By RADHIKA BHALLA

The Economic Times

NEW DELHI: The government has set the ball rolling for rating public-private partnership (PPP) projects. The rating would be for pre-bidding as well as post-bidding stages. Once the rating process is in place, accessing funds for infrastructure projects undertaken on a PPP basis will depend on many factors, the most important being the track record of the project sponsor in honouring operational and financial commitments.

The rating method developed by the four rating agencies Crisil, Care, Icra and Fitch will be applicable to both individual projects as well as special purpose vehicles (SPV) executing projects. The methodology will be discussed on Wednesday at a workshop organised by the finance ministry in Mumbai.

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Posted by pichu at April 25, 2007 11:27 PM