Public-Private Partnership projects
The Narendra Modi government will re-visit the model concession agreements (MCAs) for public private partnership (PPP) projects across the sectors. This will be done in order to move from a cost-plus basis to predetermined rates while awarding contracts. This move is expected to be beneficial for the users because they will not have to end [...] Continue Reading »
The Union Budget which will be presented on July 10, Thursday will have a lot of leeway for the affordable housing segment which will give an up thrust to the housing for all by 2022 scheme. Interest rate subvention for the economically weaker section, lower income group and middle-income group homes will help India Inc. [...] 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 »
DIPP secretary Amitabh Kant stressed on the need for amending the Act, by giving justification as under the existing Land Acquisition Act, it had become “virtually impossible” to acquire land for construction of roads, ports and creating other infrastructure. He added, ever since the new Land Acquisition Act came into being, Land acquisition for roads, [...] Continue Reading »
