Business Standard
Sunday, Nov 22, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:

Infrastructure experience must for PPP project bids
Press Trust of India / New Delhi June 21, 2009, 14:47 IST

Petroleum and natural gas companies without any experience in executing infrastructure projects will no longer be able to bid for projects under the public private partnership (PPP) model.

 
 
Related Stories
News Now
-WBTIDC to issue LoI for Rs 130 cr PPP project
-Rs 17,935 cr Pune Metro Rail on similar lines to DMRC: Report
-Bardhaman health city to come up in PPP mode
-Rockworth to invest Rs 80cr in Sri City SEZ
-Despite hardsell, Brand UP has few takers

In its new pre-bidding guidelines for PPP projects, the Finance Ministry has removed petroleum and natural gas from the definition of core sector, which could be awarded PPP projects.

Now, the core sector would include metro rail and logistics park instead of petroleum and natural gas.

This means that petroleum and natural gas companies which do not have experience in core sector-- telecom, power, ports, airports, railways, industrial parks, metro rail, logistics park, irrigation, water supply, sewerage and real estate development-- would not be able to compete for PPP projects.

"Definition of PPP and core sectors has been modified... to exclude petroleum and natural gas and include logistics park and metro rail," the guidelines on Request for Qualification (RFQ), that amended norms issued in 2007, said.

Sources said petroleum and natural gas companies were also bidding for infrastructure projects without any experience in executing such projects.

So, guidelines have been amended to allow only those companies having experience in infrastructure projects to compete for PPP projects, the sources said.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- Spectrum is a tax riddle, says PwC
- Bajaj to ramp up Pulsar production
- Five of top-10 cos lose Rs 24k cr; RIL on top slot
- ICICI, Infosys among best firms for nurturing talent
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Kurbaan could be Karan Johar's first flop
- Ambani Jr, Brad Pitt join hands for sci-fi film
- HAL to invest Rs 25,000 cr in next 10 years
- We are not trying for a monopoly: HAL chairman
- A golden lining seen in silver prices
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback