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  • Viability Gap Funding

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    theashim
    109 tayangan15 halaman
    The document summarizes new initiatives by the Government of India to promote public-private partnerships (PPPs) for infrastructure projects, including the Viability Gap Funding scheme. The scheme aims to address issues of commercial viability and affordability by providing government grants of up to 20% of project costs. It will focus on sectors like transportation, energy, and urban infrastructure. The approval process involves an empowered institution and committee that can sanction funding up to Rs. 100 crore and Rs. 200 crore respectively. In addition, the India Infrastructure Finance Company and capacity building efforts in states are highlighted as ways to further support PPPs.

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    VGF

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    The document summarizes new initiatives by the Government of India to promote public-private partnerships (PPPs) for infrastructure projects, including the Viability Gap Funding scheme. The scheme aims to address issues of commercial viability and affordability by providing government grants of up to 20% of project costs. It will focus on sectors like transportation, energy, and urban infrastructure. The approval process involves an empowered institution and committee that can sanction funding up to Rs. 100 crore and Rs. 200 crore respectively. In addition, the India Infrastructure Finance Company and capacity building efforts in states are highlighted as ways to further support PPPs.

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    © All Rights Reserved
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    109 tayangan15 halaman

    Viability Gap Funding

    Diunggah oleh

    theashim
    The document summarizes new initiatives by the Government of India to promote public-private partnerships (PPPs) for infrastructure projects, including the Viability Gap Funding scheme. The scheme aims to address issues of commercial viability and affordability by providing government grants of up to 20% of project costs. It will focus on sectors like transportation, energy, and urban infrastructure. The approval process involves an empowered institution and committee that can sanction funding up to Rs. 100 crore and Rs. 200 crore respectively. In addition, the India Infrastructure Finance Company and capacity building efforts in states are highlighted as ways to further support PPPs.

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    © All Rights Reserved
    Unduh sebagai PPT, PDF, TXT atau baca online dari Scribd
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    dari 15

    Viability Gap Funding

    By
    Ashok Chawla
    Additional Secretary
    Department of Economic Affairs, Government of India
    20th December, 2006

    Infrastructure Indicative Investment


    Sector

    Investment

    To be made by

    (Rs. in crore)

    National
    Highways

    2,20,000

    2012

    Airports

    40,000

    2010

    Ports

    50,000

    2012

    5,40,000

    2012

    Energy

    December 20,

    PPP Cell, Department

    New Approach
    Promote

    flow of private capital in


    infrastructure
    through
    Public
    Private
    Partnerships (PPPs)
    Progress uneven over the past few years

    December 20,

    PPP Cell, Department

    PPPs in India Issues


    Political

    commitment
    Legal and regulatory framework
    Commercial viability
    Inclusive growth
    Acceptable risk sharing
    Capacity in the line organizations

    December 20,

    PPP Cell, Department

    Recent GOI Initiatives


    Viability

    Gap Funding Scheme


    India Infrastructure Finance Company
    Limited (IIFC)
    Capacity Building in States for PPPs

    December 20,

    PPP Cell, Department

    Scenario for implementing PPPs

    The new initiative seeks to cover PPPs where

    private sector provides infrastructure services for a fee


    under a concession agreement
    concession is granted on the basis of a transparent bidding
    process
    the bidder is asked to quote the quantum of grant required
    (positive or negative)
    the bidder is assured of a stable environment through a
    concession agreement

    December 20,

    PPP Cell, Department

    Viability Gap Funding Scheme


    Viability

    Gap Funding (VGF) Scheme to


    address the following concerns:

    Address the issue of affordability of user fee


    Leverage government grant to improve
    commercial viability of projects
    Promote user pay principle
    Ensure market based selection of promoter
    Promote concept of developer (in place of
    contractor) and address project life cycle costs
    December 20,

    PPP Cell, Department

    VGF Scheme Eligible Sectors


    Transportation
    Energy
    Urban

    Infrastructure
    Tourism infrastructure projects
    Industrial infrastructure projects (eg. SEZs)
    Any other

    December 20,

    PPP Cell, Department

    VGF Scheme GOI Support


    Funding

    by GOI limited to 20% of Project

    Cost.
    If required, an additional 20% can be made
    available by the sponsoring Ministry/agency
    GOI funding normally as capital grant during
    construction.

    December 20,

    PPP Cell, Department

    VGF Scheme Disbursement of Grant


    Grant

    to be disbursed after the private sector


    company has subscribed and expended its
    equity contribution
    Grant will be released in proportion to the
    disbursement of the remaining debt
    Grant released through the Lead Financial
    Institution
    December 20,

    PPP Cell, Department

    VGF Scheme - Approval Process

    For speedy appraisal, Empowered Institution and Empowered


    Committee set up
    Viability Gap Funding up to Rs. 100 crore for each project will
    be sanctioned by the Empowered Institution
    Proposals up to Rs. 200 crore will be sanctioned by the
    Empowered Committee, and
    Amounts exceeding Rs. 200 crore will be sanctioned by the
    Empowered Committee with the approval of Finance Minister
    Limits likely to be revised upwards

    December 20,

    PPP Cell, Department

    VGF Scheme - Status


    Status

    available on website: pppinindia.com


    Proposals received: 35
    Sectors: Highways, MRTS, Solid Waste
    Management, Railways, Power
    Grant of in principle approval: 17

    December 20,

    PPP Cell, Department

    IIFC

    Commercially viable projects that face problem in


    raising long term debt
    Leverage GOI guarantees to meet the long term
    debt needs of infrastructure projects
    Supplement funding by banks and IFIs
    GOI guarantees to IIFC to raise funds in the market
    2005-06: borrowing limit fixed at Rs. 10,000 crore

    December 20,

    PPP Cell, Department

    Capacity Building

    Develop shelf of projects


    Infrastructure & PPP be entered as subjects in the Rules of
    Business Transaction and assigned to one Department for
    focus with PPP Cells being created for greater focus
    Infrastructure departments to set own financial targets of
    attracting private investment through PPP and these be
    monitored and reviewed as Plan outside of Plan-as part of XI
    Plan
    GOI assistance for capacity building consultants, database,
    training assistance from ADB, WB

    December 20,

    PPP Cell, Department

    Thank You

    December 20,

    PPP Cell, Department

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