PPP revival: Kelkar panel submits report to Arun Jaitley

Finance minister Arun Jaitley in his Budget speech for 2015-16 had made an announcement regarding re-visiting the existing PPP mode to execute such projects.

By: ENS Economic Bureau | New Delhi | Published: November 20, 2015 1:20 am

The committee, headed by former finance secretary Vijay Kelkar, to revitalise the public private partnership (PPP) mode for infrastructure development submitted its report to finance minister Arun Jaitley on Thursday.

The government will examine the report and soon take a decision on the recommendations, Economic Affairs Secretary Shaktikanta Das said.

“Over the last few years, PPP sector, PPP projects which were doing well for quite some time have run into various kinds of problems,” Das told reporters here.

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“Now all these issues…the committee was requested to look into all these aspects. The committee has held detailed deliberation with various stakeholders and other experts. We will go through the report and the government will take decisions on the recommendations as early as possible,” he added.

The 10-member panel, which was formed in May this year, was entrusted to suggest ways on improving capacity building within the government for effective implementation of PPP projects.

Finance minister Arun Jaitley in his Budget speech for 2015-16 had made an announcement regarding re-visiting the existing PPP mode to execute such projects.

The panel’s terms of reference also included reviewing the 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.

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