Key Points
The move aims to draw greater private capital into public infrastructure and reduce delays, through particular focus on sectors like urban infrastructure, railways and roads..
The move is aimed at drawing greater private capital into public infrastructure and reducing delays in project implementation, according to the person, who said the focus will also be on improving the fund flow into sectors such as urban infrastructure, railways and roads, where private participation remains either minimal or far from impressive...
The ministry is planning to roll out in this financial year a new public-private partnership (PPP) architecture and a standard model concession agreement (MCA) framework for various infrastructure sectors...
"While the government has walked the extra mile to boost capital spending in recent years, it's also desirable to increase the participation of private players, as the funding requirements in infrastructure remain large," the person told ET on condition of anonymity...
The Centre's budgetary capital spending more than doubled to 7.28 lakh crore in 2022-23 from the pre-Covid-19 (2019-20) levels, reflecting the hefty increases in allocations in recent years..
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