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Govt aims at PPP projects worth Rs 1.15 lakh cr

Business

Prime Minister Manmohan Singh, held a meeting last week with the finance minister, deputy chairman, planning commission; and ministers and secretaries of key infrastructure ,ministries, i.e., power, coal, railways, roads, shipping and civil aviation.

The Prime Minister highlighted the need to ramp up investment in infrastructure to revive investor sentiment. For this purpose, a target of rolling out PPP projects of at least Rs 1 lakh crore in the next six months was set. A steering group is being formed to monitor the award and implementation of projects from among the following on priority:

1) Mumbai Elevated Rail Corridor Rs. 30,000 crore

2) Two Locomotive projects Rs. 5,000 crore

3) Accelerating E-DFC Rs. 10,000 crore

4) One of the two port projects Rs. 10,000 crore

5) Two airport projects Rs. 20,000 crore

6) Power & Transmission projects Rs. 40,000 crore

Total Rs. 1,15,000 crore

It was also decided that 50 new low-cost small airports will be taken up by the Airports Authority of India. A target of eight greenfield airports in PPP mode at Navi Mumbai, Juhu (Mumbai), Pune (Rajguru Nagar Chakan), Goa, Kannur, Raigarh, Sriperumbudur, and Bellary was set.The government also decided to award two new ports approved by the cabinet on PPP mode: Sagar (West Bengal) and Durgarajapatnam (Andhra Pradesh).

The target seems too ambitious in the wake of recent failure of some big-ticket PPP projects and several difficulties faced by the government in finding the right partners.

 

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