Maharashtra frames PPP policy

The urban development department of the Maharashtra government framed a new policy in order to address issues, such as settling of claims and risk-sharing, arising out of delays in public private partnership (PPP) projects. The draft policy has been forwarded to the finance department for modifications. The policy was framed in order to rule out the possibility of disputes at a later stage of a project and also to put several works on track for completion on time. This initiative is expected to put in place a new law for speedy completion of PPP works. The new policy may also ensure timely completion and smooth operation of projects.