Vijay Kelkar panel report on PPP to be submitted to FM Arun Jaitley by month-end

NEW DELHI: Vijay Kelkar-headed panel on revitalisation of public-private-partnership ( PPP) model of infrastructure development is likely to submit its report to Finance Minister Arun Jaitley in the next 15 days.

"The committee would submit its report by the end of this month," said Kelkar, a former finance secretary, after meeting the Finance Minister.

The panel has held wide consultations with stakeholders on the issue of reviving PPP model, Kelkar said.

Jaitley in his budget speech for 2015-16 had said that PPP infrastructure development model has to be revisited and revitalised, in which the major issue involved is re-balancing of risk.

Following the announcement, a committee of 10 members under the chairmanship of Kelkar, who is the Chairman of Institute of Public Finance & Policy at present, was set up.

Other members of the committee include C S Rajan, Chief Secretary(Rajasthan Government), S B Nayar, CMD(IIFCL), Shekhar Shah, Director General(NCAER), Pradeep Kumar, MD( CBG, SBI), Vikram Limaye, MD(IDFC), P S Behuria(former IRS) and Sudipto Sarkar, Barrister-at-law, (Kolkata).

The terms of reference of the committee included 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 existing framework of sharing of such risks between project developer and government.

Among others, it was also entrusted with the task of deliberating upon design modifications to contractual arrangements of PPP, international best practices as well as institutional context.