New Delhi Only those public-private partnership (PPP) projects in the roads sector which have got all other clearances need to be put up before the PPP Appraisal Committee (PPPAC), the finance ministry has told the ministry of road transport and highways.

The PPP-AC, which is chaired by the secretary-economic affairs, is responsible for examining concession agreements from the financial angle, decide on guarantees to be extended, and generally assesses risk allocation from the investment and banking perspectives, before giving the nod for an infrastructure project in the PPP mode.