PPP model News

This will be applicable when big railway stations will be equipped with all modern facilities under the redevelopment project through private players The major stations expected to be covered under the redevelopment project are Mumbai, Jaipur, Habibganj, Chandigarh, Nagpur, Bijwasan, and Anand Vihar The ministry has chalked out a plan to redevelop major stations with modern and passenger facilities on the Public-Private Partnership model

Aiming at a major push for infrastructure, the railways will raise Rs 35,000 crore with World Market assistance to create a separate fund for investment in rail sector.

In the first phase of the project, Dak Bungalows in Ajmer, Bharatpur, Jaipur, Jodhpur, Bikaner, Alwar, Bhilwara, Jaisalmer, Mount Abu and Nathdwara will be developed in PPP model, a statement quoting PWD minister Yunus Khan said.

Moody's Investors Service on Thursday said PPP model in India's infrastructure needs to be developed further to attract more private investment for the sector that would help propel growth.

A PPP model that aligns private incentives with long term service delivery in the vein of the Build-Own-OperateTransfer/Build-Operate-Transfer models of implementation be the preferred means of implementation, said the regulator.

A committee on reviving PPP model has suggested the government should encourage development of infrastructure sectors, including airports, ports and railways under the public private partnership mode by ensuring easier funding for projects with long gestation period.  

Railway Minister Suresh Prabhu on Saturday called upon industrialists here to come forward for the development of railway stations on PPP model and assured them of full assistance from his ministry.

These centres would be on the PPP model and initially Rs 200 crore would be allotted for setting them up, particularly in districts, he said. He added that the Government wants to make the MSME sector competitive through technological innovation.

Sinha said what the world has learnt in the last few years was reverse public-private-partnership

According to Naidu, the smart cities would be developed through public-private participation (PPP) model. The central government, state government and the urban local bodies would collaborate in developing the smart cities.

Union Urban Development Minister M Venkaiah Naidu said here Monday that the union government is not in a position to make all investments for smart cities and hence the public-private partnership (PPP) route would be necessary.

"The roadmap for next four-five years is being readied and we will present it within two months," he said at the rail infrastructure summit organised by the PHDCCI here.

Somasundaram said the present PPP model, developed during 2005 and 2008, is suitable for airports in metro cities.

Government on Wednesday said its ambitious Smart City project will be developed with active private participation and some hilly regions will be part of the scheme.