Project Appraisal and Alternative Sources of Funding

Abstract

Abstract Infrastructure as part of public finance has seen a transformation, with larger private participation. The role of the public sector has become complex from the governance perspective, which has to ensure complete project appraisals and stakeholder engagement. This chapter puts into perspective the importance of appraisals to the viability of infrastructure projects. It presents a few important cases in the Indian context, both successful and failed. These highlight the importance of appraisals, risk evaluation, and risk management. The chapter culminates with the introduction of blended finance model, which is designed to ensure sustainability and achieve positive impacts.