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Govt to revisit PPP infra model
Govt to revisit PPP infra model. Government on Tuesday constituted a 10-member panel under former finance secretary Vijay Kelkar to revisit and revitalise public private partnership (PPP) mode of infrastructure development.
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Forms a 10-member panel headed by Vijay Kelkar
The panel will deliberate upon design modifications to contractual arrangements of PPP, international best practices as well as institutional context
New Delhi : Government on Tuesday constituted a 10-member panel under former finance secretary Vijay Kelkar to revisit and revitalise public private partnership (PPP) mode of infrastructure development. The Committee is expected to submit its report within a period of three months.
Finance Minister Arun Jaitley in his budget speech for 2015-16 had made an announcement regarding the same. Jaitley had said that PPP infrastructure development model has to be revisited and revitalised, in which the major issue involved is re-balancing of risk. In pursuance of the announcement, a Committee comprising of 10 members including its chairman Kelkar, who is presently the Chairman of Institute of Public Finance & Policy, has been constituted, a Finance Ministry release said.
Among the members of the committee are C S Rajan, Chief Secretary, Rajasthan Government; S B Nayar, CMD, IIFCL; Shekhar Shah, Director General, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; P S Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata. Also it contains a representative, not below the rank of joint secretary, from the Road Ministry as its member, while Sharmila Chavaly, Joint Secretary, Department of Economic Affairs, Finance Ministry is the Member Secretary.
The terms of reference of the Committee include measures to improve capacity building in government for effective implementation of PPP projects, review of experience of PPP policy, analysis of risks involved in such projects in different sectors and existing framework of sharing of such risks between project developer and government. Among others, it will deliberate upon design modifications to contractual arrangements of PPP, international best practices as well as institutional context.
