PPP Projects transactions require specialists which are not available within the government /public sector in most cases. In order to make this project preparation part more professional,competitive and streamlined GoI had empanelled some of these companies on a prequalification basis.

The Panel of Transaction Advisers was notified by Ministry of Finance, Department of Economic Affairs vide OM No. 2/4/2007 Inf dated August 22, 2007.

GoUk also has recognized the need of the services of Transaction Advisors and have adopted the same list of Transaction Advisors with the addition of two state Joint Venture Companies namely UiDeC & UIPC. This has been notified by Department of Finance, GO No. 208/xxvii (7 )/2008 on 4th July 2008.

This Panel is available to all central, state and municipal governments who are undertaking or intending to undertake PPP transactions. However, it is advisable to procure financial, legal and technical expertise separatelyin the case of large projects such as port development or airport development projects where the project cost is very high.

Uttarakhand Government issued a Procurement Rules in 2008 and Public Private Partnership ( PPP) procurement  has been addressed in it. Here are the relevant chapters from Procurement Rules 2008.

Complete Uttarakhand Procurement Rules 2008 can be found here and here.

PPP : this stands for public private partnership as government of India definition states :

Public Private Partnership (PPP) Project means a project based on a contract or concession agreement, between a Government or statutory entity on the one side and a private sector company on the other side, for delivering an infrastructure service on payment of user charges. Private Sector Company means a company in which 51% or more of the subscribed and paid up equity is owned and controlled by a private entity.