In order to be eligible for financing under this guideline a PPP Project shall meet the following criteria :
a. The project shall be implemented i.e. developed, financed, constructed, maintained and operated for the concession period by a Private Sector Company to be selected through a Competitive Tendering Process;
b. The Economic Rate of Return (ERR) of the project shall meet the threshold level as specified by the PPP Unit, Finance Division from time to time;
c. The PPP Project should be from the sector as stipulated in the Policy and strategy for PPP, 2010;
d. The project should provide a service against payment of a predetermined tariff or user charge.