Fiscal responsibility act (FRBM Act) will soon include all infrastructure projects executed through annuity payments by the government to private sector developers to ensure they do not become a big burden in the future. All central government PPP projects will be disclosed in the budget document. The Planning Commission is in favour of capping annuity payments and has already circulated a draft note in this respect. The National Highway Authority of India has to award projects worth Rs 40,000 crore on annuity basis in the current and next financial years as part of the government’s target to build 20 km of roads a day. Interest payments already account for 35 per cent of the tax revenues and the annuity variant of build-own-transfer (BOT), may lead to making future commitments that are beyond government’s means.
FlashNews:
Mumbai airport pushes towards green deployment by introducing 45 EVs
Balance of System tender floated by NTPC for wind project in Gujarat
Metro Rail needs a separate ministry: Dr E Sreedharan
The entire masterplan of MET Smart City is ready in advance
Technologies Empowering the Right Pace of Road Construction
Early completion of package-2 is a vindication of our engineering capabilities
India is going to be a growth driver for the world in coming decades
Today the road sector is much more mature and robust
Improving Pace of Road Construction
Nagpur Metro Project Phase 1
HMR is a Zero-Discharge Project that Advocates Green Mobility
Infrastructure plans in place to make Mumbai a global iconic city
India is on its way towards a growing world-class urbanisation
A Seamless Movement of People, Goods and Services
Why RRR will be the Government’s formula too in 2023
Where are the orders?
TMT Rebar Report to be launched on 10th February 2023 in Delhi
Delhi to host 6th MAKE IN STEEL Conference & Awards on 10th February 2023
Mumbai to host METRO RAIL CONFERENCE on 20th January 2023
Home » Annuity-based projects to come under FRBM act
Leave a Reply
You must be logged in to post a comment.