Project identification and prioritization

(1) The Board shall be the nodal agency to coordinate all efforts of the State Government in the identification and prioritization of PPP and other investment projects. (2) The Board shall identify, itself, or as directed or delegated by the State Government, projects that are to be developed and / or managed and / or operated in the State through PPP and / or private participation. (3) Upon receipt of the projects referred to in sub-section (2), the Board shall decide as to whether a public private partnership (PPP) project, is to be executed completely on private participation basis and / or partly / fully out of the Fund. Thereafter the Board shall: a) appoint consultant / advisor / transaction advisor for feasibility and other studies / reports / assistance required to take the project forward; b) assess project viability through formal reports and industry interactions; c) finalize the structure and other parameters for the projects; d) seek appropriate Government and respective department approvals; e) notify project inviting bids or placement of request for proposal; f) conduct pre-bid processes; g) conduct evaluation of bids; h) conduct negotiations and recommend the grant of Concession by the Board; and i) conduct post-award oversight on behalf of the respective department. (4) Upon directions of the State Government, the Board may take up monetization and divestment projects.