Economic Survey 2013: Flexibility needed in PPP arrangement to rebid projects

The Public Private Partnership Appraisal Committee (PPPAC), since its inception in 2006 has approved 307 central project proposals with TPC of Rs 2,97,856.58 crore.

These include 242 projects of National Highways, 29 proposals from ports, two airports schemes and 27 housing projects.

The Survey said government under the Scheme for Financial Support to PPPs in Infrastructure have approved viability gap funding (VGF) to the tune of Rs 89,203 crore to 145 projects. It has included 13 new sub-sectors in the list of sectors eligible for VGF support including education and health.

Detailing steps in regard to framing of policies for better implementation of projects, it said, "following recommendations of the Committee on Public Procurement, the Prime Minister's announcement regarding transparency and accountability in procurement..., the draft PPP Rules and PPP Policy have been prepared."

These have undergone extensive consultation process at central and state government levels for finalisation, it added.

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