Kelkar committee on PPP in India

Members

• Sharmila Chavaly - Joint Secretary at the department of Economics was the committee secretary.
• C. S. Rajan - Chief Secretary, Rajasthan,
• S. B. Nayar - Chairman and Managing director of Indian Infrastructure Finance Co. Ltd.
• Shekhar Shah - Director General of National Council of Applied Economic Research.
• P. Pradeep Kumar - Managing Director of corporate banking group of State Bank of India.
• Vikram Limaye - Managing director of Infrastructure Development Finance Company.
• Sudipto Sarkar - Lawyer.
• P. S. Behuria - retired Indian Revenue Service officer.
• Union transport ministry representative.

  Recommendations

• Establishment of 3P India.
• Case based risk allocation formula for various project participants.
• Establishment of independent regulating agencies.
• An amendment in the Prevention of corruption act to differentiate between errors of judgement and willful corrupt practices.
• Use the PPP model for airport, port and railway projects.
• Banks and other financial institutions be allowed to issue zero-coupon bonds.
• The number of banks in a consortium be restricted.
• Banks develop improved capabilities for risk assessment and appraisal.
• Specific guidelines for encashment of bank guarantees.
• To provide for monetisation of completed projects.
• Create a procedure to resume stuck projects.
• PPP should only be used for large projects.
• Creation of an inbuilt mechanism for renegotiation.
• Model concession agreements in various sectors be reviewed.
• The public sector undertakings be dissuaded from participating in PPP
• Road toll be collected electronically
• Constitution of an Infrastructure PPP Project Review Committee comprising an expert in finance and economics, law, and at least one related technocrat with not less than 15 years experience.
• Constution of an Infrastructure PPP Adjudication Tribunal headed by a former Supreme Court/ High Court Judge with at a minimum of one technical and financial expert each as members.