Approval Committees

Central Sector Projects | VGF

Central Sector Projects
 
1. Public Private Partnership Approval Committee (PPPAC)
 
The Cabinet  Committee on  Economic Affairs (CCEA) in its  meeting of 27th October, 2005 approved the procedure for approval of public private partnership (PPP) projects. Pursuant to this decision, a  Public Private Partnership Approval Committee (PPPAC) has been set up comprising of the following:

1. Secretary, Department  of Economic Affairs (in the Chair)

2. Secretary, Planning Commission

3. Secretary, Department of Expenditure;

4. Secretary, Department of Legal Affairs; and

5. Secretary of the Department sponsoring a project

The committee would be serviced by the Department of Economic Affairs, who will set up a special cell  for servicing such proposals. The Committee may co-opt experts as necessary.

The procedure approved by the CCEA for the approval of the PPP projects is enclosed at Annex-I.

Notification dated Nov 29, 2005

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2. Committees constituted pursuant to CCEA's decision dated 22.03.07 regarding Modification of  Appraisal Procedure for PPPs

The Cabinet Committee on Economic Affairs (CCEA) in its meeting of 22nd March, 2007 approved modification in approval procedure for Public Private Partnership (PPP) projects. The approval procedure had originally been approved by CCEA in its meeting of 27th October, 2005.

Pursuant to the decision of the CCEA, a Committee for appraisal of PPP projects of all sectors of cost greater than Rs.100 crore but less than Rs.250 crore is being set up comprising of the following:

1. Secretary, Department of Economic Affairs

2. Secretary of the Ministry/Department sponsoring the project.

For appraisal of individual projects under NHDP which are of Rs.250 crore or more but less than Rs.500 crore and which fulfill certain specified conditions, a Committee comprising of the following is being set up:

1. Secretary, Department of Economic Affairs

2. Secretary, Department of road Transport and Highways

Detailed guidelines for the appraisal/approval procedure to be followed for the Committees being set up under paragraphs 3 and 4 above will be notified separately by this Department.

Notification dated April 02, 2007

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Viability Gap Funding (VGF)

Cabinet Committee on Economic Affairs in its meeting of 25th July, 2005 approved the Scheme for support to Public Private Partnerships in Infrastructure. In pursuance of the decision of the Cabinet, it has been decided to constitute an Empowered Committee and Empowered Institution for approving financial assistance to such projects which satisfies all the eligibility criteria indicated in the Scheme.

The composition of Empowered Committee will be as follows:

1. Secretary {Economic Affairs)

2. Secretary (Planning Commission)

3. Secretary (Expenditure)

4. Secretary of the line Ministry dealing with the subject

The Empowered Committee will:

1. Sanction Viability Gap Funding up to Rs. 200 crore (Rs. Two hundred crore) for each project subject to the budgetary ceilings indicated by the Finance Ministry. Amounts exceeding Rs. 200 crore may be sanctioned by the Empowered Committee with the approval of Finance Minister;

2. Determine the appropriate formula that balances needs across sectors in a manner that broad bases the sectoral coverage and avoids pre­ empting, Of funds by a few large projects;

3. Determine the inter-se allocation between any on-going Plan Scheme providing viability gap funding and this Scheme; and,

4. Provide clarifications or instructions relating to eligibility of a project for such support as and when requested by Empowered Institution.

The Composition of the Empowered Institution is as follows:

1. Additional Secretary (Economic Affairs)

2. Additional Secretary (Expenditure)

3. Representative of Planning Commission not below the rank of Joint Secretary

4. Joint Secretary in the line Ministry dealing with the subject (v) Joint Secretary (FT), DEA -- Member Secretary

The Empowered Institution will sanction projects for Viability Gap Funding
upto Rs. 100 crore (Rs. One hundred crore) for each eligible project subject to
the budgetary ceiling indicated by the Finance Ministry. Empowered
Institution will also consider other proposals and place them before the
Empowered Committee.

Eligible Sector: The sectors eligible for Viability Gap Funding under this Scheme are:

1. Roads and bridges, railways, seaports, airports, inland waterways;

2. Power;

3. Urban transport, water supply, sewerage, solid waste management and other physical infrastructure in urban areas;

4. Infrastructure projects in Special Economic Zones; and

5. International convention centres and other tourism infrastructure projects;

Provided that the Empowered Committee may, with approval of the Finance Minister, add or delete sectors/sub-sectors from the aforesaid list.