Mumbai: The state cabinet on Tuesday cleared the public-private partnership (PPP) policy, under which projects worth more than Rs 25 crore will have to be cleared by the cabinet sub-committee for infrastructure headed by chief minister Devendra Fadnavis. Projects which cost less than Rs 25 crore will be approved by a committee headed by the chief secretary.The cabinet also approved a pooled fund of Rs 200 crore as a feasibility gap fund for PPP projects. However, the ongoing projects will have to be completed as per the terms and conditions of their concession agreements and tender documents.The cabinet also approved setting up a PPP unit under the planning department and units in other departments as per their requirements, and the setting up of a PPP cell in the Maharashtra Institute for Transformation (MITRA).These policies will provide capital and skilled manpower to boost the development of infrastructure in the state and give a boost to the economy, officials said. The administrative framework will be developed for the timely completion of infrastructure development projects.The state cabinet has approved the Maharashtra 2047 Vision Document developed in its meeting on October 28, 2025. This vision document includes 100 initiatives. The aim is to take the state’s economy to one trillion dollars by 2029.For this, many projects are underway in the state and new projects will be undertaken in the future. However, huge investment and efficient use of resources are required to develop infrastructure. For this, projects need to be implemented through the PPP model, resulting in an official policy from the state.
