Infrastructure - #SectorUpdates
The India Infrastructure Project Development Fund Scheme (IIPDF Scheme) has been revamped and broadened with an aim to provide financial assistance in meeting the cost of transaction advisors and consultants engaged in the development of Public-Private Partnership (PPP) projects. The IIPDF Scheme was set up in 2007 to aid development of quality PPP projects by providing necessary funding support to the project sponsoring authorities for creating a shelf of bankable viable PPP projects for achieving the vision of modern infrastructure for the country. The fund is restructured as a Central Sector Scheme with total outlay of Rs 150 crore for a period of three years from 2022-23 to 2024-25. Measures taken will likely enhance financial viability of projects including PPP, with technical and knowledge assistance from multilateral agencies. By adopting global best practices, innovative ways of financing, and balanced risk allocation financial viability of projects may also enhance.