PPP
For someone who is on the road a lot, Virendra Mhaiskar doesn’t come across as travel-weary. That is probably because the soft-spoken entrepreneur from Maharashtra loves the outdoors and can’t stay away even though it means spending most of his time away from home. The 43-year-old chairman and managing director of IRB Ifra, who has [...] Continue Reading »
The draft of the new bill on land acquisition was released by Rajasthan on Monday. The draft retains a few aspects of the previous Congress-government version and has eased up and scrapped several key components. The new bill has done away with the clause to seek consent from the landowners for infrastructure projects undertaken by [...] Continue Reading »
The government on Monday said that it has shifted its focus to the EPC (Engineering, Procurement and Construction) route for road building. This happened at the backdrop of the developers not showing interest in the PPP (Public Private Partnership) mode. There were 21 projects bid under PPP and they did not receive favourable responses from the [...] Continue Reading »
The government wants to give a thrust to the nascent municipal bonds market. It has identified it as one of the ways to raise finances for infrastructure, including creation of 100 smart cities proposed in the FY15 budget. A government official mentioned that the government has options like PPP (Public- Private Partnership), infrastructure bonds, etc. [...] Continue Reading »
The Road Transport and Highways Ministry apparently wants that concrete cement should be used in place of bitumen, in fully Government-funded projects and public-private partnership (PPP) road projects. Towards that end, the Ministry is reportedly mulling the option of making the use of concrete cement obligatory as part of the bid for such projects. The [...] Continue Reading »
All the eyes are on the current budget as after a few years of slow economic growth and poor GDP, the industries and the general public is looking at the maiden budget of the Modi led government with a lot of expectations. The finance companies and analysts are speculating that the infrastructure sector is expecting a [...] Continue Reading »
The Narendra Modi government is all set to change the face of the nation by improving the infrastructure, roadways and transportation. They first want to clear the backlog of stalled projects within the next 2 years and then start building new roads at a rate of 30 kilometres per day. Right now the average construction [...] Continue Reading »
When India’s capital was given the Delhi Metro, it completely changed into the fast-paced city that you see today. India’s financial capital is gearing up for a similar change with the forthcoming Versova Andheri-Ghatkopar (VAG) corridor commissioning of the Mumbai Metro. The PPP initiative from a major French transportation company, Veolia, and Reliance Infra is [...] Continue Reading »
‘’Acche Din Ane Wale Hain’’ (The good days are here) was the main mantra of the BJP campaign. Looks like the CM of Uttar Pradesh Akhilesh Yadav has taken it seriously and has planned to set up low cost hospitals at all districts of U.P under Public Private Partnership (PPP) model. In a meeting held [...] Continue Reading »
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
