The government of India has created a committee to review the public private partnership (PPP) model of infrastructure development.

In the Union Budget 2015-16, Finance Minister announced that the PPP mode has to be revisited and revitalized.  In pursuance of this announcement, a committee was constituted with the following members:

• Dr. Vijay Kelkar, Chairman, National Institute of Public Finance & Policy, New Delhi - Chairman
• Shri C.S. Rajan, Chief Secretary, Government of Rajasthan - Member
• Shri S.B. Nayar, CMD, IIFCL, New Delhi - Member
• Dr. Shekar 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 Secretary, Department of Economic Affairs, Ministry of Finance, New Delhi - Member Secretary

The committee will have to:

• 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 framework 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.

The committee had extensive consultations with various stake holders across the PPP spectrum, invited suggestions and views of experts, reviewed projects and sectors and researched best practices in India and abroad while firming up its recommendations.