Date of Release:
Nov 9 2015
The government is now working on fixing modalities for the formation of Project Preparatory Fund (PPF) that will complete preliminary activities before the launch of projects, officials said.
A high official of the finance ministry said the Ministry of Planning (MoP) will frame the modalities for the PPF as projects are approved and revised by this ministry.
Under the move, the proposed fund will bear the costs of land acquisition, feasibility study and environmental impact assessment (EIA) for development projects, a source in the planning ministry said.