EVIDENCE OF LOCAL GOVERNMENTS' ADOPTION OF INNOVATIVE INFRASTRUCTURE FINANCE TOOLS: A CASE STUDY OF RANJI PRIMARY SCHOOL
Keywords:
Innovative infrastructure finance, Local governments, Ranji Primary School, Sustained collaboration, CommunityAbstract
The purpose of this paper was to investigate the evidence of local governments’ adoption of innovative infrastructure finance tools in the context of Ranji Primary School. To this end, we conducted a case study of Ranji Primary School in New Delhi, India, and examined the motivations, objectives, and benefits associated with the implementation of innovative finance tools. Data collected through a combination of key-informant interviews and document reviews revealed that Ranji Primary School had successfully implemented projects to address the lack of adequate infrastructure. Interviews with stakeholders revealed the importance of local knowledge and experience in developing the innovative finance tools, as well as the need for sustained collaboration between the school’s administration and local and state governments. Additionally, interviews raised significant challenges associated with the implementation of new infrastructure finance tools, as well as potential benefits. Ultimately, our findings suggest that the Ranji Primary School case study illustrates how innovative finance can not only enable school administrators to address infrastructure needs and meet the rapid growth of the school, but can also have a positive impact on the community by promoting access, affordability, and enhanced learning outcomes.
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