The finance ministry has roped in 11 transaction advisors, including PricewaterhouseCoopers and Ernst & Young, for assistance in undertaking infrastructure projects through the public-private partnership route. The panel, finalised through an international competitive bidding process last week, will work out technical and economic specifications of an infrastructure project before handing it over to private firms for development.
Among those selected are Abacus Legal Group, Crisil Infrastructure Advisory, Deloitte Touche Tohamatsu, Feedback Ventures and Grant Thornton of the UK. The panel also included RITES, International Finance Corporation, Infrastructure Development Finance Company and Infrastructure Leasing & Financial Services, sources said.
Sources said the finance ministry was concerned that PPP projects had not taken off although the government expected a major portion of the targeted $450 billion investment in the core sector to come through this route. State governments have also been demanding that there should be a pool of experts to assist them to firm up all aspects of the project before they offer it to private players for development. The appointment of advisors is expected to give a fillip to infrastructure projects, especially in the road, ports, airports and metro train service, in which private sector has shown keen interest.
Source : www.indian-commodity.com
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