Press Information Bureau

Government of India

Ministry of Finance

20-September-2012 17:32 IST

Nine (9) Road Projects of 1226.115 KM Stretch from the State Governments of Andhra Pradesh, Uttar Pradesh, Maharashtra and Bihar with Total Project Cost of Rs. 11596.84 Crores and Viability Gap Funding (VGF) under the Scheme of Rs. 2295.06 Crores Approved

The Empowered Committee (EC) under the Scheme for Financial Support to Public Private Partnership (PPPs) in Infrastructure (i.e. the Viability Gap Funding Scheme) granted approval to 9 road projects of 1226.115 km stretch from the State Governments of Andhra Pradesh, Uttar Pradesh, Maharashtra and Bihar with Total Project Cost of Rs. 11596.84 crores and viability gap funding (VGF) under the Scheme of Rs. 2295.06 crores. These projects are at an advanced stage of bidding/construction and are expected to result in disbursal of (approximately) Rs. 500.00 crores from the Government of India during the current financial year 2012-13.

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DSM/RS

Viability Gap Funding approval of multiple road projects under PPP, triggering government disbursement in the current year. The Empowered Committee approved nine road projects totalling 1,226.115 km from Andhra Pradesh, Uttar Pradesh, Maharashtra and Bihar under the Viability Gap Funding Scheme, allocating aggregate VGF to support PPP delivery. The projects are at advanced bidding or construction stages and the announcement forecasts government disbursement under the Scheme during the current financial year to facilitate implementation.