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The Ministry of Road Transport and Highways (MoRTH) has allowed big funds and large investors to bid for build-operate-transfer (BOT) projects after some projects failed to attract private investments due to concerns over contract terms. Earlier, big funds were allowed to bid only for toll, operate and transfer (TOT) projects. The ministry has allowed sovereign wealth funds, infrastructure funds and pension funds, and private equity to bid for BOT projects under the public-private-partnership (PPP) model. In a modified request for proposal (RFP) document, MoRTH has relaxed norms for investments in such projects. The ministry came out with the modified framework after four highway projects worth Rs 22,000 crore failed to attract bids from private companies under the BOT model due to concerns over contract terms. National Highways are developed under different modes of execution, including BOT or toll, BOT (annuity), Engineering, Procurement and Construction (EPC), InvIT and Hybrid
The government on Saturday announced to provide certain data and maps from the PM Gati Shakti portal to the private sector, a decision which could help them optimize last-mile delivery services and develop infrastructure-based applications. PM Gati Shakti national master plan initiative was launched in October 2021 for integrated and planned development of critical infrastructure projects to reduce logistics costs. "For furthering PPPs (public private partnerships) and assisting the private sector in project planning, access to relevant data and maps from the PM Gati Shakti portal will be provided," Finance Minister Nirmala Sitharaman said in her Budget speech. Using these data layers like track length details, railway stations, DFC (Dedicated Freight Corridor), Good Sheds, national and state highways/ district layers, MMLPs (Multi Modal Logistics Parks), ware houses, existing airports from different ministries will help private sector to optimize last mile delivery services, ...
The government is committed to fostering public, private partnership to drive further growth in the inland water transport sector, Union Minister Nitin Gadkari said on Wednesday. Addressing the third edition of the Global Maritime India Summit via video conference here, Gadkari said several national waterways are proposed under the public-private partnership (PPP) mode. The three-day mega maritime event commenced here on Tuesday. The Minister for Road Transport and Highways said "the development of waterways is very important for the development of Bharat." "We are committed to fostering public-private partnership (PPP) to drive further growth in the inland water transport sector. Several national waterways are proposed under PPP modes. "Another major initiative, which has been taken by the government is the Sagarmala project with port modernisation and new port development, port connectivity investment, port-led industrliastion and coastal community development as its four pillar
Meghalaya Chief Minister Conrad K Sangma on Tuesday told the Assembly that despite infusing Rs 350 crore of funds, the state's oldest cement company MCCL could not be revived forcing the government to look for private investors to run it in a PPP mode. The Mawmluh Cherra Cement Ltd (MCCL) is the oldest public sector undertaking unit and is the only state-owned cement plant set up in the early 1960s (then undivided Assam) in limestone rich Sohra but has lately suffered making it a loss-making enterprise. "Since 2006 till date, Rs 350 crore has been infused into the Mawmluh Cherra Cement Limited and in the last five years alone Rs 100 crore has been infused, mostly to pay salaries and other dues," the CM said during Question Hour. "With so much investment, we are not able to revive it. For the government to continue investing in it may not be possible," he said, adding that the PPP mode is what the government is eyeing presently. Stating that the government is pushed to "look at ...