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Advisors appointed for PPP projects

Wednesday, 29 Aug 2007
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The Finance ministry has selected eleven transaction advisors, including Pricewaterhouse Coopers and Ernst & Young, for assistance in undertaking infrastructure projects through the public-private partnership route.

The panel, finalised through an international competitive bidding process, 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.

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.

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