Public private partnership (PPP)
Odisha is looking for strategic investments worth INR 5, 000 crore in the public infrastructure segment, through carefully tailored partnerships between the government and private players. Odisha chief minister Naveen Patnaik has set a target of INR 5, 000 crore with regard to investments in the public infrastructure space in the state. This will be [...] Continue Reading »
The Real Estate (Development and Regulation) Bill will not seek to strangulate the sector, Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu said on Friday. The proposed Bill, which aims to protect consumer interest and introduce standardisation in business practices and transactions in the sector, will be presented in the Winter Session of [...] Continue Reading »
The smart cities project is a long-term plan and expecting results overnight will be immature, Union Urban Development Minister M. Venkaiah Naidu said here on Friday. He indicated a larger, dominant role for the States in the project with the Centre playing only a supporting role. Naidu said that contrary to popular perception, the project [...] Continue Reading »
Ever since the NaMo government has taken charge in the center, the media is buzzing with the news of 100 smart cities. The government had announced a plan to develop 100 smart cities to provide better amenities in the urban areas and develop the tier II and tier III cities to reduce the load from [...] Continue Reading »
Presenting the Budget 2014-15 on Thursday, Union Finance Minister Arun Jaitley announced a number of steps which will fast-track infrastructure projects being developed via public-private partnership (PPP) process. Giving infrastructure in PPP a notable push in the Budget, Jaitley drew attention to the fact that PPP has effectively delivered iconic infrastructure – including highways, ports [...] Continue Reading »
Arun Jaitley, the finance minister did the curtain raiser for the budget though the Economic Survey FY14 in the Parliament. The government is all set to provide boost to the farming sector, infrastructure financing, energy and taxation. Leading by example, Jaitley may announce a central goods and service tax (CGST) that combines excise duty and service [...] Continue Reading »
The National Democratic Alliance (NDA) government is trying to restructure the infrastructure investment so that the failure of contracting parties in meeting their contractual obligations can be prevented. Lower-than-expected demand for services and a sharp rise in input costs were cited as the main reasons behind the inability of contracting parties to meet their obligations under [...] Continue Reading »
Mark Pierce, Australian consul general to India, has said in a recent statement that Australia is keen on partnering with India for exploring new operation fields in different sectors of infrastructure. The statement was made by Pierce at a one-day international seminar on ‘public private partnership‘ (PPP) model and infrastructure projects. The seminar was held [...] 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 »
