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    <title>Report of the Committee on Revisiting &amp; Revitalising the PPP Model of Infrastructure Development Chaired by Dr. V.Kelkar Released</title>
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    <description>The Committee directs a sector and project specific risk allocation framework allocating risks to the party best able to manage them, deployment of sophisticated modelling, and mandatory ex ante renegotiation clauses. It urges creation of a national PPP institute (3PI) for capacity building, independent unified sector regulators, and amendment of the Prevention of Corruption Act to protect bona fide decision making. For stressed projects it proposes a statutory two tier mechanism-an IPRC to evaluate &quot;Actionable Stress&quot; and an IPAT for time bound adjudication-together with benchmarks for permissible renegotiation and measures to monetise viable assets and mobilise long term finance.</description>
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    <pubDate>Mon, 28 Dec 2015 16:41:54 +0530</pubDate>
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