Govt forms 10-member panel to revisit PPP infra model

Government constituted a 10-member panel under former finance secretary Vijay Kelkar to revisit and revitalise public private partnership (PPP) mode of infrastructure development. Finance Minister Arun Jaitley in his budget speech for 2015-16 had made an announcement regarding the same.

Jaitley had said that PPP infrastructure development model has to be revisited and revitalised, in which the major issue involved is re-balancing of risk. In pursuance of the announcement, a Committee comprising of 10 members including its chairman Kelkar, who is presently the Chairman of Institute of Public Finance & Policy, has been constituted, a Finance Ministry release said.

Among the members of the committee are C S Rajan, Chief Secretary, Rajasthan Government; S B Nayar, CMD, IIFCL; Shekhar Shah, Director General, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; P S Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata.

Also it contains a representative, not below the rank of joint secretary, from the Road Ministry as its member, while Sharmila Chavaly, Joint Secretary, Department of Economic Affairs, Finance Ministry is the Member Secretary.