Viability Gap Fund definition

Viability Gap Fund means the fund established by the Government for purposes of compensating, on the recommendation of the Committee, the private party to a PPP agreement for any revenue shortfalls, through grants, subsidies or guarantees.

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue shortfalls through grants, subsidies or guarantees;

Viability Gap Fund or “VGF” means a fund managed by the Federal Ministry of Finance for the purpose of funding Viability Gaps in PPP projects.

Examples of Viability Gap Fund in a sentence

• The specific project activities under Component 2 sub- component 2.2 (Spatial development with the establishment of a Viability Gap Fund (VGF) are not known at the time of project preparation and therefore will require the preparation of an Environmental and Social Management Framework (ESMF).

• The CAPEX is funded under this contract is through a Viability Gap Fund (VGF) from Tender Inviting Authority.

• Notwithstanding the foregoing, if the Government elects to maintain the user fees at levels below that would ensure financial viability as described herein, then it shall compensate the Concessionaire for the difference through the Viability Gap Fund.

• Notwithstanding the foregoing, if the Government elects to maintain the user fees at levels below levels that would ensure financial viability as described herein, then it shall compensate the private party for the difference through the Viability Gap Fund.

• For such FPPs, project would help CBOs by extending grant in the form of Viability Gap Fund (VGF) up to 60 % of the project cost.

More Definitions of Viability Gap Fund

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue and human resource/ capacity/ materials shortfalls where the users or beneficiaries are not required to pay for socio-economic benefits through grants, subsidies or guarantees;

Viability Gap Fund means the fund established under section 11.]

Viability Gap Fund means the viability gap fund established in accordance with Section 19 of the PPP Act; and

Viability Gap Fund means the Viability Gap Fund established under section 22 of this Act. CHAPTER-II INSTITUTIONAL ARRANGEMENTS 3. Public Private Partnership Committee.---(1) There shall be a Committee to be known as the Public Private Partnership Committee, under the Chairmanship of Chief Minister, Khyber Pakhtunkhwa, with a mandate to promote, facilitate, coordinate, approve and oversee Public Private Partnership Projects. (2) The Committee shall consist of such number of other members as may be prescribed. (3) The Committee shall regulate its procedure in such a manner as may be prescribed.

Viability Gap Fund means the funds [or any other assets]12 from the Government which are made available to the private party [to support the Project including funds for covering revenue shortfalls through grants, subsidies, guarantees, or any other mode approved by the Board under section 22;]13

Viability Gap Fund means the funds or other assets of the Government which are made available to the private party to support the scheme including funds for coveri ng revenue shortfalls by means of grants, subsidies, guarantees, or any other mode approved by the Authority;

Viability Gap Fund shall have the meaning as defined in Clause 14.2.2