The Centre has revamped and broadened the India Infrastructure Project Development Fund Scheme with an aim to provide financial assistance in meeting the cost of transaction advisors and consultants engaged in the development of Public-Private Partnership projects, as per a statement and a gazette notification by the Finance Ministry on Friday, the corpus of this fund is Rs 150 crore for three years.
“PPPs are being encouraged to bring private capital and efficiency in execution and operation of infrastructure projects. Besides, new schemes and initiatives are being introduced to provide financial and technical support to the private sector, wherever necessary,” the statement said.
