August 11, 2022 07:41 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
West Bengal: 9 dead in govt bus-autorickshaw collision in Birbhum | BJP only knows to divide people: Tejashwi Yadav with Nitish Kumar as they stake claim to form Bihar govt | Nitish Kumar to take oath as CM of Grand Alliance tomorrow, Tejashwi Yadav as deputy | Split between Nitish Kumar's JD(U) and BJP on cards? Decision tomorrow | India's badmin icon PV Sindhu clinches maiden CWG women singles gold
Finance Ministry empanels 12 Transaction Advisers to provide support in implementation of PPP projects Public Private Partnership
Image Credit: PIB

Finance Ministry empanels 12 Transaction Advisers to provide support in implementation of PPP projects

India Blooms News Service | @indiablooms | 02 Jul 2022, 01:25 am

New Delhi: Department of Economic Affairs has empanelled 12 Transaction Advisers (TAs) to offer required support to Project Sponsoring Authorities in transactions of Public Private Partnership (PPP) projects, the Finance Ministry said Friday.

In the FY23 budget, Finance Minister Nirmala Sitharaman had announced the government's intention to create an environment to increase private investment in infrastructure.

The government has also launched the VGF Scheme to support infrastructure projects that are economically justified and commercially viable.

The latest initiative requires that at the Central, State, and Local government level, Project Sponsoring Authorities have access to quality advisory support for viable PPP transactions, the finance ministry said in a statement.

State governments have been demanding a system that prevents delays in the appointment of transaction advisors/ consultants for preparing a shelf of bankable projects.

According to the World Bank, the bankability of a project can connote varying ideas. To some financiers, a project is bankable where it generates sufficient cash flows to meet obligations created during capital outlay. To others, bankability relates to the ability of a project to yield optimal returns.

The TA panel will be made available to central ministries, state governments, statutory bodies, Public Sector Enterprises (PSE) and other such undertakings within the purview of ministries/ departments of the Government of India and the state governments either undertaking or intending to undertake PPP transactions, the Finance Ministry said.

The creation of the panel will help the implementing authority to pick a TA from the pool, it added.

Related Images
FOHMA addresses press conference 01 Jan 1970, 05:30 am
Related Videos
PM Modi on Union Budget 2022-2023 01 Feb 2022, 06:28 pm
IBNS Live Business Chat 30 Dec 2021, 05:53 pm