The Vijay Kelkar committee to revitalise the public private partnership model of infrastructure development has called for amending the Prevention of Corruption Act, 1988, which does not distinguish between genuine errors in decision-making and malafide intentions.
The report, which was submitted to the Finance Minister last month, was released to the public by the Government on Monday.
It has also called for rebuilding PPP capabilities in the country has called for a “3PI” which can, in addition to functioning as a centre of excellence in PPPs, enable research, review, roll out activities to build capacity, and support more nuanced and sophisticated models of contracting and dispute redressal mechanisms.
“A dynamic 3PI can support a dynamic process of infrastructure design, build, and operate in India and thereby help deliver on the promise of reliable infrastructure services for all citizens,” said the report.
It has also called for setting up of independent regulators in sectors that are going in for PPPs while endorsing the current review and amendment of the Arbitration Act.