ISD encourages participants to structure PPP projects in ports sector
Ports Sector requires proper project structuring due to inherent complexities involved, according to a two-day workshop by the Infrastructure Finance Secretariat (IFS), Department of Economic Affairs (DEA) .
Understanding this need, ‘PPP Structuring Toolkit’ is one among the initiatives that IFS has taken to support the Project Sponsoring Authorities (PSAs) and other stakeholders to structure their port projects https://www.globaltenders.com/ in PPP mode with objectivity and to boost private sector investment for development of ports sector in the country, according to the workshop presentation.
The importance of infrastructure and the need for creating a shelf of viable infrastructure https://ted.europa.eu/en/ projects to take India on a higher growth trajectory and further encouraged the participants to structure PPP projects in ports sector was also highlighted by Preeti Jain, Director, Infrastructure Support & Development (ISD) Division, DEA.
The workshop included sessions on demonstration of toolkit and further included hands-on sessions understanding of tools developed for evaluating projects in ports sector https://www.meed.com/latest/tenders .
More than 45 representatives of Centre and State/UT Government departments, private players and major ports authorities https://shipmin.gov.in/ , attended the workshop in hybrid mode on 14-15 Mar 2024 in New Delhi.
The objective was to sensitise stakeholders from ports sector, and on how to structure PPP projects using the web-based PPP structuring toolkit in Ports sector.
The workshop familiarised participants with the toolkit’s overview and objectives through the case studies for practical understanding, detailing its five integral tools:
Suitability Filter;
Family Indicator Tool;
Mode Validation Tool;
Financial Viability Indicator; and
Value for Money Indicator tool.
IFS also showcased the ‘Contingent Liability Toolkit’, which gives a hands-on approach to the PSAs for estimating probable pay-outs of the PSA due to occurrence of various contingencies.
The workshop witnessed active participation from officials representing Central Ministries/Departments, various State/UT Governments and from all major ports’ authority.
This workshop is the fourth in a series catering to Ports Sector. fiinews.com
