PPP infra projects worth over Rs 2 lakh cr underway: Survey

The country has developed a robust pipeline of 450 projects worth over Rs 2 lakh crore under the public-private-partnership (PPP) mode, indicating the success of various infrastructure schemes, the Economic Survey said today.

It said the measures undertaken by the government for pushing PPP projects "have resulted in a robust pipeline of over 450 projects in diverse sectors with an estimated project cost of over Rs 2,24,175.80 crore."

However, the Survey data showed that both in terms of projects as well as value of contracts, the road sector alone accounted for over half the share with 271 PPP schemes worth over Rs 1 lakh crore.

Ports account for the next largest chunk of contracts in value terms at Rs 66,499 crore spread over 43 projects.

Among states, Karnataka, Andhra Pradesh and Maharashtra account for about half the PPP projects in value terms.

While Karnataka has 97 projects under execution valued at Rs 39,492 crore, Andhra Pradesh is a close second with 63 projects worth Rs 39,279 crore. Maharashtra has 31 projects valued at Rs 34,026 crore.

The Survey, however, cautioned that the country needed to address several constraints to ensure the continued success of PPP schemes, necessary for harnessing the required resources for enhancing infrastructure growth.

It listed policy and regulatory gaps, inadequate long- term financing, and capacity to manage processes and projects as bottlenecks that need to be cleared.