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The government-appointed committee to review and revitalise the public private partnership (PPP) model of infrastructure funding will submit its report to Finance Minister Arun Jaitley by the month-end.
“The committee would submit its report by the end of this month,” said Vijay Kelkar, who heads the committee, after a meeting with the Finance Minister of Friday.
Wide consultationsWhile declining to comment on the recommendations made by the panel, Kelkar said that wide consultations have been made with various stakeholders on measures to review the PPP model of financing core sector projects.
The committee was set up in May this year following an announcement by the Finance Minister in the Union Budget 2015-16 for a need to revisit the PPP model of infrastructure development and was expected to submit its report within three months.
Terms of referenceIts terms of reference include a review of the PPP policy, analysis of the risks involved and the existing framework of risk-sharing between the project developer and the government.
The 10-member committee includes CS Rajan, Chief Secretary, Rajasthan; SB Nayar, Chairman and Managing Director, India Infrastructure Finance Company Ltd; Shekhar Shah, Director General, NCAER; Pradeep Kumar, Managing Director, CBG State Bank of India, and Vikram Limaye, Managing Director IDFC.
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