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 (PP
- P Â 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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