Based on the direction from Prime Minister Manmohan Singh, the Planning Commission will prepare the draft Bill on Dispute Resolution in public contracts in consultation with all stakeholders and ministries. In a first step to improve the institutional arrangement for dispute settlement, Singh asked the panel to prepare a draft bill to put in place a mechanism for
Tag: PPP
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Infra firms seek independent regulator for PPP projects
Reports indicate that infrastructure firms and lenders to the sector requested the government to set up an independent regulator to deal with uncertain events in the execution PPP projects. Firms and lenders want the proposed regulator to have powers to make the current agreements of the Public Private Partnership (PPP) projects more flexible to deal
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Govt may revamp MCA for road projects
Unconfirmed reports indicate that the government would revamp the model concession agreements (MCAs) for public private partnership (PPP) projects in the highway sector. It may be noted that the existing MCAs have outlived their utility and there are no provisions for addressing emerging problems in many such projects. The
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Port projects fail to attract pvt investment
Reports suggest that the union government is facing difficulty in attracting private investment in port projects. It is learnt that projects in Visakhapatnam, Chennai and Tuticorin Port Trusts have not seen a single bid coming in from the private sector in the last
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Govt takes steps to boost coal output
The union government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one of the partners in order to increase production of coal
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Experts call for mechanism to rework PPP contracts
International experts on public-private partnerships (PPP) projects suggest the government to devise mechanisms to permit contract renegotiations during the term of the concession. Experts said this at a FICCI conference on PPP held recently in Delhi. According to a study by the World Bank, 55 per cent of (PPP) contracts in the transport sector were renegotiated across the world during 1985-2000
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Political delays have made industry cautious
As India embarks on an overhaul and expansion of its passenger and freight transportation network, we look forward to being its key partner in the ever-changing railway scene.
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CII recommendations: Issues in infrastructure
In order to make the Indian infrastructure sector viable and capable, the CII has recommended on some key policy issues. The Industry body has sought that these recommended key steps will give a fillip to investment in the sector.
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Govt panel discusses PPP models in coal sector
On April 9, 2013, a government-appointed committee met for the first time to discuss various public private partnership (PPP) models in the coal mining sector. Union Coal Minister Sriprakash Jaiswal informed this in Lok Sabha recently
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Govt awarded 58 port projects in PPP mode so far
Till March 31,2013, the government awarded 58 port development projects in Public Private Partnership (PPP) mode. Of these, 29 projects have been completed, 16 are at various stages of construction and the remaining 13 were awarded during 2012-