Government constitutes panel under Vijay Kelkar to review public private partnership infrastructure development

NEW DELHI: The government has constituted a 10-member panel under former finance secretary Vijay Kelkar to review and revitalise public private partnership (PPP) mode of infrastructure development.

Finance minister Arun Jaitley in his budget speech for 2015-16 had made an announcement in this regard. Jaitley had said that PPP infrastructure development model hasto be revisited and revitalised, in which the major issue involved is re-balancing of risk.

In pursuance of the announcement, a committee comprising 10 members including its chairman Kelkar, who is presently the chairman of Institute of Public Finance & Policy, has been constituted, afinance ministry release said on Tuesday. Among the members of the committee are CS Rajan, chief secretary, Rajasthan government; SB Nayar, CMD, IIFCL; Shekhar Shah, director general, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; PS Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata. It will have a representative, not below the rank of joint secretary, from the road ministry as its member, while Sharmila Chavaly, joint secretary, department of economic affairs, finance ministry will be the member secretary. The terms The terms of reference of the committee include measures to improve capacity building in government for effective implementation of PPP projects, review of experience of PPP policy, analysis of risks involved in such projects in different sectors and more.