The Report of the Committee on Revisiting & Revitalizing the PPP model of Infrastructure Development chaired by Dr. V. Kelkar has been issued by Ministry of Finance.
Key Highlights of Report:
- PPPs in infrastructure represent a valuable instrument to speed up infrastructure development in India.
- Contracts under PPP should focus more on service delivery instead of fiscal benefits.
- An assessment procedure should be laid down for efficiently managing the risks by the entity.
- Government must amend the Prevention of Corruption Act, 1988 in order to appropriately distinguish between genuine errors in decision-making and acts of corruption.
- An institution should be set up for providing guidance for a national PPP policy and develop a mechanism for collecting data for decision making in further developing the PPP.
- The 3P-I institute for PPPs should be set up as soon as possible.
An institutionalized mechanism like the National Facilitation Committee (NFC) should be established to ensure speedy resolution of issues.
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