Kelkar Committee Submits Report On PPP Model

19 November, New Delhi

Kelkar Committee today submitted its report to the government on revisiting and revitalizing the PPP model of infrastructure development.The committee headed by Dr Vijay Kelkar, Chairman, National Institute of Public Finance submitted the report to the Finance Minister Arun Jaitley.

The committee reviewed the entire PPP policy, including the variations in contents of contracts and difficulties experienced with particular variations and conditions and has proposed design modifications to the contractual arrangements of the PPP based on the international best practices, an official statement said.

It also analysed 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.

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 government will examine the report and take appropriate action, the statement said