Public-private partnership
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 National Highways Authority of India (NHAI) has raised concerns over the road ministry’s decision to put on hold its proposal for allowing full equity divestment in public-private partnership (PPP) projects, arguing that a stressed promoter can be harmful for the project. In a letter to the ministry, NHAI has said that it had convinced [...] Continue Reading »
Eighteen states today signed agreements with the Union Transport Ministry, a move which will expedite road projects under the National Highways Development Project (NHDP) through public private partnership mode, a top government official said. On Uttar Pradesh’s refusal to sign the pact, he said, UP had agreed to sign it earlier but now they have [...] Continue Reading »
The Government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year. “We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. Road Transport and Highways Minister Nitin Gadari addressing the annual convention of Society of Indian [...] Continue Reading »
Canadian infrastructure companies have gained great expertise in the field and are very keen to participate in the many projects coming up in Andhra Pradesh in the aftermath of bifurcation. It will be mutually beneficial for local companies to tie up with their Canadian counterparts, according to Consul and Senior Trade Commissioner (South India), Stanley [...] Continue Reading »
Competition Commission of India (CCI) has cleared the proposed acquisition of Larsen & Toubro (L & T) Infrastructure Development Projects’ securities by foreign venture capital investor CPP Investment Board Singaporean Holdings 1. This is a very good news for L & T and there is a wave of cheer among the top brass of L & [...] Continue Reading »
Property registration in Uttar Pradesh is all set to go online. This move will help the property buyers a lot as now this will rid people of the rigmarole of hiring property evaluators and lawyers and waiting in long queues at the sub-registrars’ offices. They have to wait for days to get bulky registered documents. [...] Continue Reading »
During the inauguration of the connecting bridge between Sampige Metro station and Mantri Square Mall on Wednesday, BMRCL Managing Director Pradeep Singh Kharola said that this station is one of the most successful examples of Public Private Partnership (PPP) model and it would be replicated in other stations as well in the Namma Metro Phase [...] Continue Reading »
An official from the Ministry of Railways has revealed, on the condition of anonymity, that the Ministry is nearing the finalization of a scheme under which the cash surplus of the public sector units (PSUs) working under the Ministry will be used for funding railway infrastructure projects. Under the new scheme being finalized by the [...] 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 »
