Media reports indicate that the finance ministry allowed sovereign wealth funds to invest in debt instruments floated by state-run companies. It may be noted that the government allowed 13 state-run firms to raise around Rs 48,000 crore by selling tax- free bonds in 2013-14. The fund would be used for infrastructure such as roads, ports and power plants
Tag: infrastructure
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Land acquisition in progress for DMIC project
Minister of State for Commerce & Industry, EM Sudarsana Natchiappan, informed the Rajya Sabha that the process of land acquisition is in progress for the Delhi Mumbai Industrial Corridor(DMIC) Project. DMIC project consists of various infrastructure projects for development of new industrial cities in the DMI
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Ennore Port to select contractor for $210 mn project
Ennore Port is in the process of selecting a contractor for the construction of a $210 million multi cargo terminal with a quay length of 270 m. The port, which is is the first Corporatised Major Port under the management control of Ennore Port (EPL), received 11 initial bids from private groups for the project. The scope of work of the project, namely Ennore Port multi cargo terminal will broadly include: design, finance, cons
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Ministry denies restructuring for all road developers
Union finance ministry opposed the idea of the roads ministry to provide blanket relief to road developers who are suffering from financial crisis. Recently, the finance ministry received proposals from the roads ministry for restructuring the amount owed to the government by road developers
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Ministry denies restructuring for all road developers
Union finance ministry opposed the idea of the roads ministry to provide blanket relief to road developers who are suffering from financial crisis. Recently, the finance ministry received proposals from the roads ministry for restructuring the amount owed to the government by road developers
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Minister rejects rumours on UN advice for PPP projects
Planning Minister Rajeev Shukla denied rumours that the United Nations suggested India to avoid public-private partnership (PPP) model for developing infrastructure. It may be recalled that a recent study by the UN found that PPP model for infrastructure sector need not lead to improved disaster risk assessment and man
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Ministry sends proposal for infra status to housing sector
Minister for Housing and Urban Poverty Alleviation Girija Vyas informed that the proposal to assign infrastructure status to affordable housing sector was sent for consideration of 'Institutional Mechanism (IM) under the Harmonised Master List of Infrastructure sub-sectors'. The IM was constituted by the Ministry of Finance to consider assigning 'Infrastructure Status' to Affordable Housing Sector. The minister said this in reply to a question in th
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Govt takes steps to weed out issues in infra sector
A Planning Commission official informed that the government has taken several steps to issues in the implementation of PPP projects in road and other sectors. In an interview to a leading media, the official elaborated that the government brought road projects outside the ambit of the Indian Forest Act, 1927, following a Supreme Court order. Also, construction com
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277 central sector projects face delay
Minister of State (Independent) for Statistics and Programme Implementation Srikant Kumar Jena informed Lok Sabha that the ministry monitors 569 central sector projects costing Rs 150 crore and above. He further informed that of these 569 projects, 277 are running behind schedule as on June 1, 2013. These projects are delayed because of law and order problems, delay in land acquisitions, rehabilitation and
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Rs 100 bn sea link project finds no taker
Despite the 20 per cent viability gap funding offered by the government, no private player is ready to bid for the 22-km trans-harbour sea link road project connecting New Mumbai to Sewri. This is because infrastructure developers feel that the Rs 10,000-crore project is unviable as it involves high finance costs and lack of liquidity