Jain stresses the necessity of appropriately structuring PPP projects
Recognising the challenges inherent in “Public Private Partnership (PPP) projects, the Infrastructure Finance Secretariat (IFS) has developed the PPP Structuring Toolkits, offering web-based tools to assist Project Sponsoring Authorities in evaluating project viability for PPP mode.
A workshop was inaugurated by DEA Secretary Ajay Seth held 16-17 Nov 2023 in New Delhi announcing the toolkit. It is a first in a series of workshops for dissemination of the toolkits.
He highlighted the importance of infrastructure and the need for creating a shelf of viable infrastructure projects to take India on a higher growth trajectory.
Seth further emphasised that Project Sponsoring Authorities (PSAs) may identify the opportunities wherein they can move the needle from EPC mode to PPP mode for infrastructure delivery.
Antony Cyriac, Adviser, Dept of Economic Affairs, highlighted how infrastructure development contributes to GDP growth, while Preeti Jain, Director, DEA, stressed the necessity of appropriately structuring PPP projects due to their inherent complexities.
The workshop familiarised participants with the toolkit’s overview and objectives through 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
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, was also showcased and discussed.
The workshop saw enthusiastic participation from officials representing the Centre and various State/UT Governments nationwide.
More details on the PPP Structuring Toolkits are available on https://www.pppinindia.gov.in/ppp_structuring_toolkit. Fiinews.com
