- Semester: III/IV
- Number of Credits: 2
Preamble
It is well recognized that infrastructure in general and urban infrastructure in particular poses several challenges. The course is designed to acquaint the students with the current state of affairs in the Indian context. The existing gap in the demand and supply of infrastructure has to be addressed in various ways. The students will learn the standard financing methods as well as variants in the realm of PPP. Some novel emerging ideas and practices such as SDOs and Pooled fund approaches will also be treated.
Module I: Concept, Status and Delivery Mechanisms (12 lectures)
Concept of Infrastructure – physical /social and soft – Provision of infrastructure by local bodies – Para-Statals – Core /obligatory services – LPGs and extended version and actual status in urban India with specific reference to Maharashtra.
Module II: Financing Infrastructure (12 lectures)
Financing infrastructure: the capacity of local bodies – user prices. Alternative methods – Bonds, Banks, Structured Debt Obligations (SDOs), Pooled funding, Revolving Fund – Case studies in India and abroad – Tamil Nadu Urban Development Fund (TNUDF)
References
1. |
India Infrastructure Reports (Chapters related to Urban Infrastructure) |
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2. |
Bahl, R and J. Linn (1992) Urban Public Finance in Developing Countries, OUP (WB) |
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3. |
Singh, K and B. Tai (eds) (2000) Financing and Pricing of Urban Infrastructure, New Age International, |
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New Delhi |
Essential Reading
1. |
WPS of the VS Unit |
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2. |
Henderson, J.V. and J.F. Thisse (eds) (2006) Handbook of Urban and Regional Economics, Elsevier |
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Science |
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