J&K Govt Constitutes Steering Committee For Implementation Of Public-private Partnership Framework

J&K Govt constitutes Steering Committee for implementation of Public private partnership framework

 

JAMMU, Dec 10:  Moving forward on the initiative of Public-Private Partnership (PPP), the State Government has constituted a Steering Committee to oversee selection, formulation and time-bound implementation of projects under PPP mode.As per the orders issued by the Finance Department, the Steering Committee would be headed by the Chief Secretary with Administrative Secretaries of the Finance, Planning & Development, Revenue, Law and the concerned implementing Department as its members.

 

The Government has also ordered creation of a PPP cell in the Finance Department to coordinate the implementation of infrastructure projects to be undertaken under PPP mode.The PPP cell shall assist, apprise and guide the line departments, adopt and develop model documents for different sectors and coordinate the efforts of the line departments for effective implementation of PPP mode.

 

As per the orders, the PPP projects will be undertaken only after seeking approval of the state cabinet and the projects selected for implementation shall require concurrence of the Finance and Planning & Development Departments before bidding.Nine sectors in which the Government has sanctioned implementation of projects under the PPP Mode included Roads, Tourism, Housing, Urban Development, Sports, Technical Education, Health, Horticulture and Industries and Mining.

 

The Cabinet vide its decision No: 169/13/2015 on December 2 had approved undertaking of various projects under the PPP Mode by different departments. The announcement to this effect was made by Chief Minister Mufti Mohammad Sayeed at a press conference after the Cabinet meeting.PPP is a funding and operational model for public infrastructure projects requiring large finance. The line departments would identify and have ownership of such projects.

 

According to the Finance Minister, Dr Haseeb Drabu the PPP Mode will lead to fast-track development and construction of projects in various sectors and will go long way in boosting infrastructure needs of Jammu and Kashmir. He said the Central Government as well as various State Governments in the country have switched over to this mode in some sectors for boosting development.

 

Comments

Cross Town News is the no. 1 Weekly Newspaper and Online News Portal in J&K in term of serious News. The rugged Newspaper & Portal is with a substantial difference to read and presence to feel. This newspaper has a vision to deliver the real side of truth to the public . Since it’s inception in 2013 March, It has become No. 1 News medium for people of J&K. Cross Town News has a mission to deliver high quality news across the nation within fraction of time.

Subscribe Now

Subscribe to our weekly Newsletter.