A) It defines PPP in infrastructure as the provision of a public asset and service by a private partner for a specified period on the basis of market determined revenue streams.
B) It recommended amendment in the Prevention of Corruption Act, 1988 which does not distinguish between genuine errors in decision-making and acts of corruption.
C) An Infrastructure PPP Adjudication Tribunal (IPAT) chaired by a judicial member with a technical and financial member will have the power to pass interim orders in relation to the project or any of the contracts in relation to the project.
D) None of the above
Correct Answer: D
Solution :
[d] The Government of India has constituted a 10-member committee to review and revitalise PPP model of infrastructure development in May 2015 and submitted report in November 2015. The main recommendations are Encourage banks to issue Zero Coupon Bonds (ZCBs). Equity divestment by government from stable projects. Amend Prevention of Corruption Act to shield officials from errors originating from bonafide intentions. Review Model Concession Agreements (MCAs) to ensure equitable risk distribution. Discourage PSUs from PPP projects unless strategically necessary.
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