Article provides a brief overview of the difficulties that India has had in keeping private investors involved in their P3s. A top finance ministry official claims that it the private sector reluctance is partially based in their fear of taking a financial hit. It is his belief that when a project is faltering for economic or commercial reasons there is no obligation for the government to step in and bail them out. This has made the private sector more wary especially since Indian banks have been skeptical of providing funds for these ventures. On the other hand, the private sector argues that it has been slow to get involved in highway P3s because of slow statutory clearances rather than financial issues.
