New
Delhi: More than 900 projects with total project cost
(TPC) of Rs. 543045 crore in the infrastructure sector have been initiated till
December 2012 as compared to over 600 projects with TPC of Rs. 333083 crore as
on 31st March, 2010, the Parliament was informed today. According to the World
Bank report on “Private Participation in Infrastructure” (PPI), India has been
the top recipient of private investment since 2006 and has implemented 43 new PPP projects which have attached a total investment of US $ 20.7 billion in
2011.
According to the report, India alone accounted for
almost half of the investment in new PPI projects implemented in developing
countries during the first semester of 2011. The report also mentions that
India continues to be the largest market for private participation in
infrastructure in the developing world. In the South Asian region, India
attracted 98% of regional investment and implemented 43 of the new 44 PPP
projects taken up in the region.
The economic survey submitted in the Parliament by
the Finance Ministry pointed out the favour PPPs have found in India. The PPP
Appraisal Committee (PPP AC) constituted in January, 2006 has approved 307
central projects with TPC of Rs. 2,97,856.58 crores. These include 242
proposals of national highways, 29 in ports, 27 in housing, 5 in sports stadia,
2 in airports, one each in tourism and railways.
The Government also supports PPPs through its
Viability Gap Funding (VGF) scheme under which 145 projects have been granted
approval with TPC of Rs. 80,203.28 crore and VGF support of Rs. 156,72.68
crores.
Of this amount VGF of Rs. 902.96 crore has been
disbursed. Furthermore, 51 projects have been approved with India
Infrastructure Project Development Fund (IIPDF) assistance of Rs. 64.51 crore
of which Rs. 25 crore has been disbursed.
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