In a major step to give a boost to the poor infrastructure in Goa, the Chief Minister Laxmikant Parsekar has proposed to increase the budget of the state infrastructure development corporation (GSIDC)-the special purpose vehicle for such projects-to Rs 700 crore which is almost three times of the previous year.
Tag: PPP
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Unit for handling transport logistics to be set up soon
The Indian Railways will set up a new state-owned entity, TRANSLOC, by July to handle transport logistics, a senior official said.
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Budget 2015: The chinks and the missing links
Budget 2015 echoes the need to foster the infrastructure ecosystem and outlines the policies and reforms which are expected to revive the growth of infrastructure which has remained tepid.
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Target Sustainability, Become Smart
New age concerns of resource optimization, climate change impacts, financial situation of urban bodies, etc., have given rise to new brands of cities such as green cities, eco cities, inclusive cities, resilient cities, sustainable cities and smart cities.
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Govt to establish infrastructure fund
Finance Minister Arun Jaitley proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs 20,000 crore that can be leveraged by infrastructure companies.
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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PPP model needs revamp
Restructuring of Public Private Partnership (PPP) framework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said.
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PPP model of airport development lauded
Public-private partnership (PPP) in the development of airports has been flagged as ´one of the significant achievements´ in the civil aviation sector, in the Economic Survey 2014-15. The Survey points out that the PPP model has led to a significant improvement in infrastructure and in collection of revenue.
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GVK, GMR keen on airport projects
Eight companies, including GMR Airports, GVK Group and Adani Ports and Special Economic Zone (APSEZ), have evinced interest in the government project to modernize the airports in Kolkata, Chennai, Ahmedabad and Jaipur.
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Airport, Metro projects will add Rs.1,450 crore to GDP
According to the audit by the National Council of Applied Economic Research (NCAER), big-ticket projects of airport-related infrastructure and Mumbai Metro will contribute Rs 1,450 crore in income to country´s gross domestic product during the entire construction phase (2014-15 to 2018-19).