New Delhi, Nov 4 (KNN) The Department of Economic Affairs (DEA), Ministry of Finance on Friday notified the Scheme for Financial Support for Project Development Expenses of PPP Projects – India Infrastructure Project Development Fund Scheme (IIPDF Scheme).

The has been actively engaged in developing the appropriate policy framework for private investment in infrastructure development.

Public Private Partnerships (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 scheme aims to provide necessary support to the PSAs, both in the Central and State Governments, by extending financial assistance in meeting the cost of transaction advisors and consultants engaged in the development of PPP projects.

IIPDF Scheme will aid development of quality PPP projects by providing necessary funding support to the project sponsoring authorities, both in the Central and State Governments, for creating a shelf of bankable viable PPP projects for achieving the vision of modern infrastructure for the country.  (KNN Bureau)