The Andhra Pradesh Infrastructure Development Enabling Act, 2001.
The Govt. of Andhra Pradesh has shown keen interest in increasing private and Govt. to Govt. (G to G) participation in the development of infrastructure facilities in the State. In the last one decade, it has built a proven track record of Public-Private-Partnership (PPP) Projects, Joint Ventures (JV) and infrastructure projects in various sectors including Information Technology, iotechnology, Ports, Power, Tourism, Roads etc.
The recognition of this need led the Govt. of Andhra Pradesh to create the Infrastructure Corporation of Andhra Pradesh (INCAP) on 31st May, 2005, as a part of the Department of Infrastructure and Investment working directly under the super vision of the Hon'ble Chief Minister. INCAP was envisaged to expressly increase the pace of infrastructure development by assisting the setting up and development of Private public Participation projects in the State. It is designated to don the roles of a Developer, Advisory, Financier and Manager,and to render a full range of services in every phase of project development, from inception to completion.
AP IDEA 2001 will enable 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 will thus enable socioeconomic progress and all round development of the State under PPP route.