Visakhapatnam Port Trust (VPT) mandated Rites to study the revenue sharing model for the proposed Rs 634-crore second container berth project at the port. VPT roped in Rites to suggest a revenue sharing model because it is not satisfied with the revenue share offered by Visakha Container Terminal Private Limited (VCT
Tag: public-private partnership
Post
Post
Maharashtra govt frames new PPP policy
The urban development department of the Maharashtra government framed a new policy in order to address issues, such as settling of claims and risk-sharing, arising out of delays in PPP (public private partnership) projects projects. The draft policy has been forwarded to the finance department for modifications. The policy was framed in order to rule out the possibility of disputes at a later stag
Post
Odisha govt to develop critical infrastructure
Odisha Chief Minister Naveen Patnaik informed that the state would focus on developing critical infrastructure mainly electricity, roads and water to ensure faster and balanced socio-economic development. He said this after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia to finalise the annual plan outlay for the state
Post
Quick and comfortable
Quicom is a Transit-Oriented Development project, one of the largest unsolicited business model proposal for Mumbai to redevelop all 114 railway stations across local railway network under Public-Private-Partnership (PPP) mode.
Post
NHAI not in favour of PPP mode for road projects
Media reports say that the National Highways Authority of India's (NHAI) plea to the government to improve financing provisions for highways project has not worked so far. Recently, 19 high projects were bid out, but there were no takers and NHAI now believes that conditions for public-private partnership (PPP) projects are not right.
Post
Jamshedpur’s key road project to begin on PPP model
In Jharkhand's Jamshedpur, the Eastern Road Corridor Project would soon begin on a public private partnership (PPP) with Jharkhand government and Tata Steel as participants. The State Chief Secretary RS Sharma, who chaired a high-level meeting comprising officials from both the State government and Tata Steel major in Ranchi, said the project should start soon in the industrial city to ease traffic with Ranchi and other neighbouring states, the release said quoting him.
Post
Ennore port may award Rs 14 bn project before Dec 2013
Unconfirmed media reports indicate that Ennore Port
expects to award the contract for its Rs 1,407 port-cum-terminal project before December and the project may be completed in 30 months. The size of the terminal has been revised from the earlier 1,000 metre to around 750 metre, reports suggest. At its recent board meeting, the port decided to a float fresh tender for the
Post
Federation suggests ports to avoid PPP projects
Water Transport Workers Federation urged the Chennai Port to develop the proposed mega container terminal of its own instead of awarding the project to a BOT or PPP (public private partnership) operator. This is one of the demands made by the federation in its representation submitted to the Union Shipping Secretary recently. The other demands include full budgetary support for the development of the outer harbour project at VOC Port
Post
Govt to set up mechanism for dispute resolution in PPP projects
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
Post
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