CAG to audit PPP Projects in India - Financial Express

Source(s) : http://www.financialexpress.com/news/Infra-projects-under-PPP-model-to-face-CAG-audit/554994/
 http://www.cag.gov.in/ppp-project.pdf

 CAG in India has issued guidelines of PPP Projects audit. As per this all PPP projects, SPV and books of private partner would be brought in the purview of CAG audits.

The rationale is to ensure that all stakeholders get ‘value for money.’ The CAG of India Vinod Rai has said the guidelines will ‘help auditors in determining whether government and other public authorities have got the best possible deal.’ More importantly, with the private sector expected to pitch in about 30% of the $ 494-billion investments in infrastructure though the PPP route, the Planning Commission and the finance ministry have been keen to ensure that such projects do not get disrupted because of any discrepancies by the private player.

 Read More at : Financial Express   & CAG PPP Audit Guidelines