The government is planning to set up an independent tribunal for faster resolution of disputes relating to private sector partnerships and public procurement. The tribunal is likely to be set up through an Act of Parliament.
Senior government officials said inter-ministerial discussion on creating the tribunal was currently on. Besides, a PPP re-negotiation framework would also be evolved to give flexibility to contracts signed with private companies. ¨A Cabinet approval will be taken for the framework,¨ said a government official.
Some 1,300 Public-Private Partnership (PPP) projects costing about Rs.7 lakh crore have been undertaken under the PPP mode. Problems in PPP range from land acquisition issues and other government clearances, to companies finding it tough to operate projects at rates quoted by them.