Industry & Economy
-
Infrastructure
Web Extras
-
Policy
Viability gap funding scheme
Our Bureau
New Delhi
,
March 17
The Finance Ministry has expressed confidence that the number of proposals for viability gap funding (VGF) would increase in the coming months with more widespread awareness about the scheme.
The VGF scheme provides financial support in the form of capital grant for public private partnerships (PPP) in various infrastructure sectors.
The Outcome Budget for 2006-07, tabled in the Lok Sabha by the Minister of State for Finance, Mr S.S. Palanimanickam, here on Friday, said that seven proposals have been received under the VGF scheme.
While in-principle approvals have been granted to 3 highway projects in Gujarat, in-principle approval to another two highway projects in Maharashtra is likely to be issued during March 2006. The remaining projects are likely to take some more time before they can be put up for consideration.
The total approval for VGF given till now in the current fiscal is about Rs 241.74 crore for the three highway projects in Gujarat. "If the two other highway projects received from Maharashtra that are under process are approved before March 31, 2006, the total approvals will be of Rs 333.24 crore. The first disbursements of VGF are likely to commence sometime towards the end of 2006-07," says the outcome budget.
More Stories on :
Infrastructure |
Policy |
Budget
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
