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Public Private Projects (PPP) implemented by Infrastructure Ministries and Departments of Central Government and PPP Projects of Departments of State/Central Government seeking Viability Gap Support (VGF) from Central Government are cleared by Institutional Mechanisms. The Public Private Project Appraisal Committee (PPPAC) and the Empowered Committee (EC) both chaired by Secretary, Department of Economic Affairs met on February 2, 2016 and cleared 6 road projects and 1 ports sector project with estimated project cost totalling ₹ 9672.12 crores. These included 4 National Highway projects, one each in the state of Maharashtra and Himachal Pradesh and two projects in the state of Uttar Pradesh and one port sector project in the state of Goa cleared by the PPPAC. The two road cleared for Viability Gap Funding support projects are State Highway projects of the Government of Uttar Pradesh.
Viability gap funding approvals enable PPP infrastructure projects to proceed following institutional clearance and appraisal mechanisms. Institutional appraisal mechanisms cleared seven public-private infrastructure projects and authorized consideration for central Viability Gap Funding (VGF). The Public Private Project Appraisal Committee (PPPAC) and the Empowered Committee (EC), chaired by the Department of Economic Affairs secretary, cleared six road projects-including National Highway and State Highway proposals-and one ports sector project, initiating eligibility and procedural steps for central VGF support and project implementation under PPP appraisal criteria.Press 'Enter' after typing page number.