Committee on Revisiting to Submit Its Report Within a Period of Three Months from the Date of Its Constitution

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....ommittee on Revisiting to Submit Its Report Within a Period of Three Months from the Date of Its Constitution <br>News and Press Release<br>Dated:- 26-5-2015<br><BR>During his Budget Speech while presenting the General Budget 2015-16 in Parliament, the Union Finance Minister Shri Arun Jaitley had announced that the PPP mode of infrastructure development has to be revisited, and revitalized, in whi....

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....ch the major issue involved is rebalancing of risk. In pursuance of this announcement, a Committee comprising of the following members has been constituted: * Dr. Vijay Kelkar, former Finance Secretary and Chairman, National Institute of Public Finance & Policy(NIPFP), New Delhi Chairman Shri C.S. Rajan, Chief Secretary, Government of Rajasthan Member Shri S.B. Nayar, CMD, IIFCL, New Delhi....

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.... Member Dr. Shekhar Shah, Director General, NCAER Member Shri Pradeep Kumar, MD, CBG, State Bank of India Member Representative of Ministry of Road Transport & Highways - not below the rank of Joint Secretary Member Shri Vikram Limaye, MD, IDFC Member Shri Sudipto Sarkar, Barrister-at-law, Kolkata Member Ms. P.S. Behuria, IRS (Retd.) Member Ms. Sharmila Chavaly, Joint Secretar....

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....y, Department of Economic Affairs, Ministry of Finance, New Delhi Member Secretary The Terms of Reference of the Committee are as follows: * Review of the experience of PPP Policy, including the variations in contents of contracts and difficulties experienced with particular variations/conditions, if any, * Analysis of risks involved in PPP projects in different sectors and existing framewor....

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....k of sharing of such risks between the project developer and the Government, thereby suggesting optimal risk sharing mechanism, * Propose design modifications to the contractual arrangements of the PPP based on the above, and international best practices and our institutional context, and * Measure to improve capacity building in Government for effective implementation of the PPP projects. T....

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....he Committee may consult various stake holders in the private sector, government sector, legal experts, banking/financial institutions and academia while firming-up its recommendations. Infrastructure Development Finance Company (IDFC) shall provide secretarial assistance to the Committee The Committee shall submit its report within a period of three (3) months from the date of its Constitution....

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.....<BR> News - Press release - PIB....