Page 2 - Ppp

Odisha notifies PPP policy to attract private investment in public infra

The Odisha government has notified a new Public Private Partnership (PPP) Policy, 2023 to attract private investment in the construction of public infrastructure. The new policy notified by the state Finance Department will be applicable to all infrastructure projects including roads, bridges, ports, railways, airports, irrigation, helipads, industrial parks, logistic hubs, water supply, power, tourism, sports, healthcare, education, and inland waterways implemented through the PPP route. The government has also made a provision for levying user fees to boost the commercial viability of the projects and the amenability of private sector participation, according to a notification. As per the policy, projects with capital expenditure up to Rs 10 crore will be approved by the director of the PPP Cell of the state government, provided that these projects do not require any assistance from the Odisha Infrastructure Development Fund (OIDF) or the state Viability Gap Funding (VGF). For it

CIAL posts record profit of Rs 267 cr, declares highest dividend of 35%

The Cochin International Airport Ltd, the first Greenfield airport setup in Public Private Partnership (PPP) model in the civil aviation infrastructure sector in the country, on Monday declared a record net profit of Rs 267.17 crore for the year 2022-23. In a statement here, the company also announced the highest dividend of 35 per cent for the last fiscal year. The Director Board meeting, chaired by Chief Minister Pinarayi Vijayan, which was held today, finalised the balance sheet and proposed a dividend of 35 per cent to the investors, subject to the endorsement of the Annual General Meeting slated to be held on September, 28, CIAL said. The company said this was the highest dividend ever offered by it in its 25-year operational history. "The board also decided to implement a development strategy accentuating its effort to increase the group turnover to Rs 1,000 crore during the ongoing silver jubilee year," the release said. Chief Minister Pinarayi Vijayan, the chairman of the

Railways may have to pump in Rs 12,000 crore for freight corridor

Had sought participation of pvt players but efforts have proved inconclusive

First 100% private-funded Gati Shakti terminal starts operations

DFCC plans to award 10 terminals by August, raise Rs 100 crore in monetisation

Centre likely to identify five coastal shipping projects for PPP in FY24

The aim is to connect vital, high-demand economic areas which have an infrastructure deficit or traditional transport like roadways and railways that have reached saturation

Ex-Pak Prez Zardari rules out possibility of contesting elections with PDM

Responding to a question regarding police's attempt to arrest Imran Khan and whether he was consulted, Zardari said, "It is the prerogative of the interior minister... why would he consult me?"

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

Railway ministry drops proposal for monetisation of stations on PPP mode

The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said. The ministry has so far raised only Rs 1,829 crore against the target of Rs 30,000 crore in the current financial year, the source added. "Likely realisation from asset monetisation of Indian Railways assets under NMP (National Monetisation Pipeline) in the current fiscal has been now estimated at Rs 4,999 crore," the source said. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran

Vizhinjam protests: FIR filed against 3,000 people; 36 cops injured

The protests are expected to cast shadow on the completion of the first phase of the project in December 2023

Space for start-ups

A Nasa-like PPP policy could make India an aerospace powerhouse

UP acquires 95% of land for 595-km Ganga Expressway mega project

The mega project is estimated to be commissioned in November 2025

Govt notifies enhanced financial support for Central, state PPP projects

Funding under IIPDF Scheme is in addition to Viability Gap Funding Scheme notified in December 2020

Colleges to be set up under PPP model in Chhattisgarh's remote areas

According to officials, the state government will provide at least 10 acres on a 30-year lease at a concessional rate of 50 per cent

Pulses, onion won't see price hike this year; have adequate stock: Govt

The all-India average retail price of onion has witnessed a significant decline of 28 per cent compared to last year

India to become world's third-largest economy by FY28, says IMF

Projected to grow bigger than Japan at $5.36 trillion

Railways to bid out 16 stations via PPP route for redevelopment purposes

The railways will bid out 16 stations, including the Anand Vihar Terminal, under the public private partnership (PPP) model for redevelopment purposes with a tender being floated over the next two months, sources said on Friday. The other stations to be redeveloped are Tambram, Vijayawada, Dadar, Kalyan, Thane, Andheri, Coimbatore Jn, Pune, Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi Hazrat Nizammuddin and Avadi. The railways plans to bid out these stations within the current year itself. These railway stations will be upgraded to ensure improved basic facilities and accessibility for passengers. Various monetisation models are being examined to encourage the private sector. As many as 199 stations with a footfall of 50 lakh per day are planned to be redeveloped in the first phase. Railway Minister Ashwini Vaishnaw at a press briefing earlier this month had said that the designs of the redeveloped stations will include a spacious roof plaza with all passenger ameniti

16 railway stations to soon be revamped under PPP model, 3 in Delhi

The decision has been taken following the plan to revamp the New Delhi and CST stations under the engineering, procurement and construction (EPC) model

Cabinet okays Rs 10,000-crore 'futuristic' revamp of three railway stations

New Delhi, Ahmedabad, and CST stations to be redeveloped under EPC model

Krsnaa Diagnostics enters B2C segment with chain of 600 diagnostic centres

Mainly a PPP and B2B player, the Pune-based chain offers disruptive pricing

Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.