Harris, CliveKumar, Sri Tadimalla2012-08-132012-08-132008-12https://hdl.handle.net/10986/10577India has seen rapid growth in recent years in its program of infrastructure public-private partnerships (PPPs). Despite the surge in demand for finance, local financial markets coped well over the period to 2007 and even offered better terms as they became more used to the PPP model. But areas of possible concern have developed. Gearing has increased significantly, and financing terms mean that PPPs are more exposed to interest rate volatility causes for concern in a period of rising rates and reduced liquidity. Further growth in PPPs will likely require a broadening of the sources of financing once the present financial market turmoil has lessened. Addressing these concerns will call for policy reforms to capital markets and concession frameworks.CC BY 3.0 IGOACCOUNTINGACTIVE BOND MARKETADVERSE EFFECTSASSET-LIABILITY MISMATCHBAILOUTBAILOUTSBANKRUPTCYBASIS POINTSBIDSBONDBOND MARKET REFORMSBOND MARKETSBOND SPREADSBONDSCALCULATIONSCAPITAL MARKETSCAPITAL STRUCTURECOMMERCIAL BANKSCONCESSIONCONCESSIONSCONSEQUENCES OF BANKRUPTCYCORPORATE BONDCORPORATE BOND MARKETCORPORATE BONDSCOST OF CAPITALDEBTDEBT FINANCINGDEBT-EQUITYDEBT-EQUITY RATIOSDIRECT EQUITY INVESTMENTSEQUITY CONTRIBUTIONSEQUITY INVESTMENTSEQUITY RATIOSEQUITY RETURNSFINANCE CORPORATIONFINANCIAL CRISISFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL INVESTORSFINANCIAL MARKETFINANCIAL STRUCTURESFINANCIAL SUPPORTFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTGOVERNMENT BAILOUTGOVERNMENT BORROWINGGOVERNMENT GRANTSINFRASTRUCTURE PROJECTSINSTITUTIONAL LENDERSINTEREST CHARGESINTEREST RATEINTEREST RATE RISKINTEREST RATE VOLATILITYINTEREST RATESINTERNATIONAL FINANCEINVESTOR PARTICIPATIONLEVERAGELIABILITYLIKELIHOOD OF BANKRUPTCYLIQUIDITYLOANLOCAL FINANCIAL MARKETSLONG-TERM FUNDSLONG-TERM INTERESTMARKET PARTICIPANTSMARKET VALUEMATURITYPRIVATE INFRASTRUCTUREPRIVATE INVESTMENTPRIVATE SECTOR INVESTMENTPUBLIC SECTOR BANKSPUBLIC-PRIVATE PARTNERSHIPPUBLIC-PRIVATE PARTNERSHIPSRAPID GROWTHRATE OF INTERESTRATES OF RETURNREGULATORSREGULATORY CONSTRAINTSREGULATORY REGIMERETURNRISK PREMIUMSALESAVINGSSAVINGS DEPOSITSSENIORSENIOR DEBTSENIOR LENDERSSHARE OF EQUITYSHAREHOLDERSSOURCE OF FUNDSSTRATEGIC INVESTORSTRATEGIC INVESTORSSUBORDINATED DEBTSUSTAINABLE DEVELOPMENTTAXTAX ADVANTAGESTAXPAYER BAILOUTSTECHNICAL ASSISTANCETERM DEPOSITSTERMINATIONTOTAL DEBTTRACK RECORDTRADINGTRADING PLATFORMSTREASURYUSE OF DEBTWorld Bank10.1596/10577