According to Venkaiah Naidu, Minister for Urban Development, the government intends to develop 100 cities into smart cities to begin with over a period of five years.
Tag: PPP
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Railways require capital infusion
S C Agnihotri, Managing Director, Railway Vikas Nigam Ltd (RVNL) points out that infusion of private capital in augmenting infrastructure can break the vicious cycle of poor productivity, underinvestment and poor realisations in Indian Railways
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Constructing path for infrastructure development
The Securities and Exchange Board of India (SEBI) has approved new norms for issuance and listing of municipal bonds or Muni bonds on stock exchanges. The decision will help raise funds for infrastructure projects and the government´s smart cities initiative.
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We need USD 200 bn a year for infra
Union Minister of State for Finance Jayant Sinha said that infrastructure development was a national priority and the country needs funds upto USD 200 billion
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Rs.8.5 lakh crore plan is for decongestion of network
Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
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Pvt cos taking huge interest in projs: Smart City Council
The government is moving faster to boost its urban development mission as it plans to splash a whopping Rs 98,000 crore. Today, the cabinet has approved the creation of 100 smart cities with an outlay of Rs 48,000 crore. The projects will be completed by 2022 under the public-private-partnership model.
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Piping hot
During the Eleventh Plan period (2007-2012), domestic players exceeded the planned capital expenditure outlay. They invested Rs 2,751.6 billion, 120 per cent of the planned target of Rs 2,289.9 billion.
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Private players should infuse Rs.50,000 cr
At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.
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Committee to Review PPP cell in Rlys
The Ministry of Railways has decided to constitute a Committee headed by Ajay Shankar, IAS (Retd.), former Secretary, Department of Industrial Policy & Promotion (Govt. of India) to review the existing Public Private Partnership (PPP) Cell in the Railway Board.
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Kerala signs 41 PPP projects
The agreements for 41 projects worth Rs 1,702 crore to be taken up in the public private partnership (PPP) mode in 28 municipalities and three development authorities across the State were inked under the Partner Kerala Mission.