In the Union Budget speech for the year 2009-10, the Honorable Union Finance Minister stated “To stimulate public investment in infrastructure, we had set up the India Infrastructure Finance Company Limited (IIFCL) as a special purpose vehicle for providing long term financial assistance to infrastructure projects. We will ensure that IIFCL is given greater flexibility to aggressively fulfil its mandate. Takeout financing is an accepted international practice of releasing long-term funds for financing infrastructure projects.

Financial viability support mechanisms help governments with limited budgetary resources and insufficient capacity deliver much-needed infrastructure and services. As these mechanisms channel public sector resources, they ensure that PPP programs are attractive to private financing and investments. This exploration of financial viability support mechanisms spans the globe, offering analyses, case studies, and data critical to improving the practice of PPPs.