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    <title>PPP PROJECTS ON FAST TRACK</title>
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    <description>Public Private Partnership Appraisal Committee (PPPAC) provides a centralised fast-track approval mechanism for central sector PPP projects above the threshold, conducting four-week due diligence and making consensual decisions with Administrative Ministry participation. PPPAC reduces transaction costs and spreads best practices while assessing and highlighting government exposure to contingent liabilities arising from transfer of public assets, delegation of charging authority, and monopoly service provision, thereby informing the heightened obligation for due diligence and service-quality safeguards before approval.</description>
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