To read the full version of this content please select one of the options below:

GMR KUAEL: The Longest Road PPP

Professor G. Raghuram (Research Associate, Indian Institute of Management, Ahmedabad)
Prashanth D. Udayakumar (Research Associate, Indian Institute of Management, Ahmedabad)

Indian Institute of Management Ahmedabad

ISSN: 2633-3260

Publication date: 18 November 2016

Abstract

GMR Infrastructure Limited (GMRIL) had to make a decision on its continued role in the 555.48 km Kishangarh Udaipur Ahmedabad (KUA) Expressway Project, India's then longest road public-private partnership (PPP) project. GMR had terminated the contract citing NHAI's failure in fulfilling Conditions Precedent (CP) of providing (i) environment clearance (EC), (ii) revised toll free notification and (iii) 80% of required land. The case intends to educate the reader on the concessionaire-authority dynamics in typical Indian infrastructure PPPs. Taking into account its internal strategy, the extant unfavourable investment climate, the Central Government's steps to revive private interest in the highways sector and NHAI's quick turnaround in fulfilling CP, GMR had to decide how to respond.

Keywords

Citation

Raghuram, G. and Udayakumar, P.D. (2016), "GMR KUAEL: The Longest Road PPP", Indian Institute of Management Ahmedabad. https://doi.org/10.1108/CASE.IIMA.2020.000050

Publisher

:

Indian Institute of Management Ahmedabad

Copyright © 2016 by the Indian Institute of Management, Ahmedabad