The government will not bid out any highway project without acquiring at least 80 per cent land for it. Around 300 road projects are to be bid out within the next 5-10 years after securing all necessary regulatory clearances, the country’s road transport and highways minister Nitin Gadkari said on Wednesday.
Addressing a public-private partnership summit organised by Ficci, Gadkari said the government has decided not to float any tender without acquiring adequate amount of land for executing a project. To fast-track tendering and execution of projects, Gadkari said officials of concerned ministries need to be more responsive and work at a brisk pace.
“Time is the most important thing in infrastructure and business and delays cost the country to the tune of Rs 15 crore a day. Files are kept pending for months. I have asked highways officials to fast-track decisions and requested the Prime Minister to issue directions to all officials,” he said. The minister said he would be holding a meeting every month as per Prime Minister Narendra Modi’s direction to ensure timely clearances.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
Gadkari asked the developers to refrain from aggressive bidding for projects as had happened in the past when companies shouldered projects without due clearances and those projects failed to take off despite financial closures.
Sharing the dais with Gadkari, finance secretary Arvind Mayaram said the government is working on a sophisticated and flexible framework for the public-private partnership model to boost infrastructure development.
The flexibility is imperative to factor in changes in the circumstances that run over a period of 25-30 years, he contended. Mayaram reminded that the private sector has to share the risk associated with PPP projects, as the government alone cannot bear the entire responsibility.
“There is a need to see whether we can look at developing a framework which is going to decide what stress is, who is responsible for stress, what is causing the stress and how we deal with them?,” he said.
The proposed 3P India institution will look at issues relating to regulation, financing structures, stress in project, management of contract over a period of time and also issues relating to capacity building both in public and private sector, Mayaram said. “It will be a unique and powerful institution which will rejuvenate the entire universe of PPP which seems to be slowing down at the moment,” he added.
Finance minister Arun Jaitley, in his Budget speech, had proposed setting up of an institution to provide support to mainstream PPPs called 3P India with a corpus of Rs 500 crore.