Report of the
Kelkar Committee on Revisiting & Revitalizing the PPP Model of
Infrastructure Development Submitted to the Finance Minister
Report of the
Kelkar Committee on Revisiting & Revitalizing the PPP model of
Infrastructure Development submitted to the Finance Minister today in New Delhi
.
In the Union
Budget 2015-16, Finance Minister announced that the PPP mode of infrastructure
development has to be revisited, and revitalized. In
pursuance of this announcement, a Committee was constituted with the following
members:
1
|
Dr.
Vijay Kelkar, Chairman, National Institute of Public Finance & Policy, New
Delhi
|
Chairman
|
2
|
Shri
C.S. Rajan, Chief Secretary, Government of Rajasthan
|
Member
|
3
|
Shri
S.B. Nayar, CMD, IIFCL, New Delhi
|
Member
|
4
|
Dr.
Shekar Shah, Director General, NCAER
|
Member
|
5
|
Shri
Pradeep Kumar, MD, CBG, State Bank of India
|
Member
|
6
|
Representative
of Ministry of Road Transport & Highways – not below the rank of Joint
Secretary
|
Member
|
7
|
Shri
Vikram Limaye, MD, IDFC
|
Member
|
8
|
Shri
Sudipto Sarkar, Barrister-at-law, Kolkata
|
Member
|
|
|
|
9
|
Ms.
P.S. Behuria, IRS (Retd.)
|
Member
|
10
|
Ms.
Sharmila Chavaly, Joint Secretary, Department of Economic Affairs, Ministry of
Finance, New Delhi
|
Member-
Secretary
|
The Terms of Reference of the Committee are as follows:
(i) Review of the experience
of PPP Policy, including the variations in contents of contracts and
difficulties experienced with particular variations/conditions, if
any,
(ii) 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,
(iii) Propose design
modifications to the contractual arrangements of the PPP based on the above, and
international best practices and our institutional context, and
(iv) Measure to improve
capacity building in Government for effective implementation of the PPP
projects.
The
Committee had extensive consultations with various stake holders across the PPP
spectrum, invited suggestions and views of experts, reviewed projects and
sectors and researched best practices in India and abroad while firming up its
recommendations.
The
Committee presented its Report to the Finance Minister on 19th
November 2015. The Government will examine the Report and take appropriate
action.
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