New Delhi The Department of Economic Affairs on Friday shortlisted 12 Transaction Consultants for Public Private Partnership (PPP) projects to provide necessary support to the project sponsoring authorities in the transaction of PPP projects. The panel includes CRISIL, Deloitte Touche Tohmatsu, KPMG, Feedback Infra, PwC, RiTES Ltd, among others.
The move is aimed at ensuring smooth and timely implementation of infrastructure projects.
12 TAs are enlisted for a period of three years, which can be extended up to 2 years.
In the Union Budget 2022-23, Finance Minister Nirmala Sitharaman announced the government’s intention to create an enabling environment for increasing private investment in infrastructure.
The idea behind empanelment of TAs is to ensure that project sponsoring authorities at the central, state and local authority levels have access to quality advisory support for viable PPP transactions.
“TA Panel is being made available to all Central Ministries, State Governments, Statutory Bodies, Public Sector Enterprises (PSEs) and such other undertakings within the purview of Ministries/Departments of Government of India and State Governments either undertaking or undertaking intends to undertake PPP transactions,” the Finance Ministry said in a release.
The creation of the panel will help the implementing authority to select the TA from the pool.
Earlier, the government had also launched a scheme (VGF scheme) for financial assistance to Public Private Partnerships (PPPs) for infrastructure projects that are economically justified but commercially impractical.