EC Approves VGF of Rs. 1280.65 crore for PPP Projects
The Public-Private Partnership Appraisal Committee (PPPAC) recommended Public-Private Partnership (PPP) Projects worth Rs. 7595.19 crore while the Empowered Committee (EC) approved Viability Gap Funding (VGF) of Rs. 1280.65 crore for PPP Projects. The Public-Private Partnership Appraisal Committee (PPPAC) granted approval to five (5) projects of Ministry of Road Transport & Highways. 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.The Empowered Committee (EC) accorded in-principle approval to four (4) projects including two (2) projects from Government of Maharashtra and two (2) projects of Government of Uttar Pradesh for Viability Gap Funding of Rs. 695.20 crore and final approval to two (2) projects from Uttar Pradesh For Viability Gap Funding of Rs. 585.45 crore.
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