The Maharashtra cabinet on Tuesday approved a new public-private partnership (PPP) policy aimed at streamlining infrastructure development across the state. Under the framework, all PPP projects valued above Rs 25 crore will require clearance from the cabinet sub-committee for infrastructure, chaired by Chief Minister Devendra Fadnavis. Projects costing below Rs 25 crore will be approved by a committee led by the chief secretary.
As part of the policy, the cabinet sanctioned a pooled fund of Rs 200 crore to serve as a viability gap or feasibility gap fund for PPP initiatives. Ongoing projects, however, will continue to be governed by the terms and conditions specified in their existing concession agreements and tender documents.
The cabinet also approved the creation of a dedicated PPP unit under the planning department, along with similar units in other departments based on operational needs. In addition, a PPP cell will be established within the Maharashtra Institute for Transformation (MITRA) to support implementation and coordination.
Officials stated that the policy is intended to mobilise capital and skilled manpower to accelerate infrastructure development and strengthen the state’s economic growth. An administrative structure will be developed to ensure the timely execution of projects undertaken through the PPP route.
The decision aligns with the Maharashtra 2047 Vision Document, approved by the cabinet on October 28, 2025. The document outlines 100 initiatives and sets a target of expanding the state’s economy to one trillion dollars by 2029. Several projects are currently underway, and additional infrastructure initiatives are planned in the coming years.
Given the scale of investment required and the need for efficient resource utilisation, the government has emphasised the importance of implementing projects through structured PPP mechanisms, leading to the formulation of a formal state policy.
Source: The Times of India
