Recent policy recalibrations are reshaping the hybrid annuity model, a distinctly Indian innovation in public-private partnership for road infrastructure. These changes aim to ensure that financially sound and technically qualified developers take the lead, setting the stage for higher construction standards and a more balanced distribution of national highway projects, says Anand Kulkarni. National highways...
Tag: Public-Private Partnership
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Fast Forwarding Bharat: The Next Leap
As India’s first bullet train line between Mumbai and Ahmedabad approaches full commissioning by 2029, momentum is building to accelerate the rollout of additional high-speed corridors nationwide, writes Manish Pant. In June 2022, high humidity, frequent rainfall, and oppressive monsoon temperatures were matched by intense backroom politics in Maharashtra’s capital, Mumbai. Nearly 40 dissident lawmakers...
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Lotus Takes Flight: Mumbai’s Aviation Horizon Expands as PM Modi Launches Navi Mumbai International Airport
The ₹167 billion Navi Mumbai International Airport (NMIA) project is expected to boost Maharashtra’s GDP by 0.5 per cent, catalyse real estate growth, and reposition Mumbai as a global twin-airport city alongside aviation hubs such as Dubai, London and New York. Putting an end to a long wait spanning nearly two decades, Prime Minister Narendra...