Govt interventions needed to enhance investments
Private investors have raised key issues and constraints faced during structuring and execution of Public Private Projects (PPPs) at a workshop organised by the Infrastructure Finance Secretariat (IFS), Department of Economic Affairs (DEA) of the Finance Ministry, on 14 Sept 2022.
The private investors have suggested that key interventions by the Government may be required for enhancing private sector investments in the infrastructure sector, said the Finance Ministry in a release on 15 Sept 2022.
The workshop was attended by 150+ participants from Private sector infra players, representatives from FICCI, CII, ASSOCHAM, NIIF, Senior Government officials from Central Ministries and State Governments, officials from British High Commission and International Finance Corporation and Transaction Advisers empanelled by DEA.
The workshop, “Interventions Required for Strengthening the PPP Ecosystem (Partners in Progress)”, was to leverage private sector investment and operational efficiencies in the provision of affordable, qualitative and sustainable public assets as well as services.
The Government has already taken several interventions to encourage private sector investors to participate, leverage their resources, technology and management skills to increase infrastructure investment and improve the delivery of public goods and services with a high level of efficiency and quality in light of the rising demand of infrastructure facilities.
Continuing with the interventions to encourage the private sector investment, Infrastructure Finance Secretariat, DEA, with the support of British High Commission (BHC) wants to provide a platform to the key stakeholders (specially the private players) to share their views about the current PPP landscape, their areas and sectors of interest, and suggest interventions/initiatives required to further strengthen the current PPP ecosystem.
The workshop, included sector specific sessions on Health, Education and Sports, Water Supply and Municipal Solid Waste Management, Urban Transport and Roads & Airports.
During the workshop Project Sponsoring Authorities (PSAs) also presented successful PPP Projects executed, said the Ministry. fiinews.com
