The Govt. of Andhra Pradesh has shown keen interest in increasing private sector participation in the development of infrastructure facilities in the State. In the past decade, it has built a proven track record in Public-Private-Partnership (PPP) mode of development in Infrastructure projects in various sectors.
The recognition of the need to rope in private sector as development partners led the Govt. of Andhra Pradesh to create the Infrastructure Corporation of Andhra Pradesh Ltd. (INCAP) on 31st May, 2005, as a part of the Department of Infrastructure and Investment. INCAP was envisaged to expressly increase the pace of infrastructure development by assisting the setting up and development of Public Private Partnership Projects in the State. It is designated to don the multiple roles of a Developer, Advisory, Financier and Manager as needed and to render a full range of services in every phase of project development, from their inception to the completion.
Andhra Pradesh Infrastructure Development Enabling Act, 2001 enables the creation of Special Purpose Vehicles that will provide much needed impetus to infrastructure investment in the State and accelerate the rate at which such infrastructure is put in place. INCAP aims to enable socio-economic progress and all round development of the State through development of Infrastructure under PPP route.
The activities of the Corporation include development, facilitate, advisory services, monitoring, finance and arrange finance for various infrastructure projects. The Corporation runs in a commercial format.
INCAP proposes to cover infrastructure sectors including but not limited to the following: