By TIOL News Service

NEW DELHI, JAN 19, 2014: THE Public-Private Partnership Appraisal Committee (PPPAC) in its 62nd Meeting has recommended Public-Private Partnership (PPP) Projects worth Rs. 7595.19 crores while the Empowered Committee (EC) in its 19th Meeting approved Viability Gap Funding (VGF) of Rs. 1280.65 crores for PPP Projects.

The Sixty-second (62nd) PPPAC meeting and 19th Meeting of the Empowered Committee (EC), both chaired by Secretary, Department of Economic Affairs, met here on Friday. 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 19th Meeting of the Empowered Committee (EC) chaired by Secretary, Department of Economic Affairs which also met here on Friday, 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 and final approval to two (2) projects from Uttar Pradesh For Viability Gap Funding of Rs. 585.45.