CHAPTER III

FUNCTIONS OF BOARD

14. FUNCTIONS OF BOARD:

The Board shall,-

(a) enable the private sector participation in infrastructure projects specified in Schedule-I on any of the concession agreement or arrangement specified in Schedule-II;

(b) identify suitable projects for private sector participation;

(c) under the development projects for private sector participation on its own or in association with agencies engaging in the business of project development or in pursuance of any agreement entered into for this purpose by the Government with any person;

(d) consider proposals to give exclusive rights to any person to develop project;

(e) formulate the terms of any agreement or arrangement for project development and any concession agreement for arrangements required for the implementation of projects developed under clauses (c) and (d);

(f) invite private sector participation in respect of projects developed as per clauses (c) and (d), as per the procedure laid down in this Act and make appropriate recommendations to the government in the matter;

(g) administer and manage a fund for the purpose of undertaking or assisting in project development for meeting any financial commitments envisaged under nay concession agreement or arrangement and for the performance of its other functions including its own administrative expenditure and to secure contributions to this fund in the form of share capital or grants or loans from government and other sources including bilateral and multi lateral donor agencies, financial institutions and commercial banks;

(h) advise the Government or the Government Agency on all matters of policy relating to private sector participation in infrastructure projects and their mode of implementation including issues relating to privatisation or disinvestment of the existing infrastructure assets of the public sector;

(i) co-ordinate the implementation and monitor the progress of infrastructure projects undertaken in the State of Himachal Pradesh under this Act;

(j) act as special purpose vehicle to raise resources to finance development expenditure under the state Plan on behalf of the State Government and also to discharge obligations on this account on behalf of the State Government from revenue and other receipts accruing to the state Government from such development expenditure; and

(k) perform such other functions as may be entrusted to it by the state Government by notification.

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