Mayaram says 3P India may sort out PPP management issues

The proposed 3P India, a public private institution of the Union government, will look into issues relating to regulation, finance structure and management of contracts, finance secretary Arvind Mayaram said today.

Besides, it would also go into capacity building of both the government and private sector, he said at India PPP summit by Ficci.

He also said that a PPP framework has to be formulated in such a manner to allow flexibility due to change in circumstances spread over 20-25 years. Finance minister Arun Jaitely had announced the initiative in his Budget speech on July 10.

In his address, Union road, transport and shipping minister Nitin Gadkari said he would sort all issues related to stuck road projects by August 15.