Press release by Ministry of Finance, Govt of India on 19-November, 2015
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
|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
|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.