Chief minister Digamber Kamat, who also holds the finance portfolio, said that state budgetary resources can meet requirement of mere 30 to 40% of the investment required for infrastructure creation.
Goa government will rely on the public private partnership (PPP) model to boost Gross State Domestic Product (GSDP) growth in the state, chief minister Digamber Kamat said.
Kamat, while presenting the budget on Thursday, said PPP will make up for the huge requirement for capital investment in the state and will aid to sustain 12 to 14% GSDP.
Kamat, who also holds the finance portfolio, admitted that the state budgetary resources can meet requirement of mere 30 to 40% of the investment required for infrastructure creation.
"Rest will have to come from private sector," he added.
Kamat said that state wants to develop two minor ports on PPP basis for the purpose of handling cargo and cruise (ship) berthing.
The annual budget presented this week said that cargo handling and cruise berthing has tremendous potential for revenue generation.
It has proposed infrastructure development fund worth Rs50 crore which will be exclusively used to study the feasibility of PPP projects proposed by various departments of the Goa government.
"For a successful PPP, the projects need to be bankable, economically and financially viable and needs to be conceptualised in detail at the preliminary stage itself," Kamat said on the floor of the house.
"Proper planning and study can make critical difference between failure and success (of the projects)," he added.
The Goa chief minister said that the state government will form a PPP cell, which will get the studies done through national and international experts and advise the departments on the technical, economic, environmental and social impact of all such projects.
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