private-sector company can be used to finance, build and operate projects, such as public transportation networks, parks and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place. Bharatpur Municipality in the last 4 years have been promoted to Sub- Metropolitan and then to Metropolitan City. After being metropolitan city, Bharatpur needs to invest huge amount of budget in infrastructure and development programs. As the source of revenue is limited in the municipality, Public Private Partnership (PPP) can be a tool to mobilize the resources, skills and technologies available in private sector. It is necessary to attract private sector for development activities to be effective. This research will try to find out the ways to incorporate private sector along with the public party in financing the infrastructure of Bharatpur Metropolitan City. It will review and study about the gaps in the existing policies and implementation in PPP in the context of Nepal, especially in Bharatpur. The research will look upon the ideas among different stakeholders like government authorities, municipality, private companies, local people etc. and try to find out a way forward in this case. Similarly, it will also study about the changing financial mechanism of Bharatpur Metropolitan City and try to find out the solution of the problems they are facing in this case.