The Committee on Revisiting and Revitalizing the PPP model of Infrastructure Development submitted its report to the Finance Ministry (Government of India) on November 19, 2015.
The report coverage includes:
- reviewing the experience of PPP policy, including the variations in contracts and the difficulties experienced,
- analysing the risks involved in PPP projects in different sectors and the framework of risk sharing between the project developer and the government,
- proposing design modifications to the contractual arrangements of PPPs based on the above; and
- proposing measures to improve capacity building in government for effective implementation of PPP project. This report revisits the evolution of PPPs in India and suggests recommendations for future patnerships. Further suggesting feasibility, likelihood of a framework or policy on PPP.
Public Private Partnerships (PPPs) in infrastructure refer to the provision of a public asset and service by a private partner who has been conceded the right (the “Concession”) for the purpose, for a specified period of time, on the basis of market-determined revenue streams, that allow for commercial return on investment.
Publication Date: 11.2015