Which among the following is not a consideration requiring intervention of public audit in PPP Publi...........

Finance (Phase -I & II) Alternate sources of finance

Which among the following is not a consideration requiring intervention of public audit in PPP(Public-Private Partnership) ?

The right to levy tolls/user charges gets shifted to the private sector partner

The contract is usually for a long term and thereby alienates the statutory right involved for a long period

The transfer of the public assets to a private body for long duration

The cost of execution met by the private partner is relatively higher

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Explanation:

Public Private Partnerships offer a unique and innovative method of involving the private sector in the nation building activity and in accelerating the delivery of public goods and services of high quality through joint enterprises, without spreading the limited available resources too thin. The Eleventh Five Year Plan has estimated that in order to sustain the envisaged high annual growth rate, the investments in the infrastructure sector will have to be of massive proportions. It would be impossible for the public sector to meet such huge commitments in view of its limited capability for additional capital mobilization. The anticipated shortfall of at least 30 percent of the estimated total plan requirements, which itself will be of a huge magnitude will have to be met by seeking active private sector involvement in the development of the infrastructure sector. Public Private Partnership (PPP) will be an attractive option in meeting this challenge.