Infrastructure Finance Secretariat, DEA, organises workshop on “Public Private Partnership (PPP) Project Structuring Toolkit for Roads and Highways Sector”
Infrastructure Finance Secretariat (IFS) in the Department of Economic Affairs (DEA), Ministry of Finance (MoF), organised a two-day workshop in hybrid mode on 16th-17th November, 2023 in New Delhi, to sensitise Project Sponsoring Authorities (PSAs) of roads & highways sector, on how to structure PPP projects using the web-based PPP structuring toolkit. The workshop was attended by more than 70 representatives of Centre and State/UT Governments.
Recognising the challenges inherent in PPP projects, the IFS has developed the PPP Structuring Toolkits, offering web-based tools to assist Project Sponsoring Authorities in evaluating project viability for PPP mode.
This workshop, which is the first in a series of workshops for dissemination of the toolkits, was inaugurated by Shri Ajay Seth, Secretary, DEA, MoF. Secretary (DEA) highlighted the importance of infrastructure and the need for creating a shelf of viable infrastructure projects to take India on a higher growth trajectory. Shri Seth further emphasised that PSAs may identify the opportunities wherein they can move the needle from EPC mode to PPP mode for infrastructure delivery.
Shri Antony Cyriac, Adviser, DEA, highlighted how infrastructure development contributes to GDP growth, while Ms. Preeti Jain, Director, DEA, stressed the necessity of appropriately structuring PPP projects due to their inherent complexities.
The workshop familiarised participants with the toolkit’s overview and objectives through case studies for practical understanding, detailing its five integral tools:-
- Suitability Filter
- Family Indicator Tool
- Mode Validation Tool
- Financial Viability Indicator, and
- Value for Money Indicator tool
The Contingent Liability Toolkit, which gives a hands-on approach to the PSAs for estimating probable pay-outs of the PSA due to occurrence of various contingencies, was also showcased and discussed.
The workshop saw enthusiastic participation from officials representing the Centre and various State/UT Governments nationwide. More details on the PPP Structuring Toolkits are available on https://www.pppinindia.gov.in/ppp_structuring_toolkit.