In Asia, including in India, risk management issues arise in public-private partnership (PPP) projects. If the risks associated with a PPP project are not regularly monitored and managed, it may delay the implementation of the project, increase the cost of the project, create a shortfall in performance and could also make the project unviable.

Ajoy Halder, Partner, HSA Advocates
Ajoy Halder
HSA Advocates

The project risks – design, construction, operation and maintenance, land, environmental, consents and approvals, time lines, change in law, financing, revenue, etc. – are usually identified in the PPP contracts, and are contractually shared between the parties. Typically, risks are allocated to the party best suited to absorb the implications and to mitigate them. Then there are risks which are inherent to the parties and other risks which are not contractually allocated.

To implement a PPP project successfully, the parties have to continuously monitor and manage project risks during the entire term of the project. The monitoring and management of project risk is most critical during the construction phase and the initial operation phase. One of the ways of doing this is through an independent project manager.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.



Ajoy Halder is a partner at HSA Advocates. HSA is a full-service firm with offices in New Delhi, Mumbai, Bengaluru and Kolkata.


81/1, Adchini

Sri Aurobindo Marg

New Delhi – 110 017

Contact details:

Tel: +91 11 6638 7000 Fax: +91 11 6638 7099

Tel: +91 22 4340 0400 Fax +91 22 4340 0444