Haryana government would adopt Public Private Partnership (PPP) model to develop five major roads in the state, the state Industries and Public Works Minister Randeep Singh Surjewala said. The five roads identified for the project are Bahalgarh chowk Meerut-Sonepat road, Panipat-Sonali Road SH-16, Kond-Moonak-Salwan-Assandh road till MDR border, Palwal- Aligarh Road and Karnal-Meerut Road, he said after inaug
Tag: concessionaire
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VO Port to set up second container terminal
S Natarajan, Chairman of the VO Chidambaranar Port informed that the management plans to set up a 6 lakh Twenty Foot Equivalent Units (TEU) container terminal in order raise the cargo handling capacity of the port. The terminal project may cost Rs 312.23 crore and concessionaire would offer gross revenue share of 55.19 percent. This would be the second container terminal of the port
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CCEA clears proposal to cap annuity allocation for PPP projects
The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (BK Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to a
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc
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NHAI gives more time to secure funding for highway project
Owing to delay in securing statutory clearances, the National Highway Authority of India (NHAI) allowed the concessionaire of the Kota-Jhalawar highway project in Rajasthan to take more time for financial closure. The lenders of the highway project asked for all the clearance to be on the safer side. The approvals from seve