Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
3 Public Private Partnership
3.1 Introduction
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. Private sectors bring their capital and their ability to deliver
projects on time and to budget, while the public sector retains the responsibility to provide these services to the public in a way that benefits the
public and delivers economic development. PPP‘s combine the best of both worlds: the private sector with its resources, management skills and
technology and the public sector with its regulatory actions and protection of the public interest.
PPP‘s projects are jointly undertaken by governments and private sector partners for capacity building and provide services of the required /
improved quality to the public and consumers at large. It involves balanced sharing of the risks and benefits between the Government and Public
parties. In PPP‘s, the private sector invariably brings in the necessary finance to build the projects, undertakes designs and construction as also
operation and maintenance, in return for the public sector either transferring its right to collect user charges, levies or tolls or pays compensation
in accordance with an agreed pattern by way of viability gap funding, annuity or annual charges, based on certain pre-determined norms and
principles.
Uttarakhand Public Private Partnership Cell has been formed as part of ADB technical Assistance program from ―Mainstreaming of Public
Private Partnership in States". Under this program Govt. of Uttarakhand has signed MOU with DEA, Govt. of India. Secretary, Department of
Planning, Govt. of Uttarakhand is named as PPP Nodal Officer of the State. PPP Cell has been formed as society and registered under
Societies Act 1860.
The State has issued PPP procurement process guidelines in Uttarakhand Procurement Rules 2008.
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