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Madhya Pradesh

Madhya Pradesh's New Intra-State Air Service

  • 17 Jun 2024
  • 2 min read

Why in News?

Recently, Madhya Pradesh Chief Minister launched intra-state air service named 'PM Shri Paryatan Vayu Seva' by flagging off the first flight under it from Bhopal to Jabalpur. 

Key Points

Public-Private Partnership (PPP) Model

  • PPP is an arrangement between government and private sector for the provision of public assets and/or public services. Public-private partnerships allow large-scale government projects, such as roads, bridges, or hospitals, to be completed with private funding.
  • In this type of partnership, investments are undertaken by the private sector entity, for a specified period of time.
  • These partnerships work well when private sector technology and innovation combine with public sector incentives to complete work on time and within budget.
  • As PPP involves full retention of responsibility by the government for providing the services, it doesn’t amount to privatization.
  • There is a well defined allocation of risk between the private sector and the public entity.
  • Private entity is chosen on the basis of open competitive bidding and receives performance linked payments.
  • The PPP route can be an alternative in developing countries where governments face various constraints on borrowing money for important projects.
  • It can also give required expertise in planning or executing large projects.
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