Odisha road, power, rly infrastructure to be made on PPP mode

The decision in this regard was taken at a meeting of the Governing Body of Odisha PPP Technical Society chaired by Planning and Coordination Minister Maheswar Mohanty.

Stating that PPP initiatives of the state government has achieved success with at least 12 projects made operational and 54 others in the pipeline, Mohanty said the focus now would be on roads, power and railway infrastructure.

"Different special funds have been created to achieve this target. These funds are Odisha Infrastructure Project development Fund, Odisha Viability Gap Fund, Project Development and Facility Fund for Road Sector and Odisha Urban Infrastructure Development Fund," the minister said.

About Rs 98 crore has been put in these funds for undertaking different technical studies, matching support to central viability gap funding, engagement of transaction advisors, conducting feasibility studies and activities, he said.

An Empowered Committee under the chairmanship of the Chief Secretary has been constituted to sanction the projects entailing investment up to Rs 500 crore. The projects entailing investment above Rs 500 crore would be considered by High Level Authority Chaired by the minister.

The 12 PPP projects which have been made operational included a port project at Dhamara, market-cum-residential complex at Sahidnagar, Bhubaneswar, AC market complex at Unit-II, Bhubaneswar, upgradation of industrial infrastructure in steel & metallurgical allied cluster at Jajpur, e-Registration system (e-dharani), etc.

Fifty four new PPP projects were approved between April, 2009 and October, 2012. These include projects under departments of urban development, health & family welfare, finance and transport.

  

image
Business Standard
177 22
Business Standard

Odisha road, power, rly infrastructure to be made on PPP mode

Press Trust of India  |  Bhubaneswar 



The decision in this regard was taken at a meeting of the Governing Body of Odisha PPP Technical Society chaired by Planning and Coordination Minister Maheswar Mohanty.

Stating that PPP initiatives of the state government has achieved success with at least 12 projects made operational and 54 others in the pipeline, Mohanty said the focus now would be on roads, power and railway infrastructure.

"Different special funds have been created to achieve this target. These funds are Odisha Infrastructure Project development Fund, Odisha Viability Gap Fund, Project Development and Facility Fund for Road Sector and Odisha Urban Infrastructure Development Fund," the minister said.

About Rs 98 crore has been put in these funds for undertaking different technical studies, matching support to central viability gap funding, engagement of transaction advisors, conducting feasibility studies and activities, he said.

An Empowered Committee under the chairmanship of the Chief Secretary has been constituted to sanction the projects entailing investment up to Rs 500 crore. The projects entailing investment above Rs 500 crore would be considered by High Level Authority Chaired by the minister.

The 12 PPP projects which have been made operational included a port project at Dhamara, market-cum-residential complex at Sahidnagar, Bhubaneswar, AC market complex at Unit-II, Bhubaneswar, upgradation of industrial infrastructure in steel & metallurgical allied cluster at Jajpur, e-Registration system (e-dharani), etc.

Fifty four new PPP projects were approved between April, 2009 and October, 2012. These include projects under departments of urban development, health & family welfare, finance and transport.

  

RECOMMENDED FOR YOU

Odisha road, power, rly infrastructure to be made on PPP mode

The Odisha government today said its focus would be on development of road, power and railway infrastructure under public-private partnership (PPP) mode.

The decision in this regard was taken at a meeting of the Governing Body of Odisha PPP Technical Society chaired by Planning and Coordination Minister Maheswar Mohanty.

Stating that PPP initiatives of the state government has achieved success with at least 12 projects made operational and 54 others in the pipeline, Mohanty said the focus now would be on roads, power and railway infrastructure.

"Different special funds have been created to achieve this target. These funds are Odisha Infrastructure Project development Fund, Odisha Viability Gap Fund, Project Development and Facility Fund for Road Sector and Odisha Urban Infrastructure Development Fund," the minister said.

About Rs 98 crore has been put in these funds for undertaking different technical studies, matching support to central viability gap funding, engagement of transaction advisors, conducting feasibility studies and activities, he said.

An Empowered Committee under the chairmanship of the Chief Secretary has been constituted to sanction the projects entailing investment up to Rs 500 crore. The projects entailing investment above Rs 500 crore would be considered by High Level Authority Chaired by the minister.

The 12 PPP projects which have been made operational included a port project at Dhamara, market-cum-residential complex at Sahidnagar, Bhubaneswar, AC market complex at Unit-II, Bhubaneswar, upgradation of industrial infrastructure in steel & metallurgical allied cluster at Jajpur, e-Registration system (e-dharani), etc.

Fifty four new PPP projects were approved between April, 2009 and October, 2012. These include projects under departments of urban development, health & family welfare, finance and transport.

  
image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard