National Development Finance Agency Act, 2002

Functions of Agency.

3.—(1) The functions of the Agency are—

(a) to advise any State authority of what, in the opinion of the Agency, are the optimal means of financing the cost of public investment projects in order to achieve value for money,

(b) to advance moneys (including repayable loans and equity) and to enter into other financial arrangements in respect of projects approved by any State authority,

(c) to provide advice to any State authority on all aspects of financing, refinancing and insurance of public investment projects to be duly undertaken by means of public private partnership arrangements or within the public sector, and

(d) to form, or cause to be formed, companies, subject to section 5 , for the purpose of securing finance for public investment projects.

(2) The Agency shall have all such other powers as are necessary or expedient for the performance of its functions, including the engagement from time to time of consultants and advisers and other service providers.

(3) In carrying out its functions the Agency shall comply with all guidelines and instructions that the Minister may, from time to time, issue to the Agency.