Union Ministry of Finance constituted Committee on Revisiting & Revitalizing PPP Model

Union Ministry of Finance on 26 May 2015 constituted a Committee on Revisiting and Revitalizing the Public Private Partnership (PPP) Model of Infrastructure Development under the Chairmanship of Vijay Kelkar.

Vijay Kelkar is a former Finance Secretary and Chairman, National Institute of Public Finance and Policy (NIPFP), New Delhi.

The decision is in tune with the announcement made on 28 February 2015 by the Union Finance Minister Arun Jaitley while presenting the 2015-16 budget.

The Terms of Reference of the Committee
• Review of the experience of PPP Policy, including the variations in contents of contracts and difficulties experienced with particular variations or conditions, if any.
• Analysis of risks involved in PPP projects in different sectors and existing framework of sharing of such risks between the project developer and the Government, thereby suggesting optimal risk sharing mechanism.
• Propose design modifications to the contractual arrangements of the PPP based on the above and international best practices and our institutional context.
• Measure to improve capacity building in Government for effective implementation of the PPP projects.

Members of the Committee
C S Rajan, Chief Secretary, Government of Rajasthan
S B Nayar, CMD, IIFCL, New Delhi
Dr. Shekhar Shah, Director General, NCAER
Pradeep Kumar, MD, CBG, State Bank of India
Vikram Limaye, MD, IDFC
Sudipto Sarkar, Barrister-at-law, Kolkata
P S Behuria, IRS (Retd)
Representative of Ministry of Road Transport and Highways – not below the rank of Joint Secretary
Sharmila Chavaly, Joint Secretary in the Department of Economic Affairs will be the Member Secretary of the committee.

The committee is mandated to submit the report by 26 June 2015.

Infrastructure Development Finance Company (IDFC) will provide secretarial assistance to the Committee.

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