Question
What is the total outlay and duration of the India
Infrastructure Project Development Fund Scheme announced by the government for supporting the development of Public Private Partnership (PPP) projects that can be offered to the private sector?Solution
India Infrastructure Project Development Fund is a Central Sector Scheme with total outlay of Rs.150 Crore for a period of 3 years from 2022-23 to 2024-25.
- It is aimed at providing financial support for quality project development activities.
- The Sponsoring Authority will be able to source funding to cover a portion of the PPP transaction costs, thereby reducing the impact of costs related to procurement on their budgets.
- Financial Outlay: The IIPDF will contributes upto 75% of the project development expenses to the Sponsoring Authority as an interest free loan. The balance 25% will be co-funded by the Sponsoring Authority.
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