Public-Private Partnership (PPP) model
The Union Budget of 2014 maintained the government’s commitment to fiscal consolidation by sticking to a fiscal deficit target of 4.1 percent of the gross domestic product or GDP. The current year’s target does not only express the commitment to fiscal prudence but also shows the road map to reach the fiscal deficit of 3 [...] Continue Reading »
There is some true good news for the real estate industry and infrastructure industry as the government today proposed tax incentives for two new investment instruments -REITs and InvITs- . This is expected to attract long term funds from foreign and domestic investors, including the NRIs. The new investment products, Real Estate Investment Trusts (REITs) [...] Continue Reading »
In a move which is the first of its kind for the Mangalore Urban Development Authority (Muda), residential apartments will be built by Muda on the public-private partnership (PPP) model. Muda’s decision to count on the PPP model for constructing residential apartments marks the agency’s foray into a hitherto unexplored territory. According to Muda officials, [...] 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 »
The government is considering about some major moves to give an upward thrust to the infrastructure projects in the country. It is considering about allowing infrastructure players to renegotiate already bid public-private partnership (PPP) projects. Discussions have begun on creating a ‘resolution panel’ and this will include all the global best practices to provide a cushioning [...] Continue Reading »
In order to ensure that there is an increase in the number of public-private partnership (PPP) projects in the metro and rapid rail arena, the new Government plans to make the remunerative aspect of investments more lucrative by providing more viability gap funding (VGF). According to sources, the new Government is apparently planning to provide [...] Continue Reading »
Bangalore is fast moving ahead with excellent infrastructures getting launched. Garden city will soon be famous as inter-modal transport hub. The Karnataka State Road Transport Corporation’s (KSRTC) will be heading the plan and will commence within a year. KSRTC has started bids for Rs 1,500 crore project under the jurisdiction of Public-Private Partnership (PPP) model [...] Continue Reading »
