Main Features of Tariff Guidelines for Projects at Major Ports

The new guidelines for determination of tariff for projects and major ports come into force with immediate effect.  The Tariff Guidelines will have prospective effect. The projects already awarded will not be covered under the new guidelines. 2005 and 2008 guidelines shall continue to apply to projects bid under them. Tariff Authority for Major Ports, TAMP… Read More

Tags: G.K. VasanIndiaPPPPurchasing power parityTAMPTariffTariff Authority for Major PortsWholesale price index

Facilitation of harmonious substitution of Concessionaire in the ongoing and completed National Highway Projects

The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects.  This will expedite implementation of road infrastructure in the country and insulate the National Highway Authority(NHAI) from heavy financial claims and unnecessary disputes. The proposal aims at revival of the sector by facilitating substitution… Read More

Tags: Cabinet Committee of Economic AffairsCCEAConcession (contract)ConcessionairefinanceLendersNational Highway Authority of IndiaNHAIPPPPurchasing power parity

Cabinet Committee on Investment resolves bottlenecks in road development sector

The Cabinet Committee on Investment was informed today that some of the bottlenecks identified by the Ministry of Road Transport and Highways (MoRTH) for the fast-track implementation of National Highways Development Project (NHDP) have now been removed as a result of the efforts made by the Ministry.  Other unresolved issues fall in the domain of other… Read More

Tags: Cabinet CommitteeEnvironmentIndiaNational Highways Development ProjectPlanning CommissionPPPPublic–private partnership

PM directs Planning Commission to formulate Draft Bill on Dispute Resolution in Public Contracts

The Prime Minister has tasked the Planning Commission to formulate a draft Bill on Dispute Resolution in public contracts in consultation with all stakeholders and Ministries. Dispute resolution in large public contracts is an area of growing concern and the Prime Minister has initiated the first steps in improving the institutional arrangement for dispute settlement.… Read More

Tags: ContractDispute resolutionIndiaInstitutionPlanning CommissionPPPPublic–private partnershipPurchasing power parity

CCEA Approves Upgradation of Vizag Port

The Cabinet Committee on Economic Affairs has approved the project for upgradation of existing facility and creation of a new facility at Visakhapatnam Port Trust for iron ore handling in two phases on Design, Build, Finance, Operate and Transfer (DBFOT) basis at an estimated cost of Rs. 845.41 crore. The project will be taken up… Read More

Tags: Cabinet Committee on Economic AffairsDBFOTIron orePPPPrivate Public PartnershipPublic–private partnershipPurchasing power parityVisakhapatnam Port

Infrastructure Projects Debts under PPP and Model Concession Agreements to be Treated as Secured Lending

On 18th March 2013, Reserve Bank of India (RBI) has eased the norms for treating bank loans as secured finance by notifying that the debt due to the lenders in case of Public Private Partnership (PPP) projects may be considered as secured by the respective Banks to the extent assured by the Project Authority in… Read More

Tags: Concession AgreementLoanPPPPublic–private partnershipPurchasing power parityrbiReserve Bank of IndiaRun batted in

Cabinet Committee Approves Budgetary Ceiling for Annuity Payments for PPP Projects

The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (B.K. Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due… Read More

Tags: Cabinet Committee on Economic AffairsPlanning CommissionPPP

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