Search Result for : Ppp Model

The Dollar Business Bureau India’s aviation and tourism industry viewed the Union Budget 2017 as pro-growth and pro-poor budget, covering a wide sphere of the industry. They, however, felt that the Finance Minister could have made substantial announcements to make these two industries globally competitive. There were some positive reactions from the industry. KPMG Partner and Head (Aerospace and Defence) Amber Dubey who said that the government’s decision to develop, maintain and operate selected AAI airports in Tier 2 cities through PPP mode is a welcome step. “It will bring in greater efficiency, best practices and accountability. Higher commercial revenues will help reduce aeronautical charges and make flying more affordable," Dubey said. On Wednesday, Jaitely in the budget speech said the AAI framework will be ...

PTI Indian Railways cannot improve its infrastructure unless it adopts innovative forms of financing and more positive collaboration with the private sector, chairman of the Banks Board Bureau Vinod Rai has said.Indian Railways' massive infrastructure programme includes redevelopment of 408 major stations through private sector participation via online auctions."Unless it (Indian Railways) can involve innovative forms of financing and more positive collaboration with the private sector, its lack of infrastructure would only increase," said Rai in a report published by the Institute of South Asian Studies (ISAS), a Singapore-based think-tank.He noted that Railways' concerted efforts in the recent past to expand, modernise, decentralise decision-making, improve efficiency, meet customer expectations, move to clean energy and introduce greater transparency through e-tendering.The rationale ...

The Dollar Business Bureau Indian Railways on Thursday launched an ambitious redevelopment project of Rs.450-crore at Habibganj railway station near Bhopal in Madhya Pradesh through PPP (Public-Private Partnership) route with a double target of offering world-class facilities to passengers and creating revenue for the state-run transporter. “Till date, Indian Railways was depending on passenger fares and freight for revenues. But now, time has come to go beyond this revenue source. The redevelopment of stations is one such source for revenue," said Suresh Prabhu, Minister for Railways at an event to mark the signing of agreement with the project developer. A consortium of developer Bansal Construction Works Pvt Ltd and Prakash Asphalting’s & Toll Highways Ltd (PATH) has formed Bansal Pathways Habibagnj Pvt Ltd ...

The PPP model of development was first coined by the Prime Minister who had sought public participation in achieving the countrys developmental goals The Dollar Business Bureau PPP will be the engine in growth in the infrastructure sector and together we will have to evolve the right regulatory framework which should be simple and predictable: Goyal   The government on Tuesday reiterated the need to restructure the public-private partnership (PPP) framework to make it more investor-friendly. PPP model has tremendous potential and the Prime Minister Narendra Modi had spoken about adding people perspective to it. So, now it has become Public-Private-People Partnership, said Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy,while addressing the Haryana Global Investors Summit on ...

The Dollar Business Bureau India needs multi-model logistics parks with increased participation from private players to reduce shipment cost of products between manufacturing and distribution locations and enhance exports, an industry body has said. “In order to compete with global market and arrest downswing in the exports, the country requires integrated multi-modal logistics parks to efficiently store, retrieve, pack and ship products across the country’s manufacturing and distribution locations in the most cost-effective way,” said the Associated Chamber of Commerce and Industry (ASSOCHAM). In India, the existing logistics facilities are developed primarily in the form of container freight stations, mega-food processing parks and free trade warehousing zones, apart from the individual development. Container train operations are dominated by a few operators with ...