Press Information Bureau

Government of India

Cabinet Committee on Economic Affairs (CCEA)

17-January-2013 13:52 IST

The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (B.K. Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to annuity payments for PPP projects.

The guidelines would be communicated to Ministries for adoption within two weeks. These guidelines will streamline the process of structuring and sanction of projects under annuity mode of PPP.

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SC/SK

Budgetary ceilings for annuity commitments approved to protect future budget flexibility; guidelines to be issued to ministries. Approval was granted for establishing budgetary ceilings on annuity commitments under PPP projects to preserve future budgetary flexibility. Administrative guidelines implementing the ceilings will be issued to ministries for adoption and are designed to streamline the structuring, sanction and approval processes for projects procured under the annuity mode of PPP, ensuring consistent treatment of annuity obligations across sectors.