Viability Gap Funding

The Great Nicobar transhipment port project may require major tweaks to viability gap funding norms amid strategic imperatives, commercial risks and environmental concerns

Further discussions on basic contours of scheme are currently ongoing. Focus of proposed scheme will clearly be on enhancing electric-based and environment-friendly public transportation in country

This move would help get Rs 9,500 crore or more of investments into battery storage system

The official added that a 20 per cent contribution from state governments to the regional connectivity fund had been factored in while proposing the hike

The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019

VGF is given to PPP projects and has been limited to economic infra so far; some Rs 6,000 cr would be given for such initiatives as VGF till 2024-25

The earlier VGF scheme was limited to projects concerning economic infrastructure

VGF of up to 20% of the total project cost is provided under this scheme