The Government think-tank NITI Aayog and Quality Council of India (QCI) on Wednesday launched the ‘National Programme and Project Management Policy Framework’ (NPMPF), envisaged to bring radical reforms in the way infrastructure projects are executed in India.
Tag: infrastructure projects
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ENFORCEMENT OF CONTRACTS Mitigating the Uncertainty
There is a silver lining here: For the past two years, the Modi government has been adopting a broad strategy to substantially improve India's dismal WB ranking for ease of doing business. Concerted efforts have been made to remove serious bottlenecks that exist in the numerous business laws and a "holistic approach"taken.
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Post Budget Analysis | Infrastructure: Railway
Higher capital expenditure outlay for the railways (increased by 11.8 per cent from 2017v18 and 22.1 per cent from 2017v18) at Rs 1.46 lakh crore to support infrastructure projects. Of this, the budgetary allocation from the government stands at Rs 53,060 crore (up from Rs 40,000 crore in 2017v18, and marginally lower than 2017v18).
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We expect 13 million ridership by 2041
Project delays, time and cost overrun in infrastructure projects, delays in regulatory approvals and contractual disputes are some of the challenges faced in implementing a project in India.
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Forget elections, fix the economy!
The economy is huffing and puffing. Its health report indicates a serious infection. The economy has been inflicted with two rounds of disruptions which have caused it to sputter; Demonetisation and GST. Before the GDP numbers were recalibrated, the GDP numbers had turned in sub six percent figures.
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We are trying to make a case for open data
development and development issues are a priority. In the last few years, the efforts have been to look at what are those path-breaking innovative ways in which system strengthening can also happen.
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‘Lenders’ concern – risky execution in highway concessions
Minimising of project execution risks and introduction of strong deterrents for non-performers are the only long-term solutions to ensure seamless funding for infrastructure projects, says Srishti Ahuja Taneja, Director, Transaction Advisory Services, Ernst & Young.
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Engineers India bags orders worth Rs 2,500 crore from HPCL
Engineers India has bagged orders from HPCL for execution of the Vizag Refinery Modernisation Project (VRMP). EIL will execute the project contract under two separate contracts, PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis.
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Infra-vestment | Follow the Money
India will need $1.5 trillion of investment in infrastructure over the next 10 years. Of this nearly $10 billion is required in sewage treatment plants. Similarly, about $8 billion is required to be invested in ensuring regular drinking water supply.
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Infra project delays cost Rs.1.47 lakh cr
Delay in regulatory approval, lack of funds and land acquisition issues are taking a toll on 115 mega infrastructure projects, which face a cost overrun of Rs 1.47 lakh crore. The projects, each worth Rs 1,000 crore or more, are part of a total 339 across sectors such as power, railway and roads, that were examined by the Statistics Ministry in August 2016.