For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
Tag: Infrastructure Today
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Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.
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Nod to projects worth Rs.1.2 lakh cr on Delhi-Mumbai corridor
Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
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Orissa highway development
Orissa is to repair its state highways at a cost of Rs 3,000 crore in the next four years. The state government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore.
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NHAI to meet banks before lending
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects.
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Rescue plan for defaulters
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.
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IDD seeks legal opinion on contract termination
The Infrastructure Development Department (IDD) of Karnataka government would seek the opinion of the Law Department on terminating the contract given to Gulbarga Airport Development (GADL) for the greenfield airport project.
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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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Tatas race for Chennai, Kolkata airport projects
Tata Group is likely to bid for 100 per cent stake in two airport projects Chennai and Kolkata airports.
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Isolux Corsan secures 6 contracts
For developing six new infrastructure projects, Spanish firm Isolux Corsan has bagged six major contracts worth Rs 1,476 crore in India, the company said.