India: PPPAC Recommends PPP Projects Worth Rs. 7595.19 Crores; EC Approves VGF of Rs. 1280.65 Crores for PPP Projects -UNPAN - United Nations Public Administration Network

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Public Administration News

India: PPPAC Recommends PPP Projects Worth Rs. 7595.19 Crores; EC Approves VGF of Rs. 1280.65 Crores for PPP Projects

Source:	pib.nic.in
Source Date:	Saturday, January 18, 2014
Focus:	ICT for MDGs
Country:	India
Created:	Jan 20, 2014

The Public-Private Partnership Appraisal Committee (PPPAC) in its 62nd Meeting recommended Public-Private Partnership (PPP) Projects worth Rs. 7595.19 crores while the Empowered Committee (EC) in its 19th Meeting approved Viability Gap Funding (VGF) of Rs. 1280.65 crores for PPP Projects. The Sixty-second (62nd) PPPAC meeting and 19th Meeting of the Empowered Committee (EC), both chaired by Secretary, Department of Economic Affairs, Ministry of Finance met here yesterday. The Public-Private Partnership Appraisal Committee (PPPAC) granted approval to five (5) projects of Ministry of Road Transport & Highways. The list of projects is given below. The estimated project cost of the approved projects is Rs. 7595.19 crore. Since its constitution in January 2006, the Public-Private Partnership Appraisal Committee (PPPAC) has approved 272 Central Sector Projects with TPC of Rs. 296579.6 crore. These include NHs (223 proposals), ports (32 proposals), airports (2 proposals), tourism infrastructure (1 proposal), housing (8 proposals) and sports stadia (5 proposals). In this year, till date, a total of 19 projects with total cost of Rs. 43903.30 crore have been approved by the PPPAC.

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