Public Private Projects (PPP) implemented by Infrastructure Ministries and Departments of Central Government and PPP Projects of Departments of State/Central Government seeking Viability Gap Support (VGF) from Central Government are cleared by Institutional Mechanisms. The Public Private Project Appraisal Committee (PPPAC) and the Empowered Committee (EC) both chaired by Secretary, Department of Economic Affairs met on February 2, 2016 and cleared 6 road projects and 1 ports sector project with estimated project cost totalling Rs. 9672.12 crores. These included 4 National Highway projects, one each in the state of Maharashtra and Himachal Pradesh and two projects in the state of Uttar Pradesh and one port sector project in the state of Goa cleared by the PPPAC. The two road cleared for Viability Gap Funding support projects are State Highway projects of the Government of Uttar Pradesh.
Courtesy:pib.nic.in
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