Date:26/07/2006 URL: http://www.thehindubusinessline.com/2006/07/26/stories/2006072605111300.htm

Back Nod for 12 infrastructure projects

Our Bureau

New Delhi, July 25

The Empowered Institution formed under the Scheme for Support to Public Private Partnerships in Infrastructure has accorded `in principle' approval to 12 projects. An official release said that the total investment for these projects is estimated at Rs 2,643 crore. About Rs 529.78 crore is to be provided as Viability Gap Funding (VGF) support by the Government. The exact VGF support to be given would, however, be decided on the basis of competitive bidding. The projects will be constructed, maintained and operated by private partners who will fund the remaining amount of Rs 2063.31 crore. All the 12 projects are in the road sector in the States of Gujarat, Madhya Pradesh, Maharashtra and Rajasthan.