May 18, 2025 10:11 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre picks Shashi Tharoor to head all-party delegation for 'exposing' Pak-backed terrorism globally | Rape convict, survivor express willingness to get married; exchange flowers in Supreme Court | 'Are nukes safe with irresponsible and rogue nation like Pakistan?': Rajnath Singh questions world | 'Go and apologise': Supreme Court slams Madhya Pradesh minister over remark against Colonel Sofiya Qureshi | 'Can timelines be imposed?': President Murmu's question to Supreme Court on Tamil Nadu verdict | 'Had Indira Gandhi been alive, I would've asked her why PoK was not taken back in Simla Agreement': Himanta Biswa Sarma | India's stand demanding vacation of Pak-occupied Kashmir unchanged: MEA | PM Modi visits Adampur Air Base days after Operation Sindoor | Jammu and Kashmir: Three Lashkar-e-Taiba terrorists killed in encounter with security forces in Shopian | US: Two Indian students die in road mishap in Pennsylvania
Public Private Partnership
Image Credit: PIB

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

| @indiablooms | Jul 02, 2022, at 06:55 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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu