The Union Government, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties.
Category: Roads & Highways
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JNPT road project approved
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union Government. The road project involves a total expenditure of Rs 1,943.37 crore.
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Nod to lease out land for projects at major ports
The Union Cabinet has approved a proposal to license land to developers of projects at four major ports under public-private partnership (PPP) mode to strengthen the ports' capacity. It cleared one project on lease basis for setting up a cement bagging plant at Cochin Port.
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Govt to run 20 airports under PPP mode
The Union Government has decided to operate, manage and develop 20 airports across the country through public-private partnerships (PPP), including Chennai and Kolkata
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Domino effects of stuck cash
NPAs are at best symptomatic of a deeper problem among infrastructure projects in particular, among those on public-private partnership (PPP).
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There is no alternative to PPP
There are few people in the seats of power who're more convinced about PPP than Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India. In a freewheeling interview and a mood for candour,
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NHAI seeks control of Gurgaon expressway
The National Highways Authority of India (NHAI) has sought the Centre to allow it to take over the poorly run Gurgaon expressway from the concessionaire. NHAI has also supported the public's demand of doing away with toll collection on the expressway.
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Nashik civic body to concretise 11 main roads
In Nashik city of Maharashtra, 11 selected roads with heavy traffic density are to be concretised to reduce maintenance works and increase travel comfort on the roads. The Nashik Municipal Corporation (NMC) has undertaken the process for concretisation work on the 11 roads.
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CCEA may reschedule Rs 98K cr NHAI premium
The Union government may consider to reschedule premium payment worth Rs 98,000 crore to be paid by private road concessionaires to National Highways Authority of India (NHAI) for 23 road projects. The Cabinet Committee on Economic Affairs (CCEA) would soon to consider a proposal in this regard.
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Navi Mumbai’s two key roads to get flyovers
The Mumbai Metropolitan Regional Development Authority (MMRDA) will construct flyovers on Palm Beach Road and Thane-Belapur Road in Navi Mumbai to decongest traffic on the two main roads. This was stated by the Maharashtra State Chief Minister Prithviraj Chavan.