Viability Gap Fund definition

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue shortfalls through grants, subsidies or guarantees;

Viability Gap Fund means the fund established by the Government for purposes of compensating, on the recommendation of the Committee, the private party to a PPP agreement for any revenue shortfalls, through grants, subsidies or guarantees.

Viability Gap Fund or “VGF” means a fund managed by the Federal Ministry of Finance for the purpose of funding Viability Gaps in PPP projects.

Examples of Viability Gap Fund in a sentence

• It should be noted that this follows current ECC approved PPP policy which specifies that support may be provided in a number of ways including through the MOF Viability Gap Fund or PSDP.

• The specific project activities under Component 2 sub- component 2.2 (Spatial development with the establishment of a Viability Gap Fund (VGF) are not known at the time of project preparation and therefore will require the preparation of an Environmental and Social Management Framework (ESMF).

• Structure and market the projects in such a manner so that various forms of aid, grant, Viability Gap Fund etc.

• Notwithstanding the foregoing, if the Government elects to maintain the user fees at levels below levels that would ensure financial viability as described herein, then it shall compensate the private party for the difference through the Viability Gap Fund.

• The main parts of the Industrial Development Sector Plan not covered by the program are the direct development of new IEs (US$405 million, including US$119 million from the Viability Gap Fund) and the development of CETPs within these new estates (US$85 million).

• This sub-component will support spatial development with the establishment of a Viability Gap Fund (VGF) to be managed by a Special Purpose Vehicle (SPV), which will invest in off-site and on-site infrastructure in those zones identified as priority in subcomponent 2.1. Until this VGF is properly set-up, this activity will be implemented either through the hiring of a specialized firm to run the fund on behalf of the Government, or through the hiring of specialized and dedicated staff for the PCU.

• The Central/ State Government provides Viability Gap Fund up to 40 per cent9 of the project cost for projects which are economically justified, but fall short of financial viability due to long gestation period.

• For such FPPs, project would help CBOs by extending grant in the form of Viability Gap Fund (VGF) up to 60 % of the project cost.

• However, with the efflux of time, there have been changes in the tax and stamp duty regime, formulation of Government of India’s (GoI) policy of Public-Private-Partnership (PPP) in infrastructure projects, and the concept of the Viability Gap Fund (VGF).

• The MOF PPP Unit has management responsibility for overseeing three key, catalytic funds, the PPP Technical Assistance Fund, Viability Gap Fund and Bangladesh Infrastructure Finance Fund.The PPP Unit works on behalf of the Government to monitor budget implications of upcoming PPP projects and manage any contingent liability exposure that the government may deem appropriate to support PPP project financing.

More Definitions of Viability Gap Fund

Viability Gap Fund means the fund established under section 11.]

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue and human resource/ capacity/ materials shortfalls where the users or beneficiaries are not required to pay for socio-economic benefits through grants, subsidies or guarantees;

Viability Gap Fund shall have the meaning as defined in Clause 14.2.2

Viability Gap Fund means the Viability Gap Fund established under section 22 of this Act. CHAPTER-II INSTITUTIONAL ARRANGEMENTS 3. Public Private Partnership Committee.---(1) There shall be a Committee to be known as the Public Private Partnership Committee, under the Chairmanship of Chief Minister, Khyber Pakhtunkhwa, with a mandate to promote, facilitate, coordinate, approve and oversee Public Private Partnership Projects. (2) The Committee shall consist of such number of other members as may be prescribed. (3) The Committee shall regulate its procedure in such a manner as may be prescribed.

Viability Gap Fund means the funds [or any other assets]12 from the Government which are made available to the private party [to support the Project including funds for covering revenue shortfalls through grants, subsidies, guarantees, or any other mode approved by the Board under section 22;]13

Viability Gap Fund means the funds or other assets of the Government which are made available to the private party to support the scheme including funds for coveri ng revenue shortfalls by means of grants, subsidies, guarantees, or any other mode approved by the Authority;