Infrastructure Projects and Development
Infrastructure development in India has conventionally been the authority of the government with projects being undertaken and sponsored by either the Central or State governments, and funded through their respective financial budgets. Lately however, with the growing restrictions on financial resources available with the government (especially at the State level), there has been an increasing shift in focus on luring private sector participation in financing and development of infrastructure projects. Today the focus of the debate is no longer on the tussle between the private and public sectors, but rather on efficient ways of risk sharing, joint financing, and accomplishing balanced partnerships between private sector developers and public sector authorities: the Public-Private Partnership. Governments are increasingly examining feasibility of private participation in infrastructure services, aiming at improvement of services offered to the citizens. India is currently in the process of overhauling its infrastructure. For faster development, it is important for any country to have enough power and efficient transport systems. The Government of India has understood this and has classified infrastructure development as a high priority sector. Legaleye Associates' Projects & Infrastructure lawyers can advise from the initial joint venture agreement through the construction and financing of a project and have a detailed understanding of the contractual arrangements. Our experience includes private commercial projects and advising developers and financiers on all aspects of infrastructure, including wind power generation projects and ports. Lawyers in the Firm have acted on major infrastructure projects. We are abreast with the political, commercial and legal environment within India, we understand the underlying business issues and risks and work constructively with all parties to allocate risks appropriately. We aim to find commercially sound solutions to help you and your business partners to achieve your objectives, with the much desired partner attention.