Govt to be held liable for delays in PPP projects

Haryana has mopped up investment commitments of Rs 1.25 lakh crore in the realty and infra sectors

As the success of the public-private partnership (PPP) models rests on the commitment from both the government and private partners, a new framework to reinvigorate PPP projects is underway.

Addressing delegates, Piyush Goyal, Union minister of power, coal and new & renewable energy, said delays in clearances and land acquisition process should be penalised. “For a joint venture partnership, both the partners should be equally accountable for any delays and cost escalation.” 

A robust framework at the planning level is required to expeditiously execute PPP projects. The time wasted in re-negotiation can also be saved if consultations and engagements with stakeholders at all levels are taken.

Haryana has mopped up investment commitments of Rs 1.25 lakh crore in realty and infra sectors.

The government is planning to put 5,000 renewable power generation plants fuelled by solid waste and the target is to cover every town having a population above 30,000. Any electricity generated out of waste would feed the national grid. 

For fast implementation of infrastructure projects, it is imperative to screen the projects before the bidding process. The government is mulling to bring out policy amendments and those having less than 80 per cent of land in possession would not be eligible for bidding, he announced. This would help filter the applications at the first stage and save time and energy in swift execution. 

Corporate executives present at the summit said private players should be allowed in the water and power distribution in Gurgaon. Kavita Jain, Haryana’s minister for town and country planning, was also present on the occasion.