Panaji: The department of public private partnership has signed a Memorandum of Understanding (MoU) with the International Finance Corporation (IFC), a member of World Bank Group, for development of infrastructure in the state on public private partnership basis.
The MoU has been signed in pursuance of cabinet approval and no-objection certificate (NOC) from the department of economic affairs, Ministry of Finance.
As per the MoU, IFC will do initial screening and scoping of projects in consultation with different departments and entities and identify projects across a range of sectors, which are a priority for the client and fit within IFC’s strategic developmental priorities in India. This includes feasibility study on select projects.
The IFC has appointed M/s Deloitte to do this initial screening study. This is an unpaid service from IFC, being done through the donor funding.
The following way forward in a structured manner is proposed for the initial screening study by IFC/ Deloitte namely introductory/ kick-off meeting with all the secretaries and select departments/ corporations, followed by meeting with individual secretaries along with heads of the departments/ managing directors under each secretary to discuss and identify possible areas and projects, and finally, based on the outcome of secretary-level meeting, Deloitte will then meet individual heads of the departments/ managing directors for detailed discussion and crystallisation of projects.
A related introductory kick-off meeting is scheduled on October 5 at the Secretariat. A presentation will be made by IFC on the way forward.
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