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:
Shell plans to acquire 100% stake in Actis for over $1 billion
Why Green means Money
ReNew signs five PPAs to supply 1,500 MW power from solar plants
DLI to offer logistics services at Integrated Logistics Park in Anekal
Mumbai-Ahmedabad Bullet Train project picks ups pace
Scatec ASA aims hydropower assets in India
BSUL invites proposals for solar projects in Jalaun Park
Essar Ports Vizag Terminal held largest dry bulk vessel
Pralhad Joshi: thermal power plants hold 22 MT coal, enough for ten days
Coal demand expects to grow in India: Coal Ministry
Chhattisgarh Govt grants Parsa East & Kente Basan license to mine coal
AAI: Indigo uses new satellite-based tech to land passenger aircraft
Aviation Ministry expects 100 mn passengers traffic this year
Atal Tunnel wins ‘Best Infrastructure Project’ award in New Delhi
NABARD approves five road projects for Sirmaur district
Gadkari lays foundation for 17 highway, CRIF projects in Telangana
RLDA to redevelop Delhi’s 2 stations into world-class rly station
States, UTs surpass 2022 renewable energy goal of 175 MW
E-NEXCO India rolls out E-NEXCO Eye for road network survey
Home » Annuity-based projects to come under FRBM act
Leave a Reply