Special Purpose Companies for Project Implementation
To implement the individual projects, specific Special Purpose Vehicles (SPV) could be formed, which could be entirely private sector entities, be PPP entities, or even purely public sector (central/ state government) entities depending upon the type of projects being implemented. These SPVs could be promoted either by DMICDC or by respective central/ state government agencies. However, there will be considerable savings in time in case SPVs are created through DMICDC as a number of approvals that are required for setting up of SPVs or during disinvestments in later stages can be avoided. Roles and Responsibilities of the Project Specific Special Purpose Vehicles will include design, finance, construct, operate, maintain and collect user charges/ toll, sharing revenue with the respective government agencies and transferring the project assets to the concerned agency at the end of concession period.