The Central Government has notified a system for appraisal/approval of projects to be undertaken through Public Private Partnership (PPP). The Public Private Partnership Appraisal Committee (PPPAC), with Secretary (Economic Affairs) as the Chairman and Secretary (Planning Commission), Secretary (Expenditure), Secretary (Legal Affairs) and Secretary of the Department sponsoring the project as members has been set-up with the objective to fast track the appraisal and approval of PPP projects of all sectors, where the capital costs or underlying value of the assets is Rs. 250 crore or more or under NHDP where the capital costs or underlying value of the assets is Rs. 500 crore or more. This compendium brings together the guidelines notified by Government of India for the formulation, appraisal and approval of central sector PPP projects.