Latest News | FinMin Organises Workshop on PPP Project Structuring Toolkit for Highways Sector

New Delhi, Nov 17 (PTI) The Finance Ministry on Friday organised a two-day workshop to sensitise project sponsoring authorities (PSAs) of the roads and highways sector on how to structure PPP projects using a web-based toolkit.

The workshop organised by the Infrastructure Finance Secretariat (IFS) in the Department of Economic Affairs (DEA) was attended by more than 70 representatives of Centre and state/UT governments, the finance ministry said in a statement.

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Recognising the challenges inherent in PPP projects, IFS has developed the PPP Structuring Toolkits, offering web-based tools to assist project sponsoring authorities in evaluating project viability for PPP mode.

The workshop, which is the first in a series of workshops for dissemination of the toolkits, was inaugurated by Economic Affairs Secretary Ajay Seth.

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He highlighted the importance of infrastructure and the need to create a shelf of viable infrastructure projects to take India on a higher growth trajectory.

Seth further emphasised that PSAs may identify the opportunities, wherein they can move the needle from EPC (engineering, procurement, construction) mode to public-private partnership (PPP) mode for infrastructure delivery.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)