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:
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Shapoorji Pallonji divests Gopalpur port for Rs 33.5 bn
15th Cement EXPO to be held in March 2025 in Hyderabad
Debt Financing: Funding Sustainable Infra
$30 trillion economy seems possible
Indian Infrastructure: Attracting World Interest
IIFCL raises Rs 1,500 crore through bonds/debentures
Metro Rail sustainability suffering from affordability & connectivity
Dr E Sreedharan, India’s ‘Metro Man’ & India’s Top Metro Rail CEOs converge in Mumbai for CW Metro Rail Conference
Road Contracts awarded drop to less than half!
Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023
Will QCBS phase out L1 for Infrastructure Procurement?
Home » Annuity-based projects to come under FRBM act
Leave a Reply
You must be logged in to post a comment.