public private partnership model
In an attempt to bring the public-private partnership model back to its previous glory, the government is currently contemplating a special platform to allow infrastructure players to renegotiate the already bid PPP projects, which is a step aimed at giving a big push to infrastructure development in the country. Discussions have begun on creating a 'resolution panel' in line with global practices as the government looks to breathe new life into PPP implementation. Most countries have a provision for renegotiation of contracts under the PPP mode, said a source, quoting an instance of South Africa where PPP unit is empowered to approve changes in conditions and similar models are also being followed in many other countries.

In the case of India, renegotiation of contracts has been done very selectively in the country. The finance ministry had recently called a meeting to discuss what needs to be done for the PPP framework to support the new government injecting big infra push. A number of issues keep cropping up about PPP model as allowing renegotiation after a project is bid out has emerged as a crucial challenge in most infrastructure sectors. Renegotiation is necessary in PPP as it happens all over the world and is needed in the face of the fact that it is humanly impossible to make accurate prediction for 30-40years, chairman, Feedback Infra Vinayak Chatterjee said.