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. Vasan, India, PPP, Purchasing power parity, TAMP, Tariff, Tariff Authority for Major Ports, Wholesale 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 Affairs, CCEA, Concession (contract), Concessionaire, finance, Lenders, National Highway Authority of India, NHAI, PPP, Purchasing power parity
CCI advises Security Agencies to adhere to approved timelines for grant of security clearances
The Cabinet Committee on Investment today directed various security agencies to adhere to the timeline of 12 weeks already approved by the Cabinet Committee on Security, for grant of security clearances for port infrastructure improvement projects. In the year 2012-13, 32 projects were awarded resulting in capacity addition of 136.75 MTPA and involving an investment… Read More
Tags: Cabinet Committee, Government of India, India, Public–private partnership, Purchasing power parity, Security clearance, Shipping Ministry
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: Contract, Dispute resolution, India, Institution, Planning Commission, PPP, Public–private partnership, Purchasing 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 Affairs, DBFOT, Iron ore, PPP, Private Public Partnership, Public–private partnership, Purchasing power parity, Visakhapatnam 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 Agreement, Loan, PPP, Public–private partnership, Purchasing power parity, rbi, Reserve Bank of India, Run batted in