PPP Projects News

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.

NITI Aayog has suggested that a national public-private partnership (PPP) policy be formulated regarding the objective and scope of such projects, Parliament was informed Friday.

JSW Infrastructure has an installed capacity of over 33 mt at its three ports, the Dharamtar Port near Mumbai, South West Port terminals in Goa and Jaigarh Port in Ratnagiri.

The Ordinance was promulgated for the first time in December last year.

The government on Wednesday allowed developers to exit highway projects two years after they are completed, a move that will unlock investments worth Rs 4,500 crore and provide renewed thrust to the sector.

Finance Minister Arun Jaitley said the government decided to relax certain provisions of the Act and add Section 10 A to the legislation keeping in the mind development needs of the society.

Lending her ears to the industry on problems faced by it in acquiring land, Union Minister Nirmala Sitharaman on Saturday said the government will consult all stakeholders to make the land acquisition law "an enabler, rather than a stifler".

Delays in decision-making by authorities, flaws in developer agreements and absence of a clear blueprint for highways have scuttled road sector's growth and PPP projects, NHAI Chairman R P Singh said on Tuesday.

Raising concerns over rising cyber crime cases, industry experts have suggested public-private partnership (PPP) projects to prevent data theft.

The RBI on Thursday said banks may refinance long term project loans with certain new riders including taking-over of a minimum of 25 per cent of an outstanding loan from the prior condition of 50 percent.

The Rural Development Ministry has suggested a number of amendments to the Land Acquisition Act which would water down pro-farmer provisions like mandatory consent of at least 70 percent locals for acquiring land for PPP projects and 80 percent for acquiring land for private projects.

Having already effected a steep hike, the railway budget for 2014-15 spared passengers of any fresh revision in fares and freight rates but pitched for reforms by proposing private and Foreign Direct Investment and Public Private Partnership (PPP) to meet the resource crunch.