AIFF invites bids from consulting firms to manage process of awarding commercial rights.
Majority of AIFF EC members to choose between national body posts and state unit office
The All-India Football Federation has formed a three-member committee, headed by former judge Justice L Nageswara Rao, to oversee the entire tender process for selecting its new commercial partner, as per a directive from the Supreme Court.
State-run City and Industrial Development Corporation (Cidco) plans to issue a request for qualification (RFQ) for the Navi Mumbai international airport in the middle of next month.
The Securities and Exchange Board of India (Sebi) has proposed that at least 10 per cent of corporate bond market trades by foreign portfolio investors (FPIs) should be done on the request for quote (RFQ) platform. At present, most trades in the corporate bond market are over-the-counter (OTC), creating a lot of opacity. The markets regulator has been nudging debt market participants such as mutual funds (MFs), alternative investment funds (AIFs) and brokers to use the RFQ platform to boost secondary market liquidity and transparency.
Indian Railway Catering and Tourism Corporation (IRCTC) and Bharat Heavy Electricals (BHEL) are in talks for a partnership to run private trains. According to officials in the know, the two public sector undertakings (PSUs) are planning to form a special purpose vehicle (SPV) to run passenger trains on routes for which IRCTC has put in bids. "BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements," an official said. "IRCTC's business model has not been capital expenditure-focussed. It has built only operational enhancements," he added. Bids for public private partnerships (PPPs) in passenger train operations were opened last month.
The past appears to have interrupted the future of the New Delhi Railway Station (NDLS). With two protected heritage buildings sitting in the way of the plan to redevelop the railway station, officials in the know say the project may end up back on the drawing board since the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, is yet to give its approval. "A nod from NMA is awaited before going into the next phase of bids for the redevelopment of the New Delhi Railway Station," a senior official of the Ministry of Railways told Business Standard. While the Railways ministry is hopeful of getting approvals from the NMA before the end of the current financial year, there is no clarity on this yet.
The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
The estimated cost of the project is around Rs 1,642 crore.
The government is open to giving 100 per cent stake to private parties in six select airports, including Kolkata and Chennai.
The total project cost has been pegged at Rs 14,500 crore.
The project cost was pegged at Rs 4,766 crore (Rs 47.66 billion).
A slew of draft documents -- for Request for Qualification (RFQ), Concession Agreement Guiding Principles, Project Information Memorandum (PIM) along with a presentation on the salient features of the project -- for discussion on private participation in passenger trains have been uploaded by Niti Ayog on its website which outline the railways' plans of running 150 trains on 100 routes by private operators, envisaging an investment of Rs 22,500 crore.
Maharashtra government on Monday offered to provide 22.5 per cent of the developed land to those whose lands would be acquired for the Navi Mumbai International Airport project.
After the successful launch of the monorail project in Mumbai on Sunday, Tamil Nadu is gearing up to implement a similar project in Chennai.
Land acquisition issues & costs a big query; Cidco wants these fully addressed before calling preliminary bids.
Seven bidders, including Voltas, Deepak Fertilizers and Bharat Hotels have submitted requests for qualification (RFQ) to build a Rs 250-crore (Rs 2.5 billion) terminal market in Thane district near Mumbai.
Under the RFQ, companies had to initially participate in technical bids based on certain minimum criteria such as net worth, experience and so on. Only five or six companies that scored the highest on this basis were then permitted to put in financial bids.
An ambitious plan by the National Highways Authority of India to offer 126 road projects worth around Rs 1 lakh crore this year may face serious hurdles owing to a stiff clause introduced in the new Request for Qualification norms that will eliminate many bidders.
Under the new norms, if a developer is bidding for a PPP project worth Rs 500 crore (Rs 5 billion), it should have a record of executing projects worth Rs 1,000 crore (Rs 10 billion), or at least double the cost of the new project. Earlier, to qualify, a developer needed to have executed projects one-and-a-half times the cost of the proposed project in the last five years.
In a departure from its stand, the government has decided to go ahead with the privatisation of the four airports.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
Experts say Prabhu displays a clear intent of reforms but has not been able to fully shake-up the mammoth railway system.
The government-controlled City and Industrial Development Corporation (Cidco) has kicked off the tendering process for the over Rs 14,500 crore (Rs 145 billion) international airport project in neighbouring Navi Mumbai.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
Four big transmission projects went under the hammer last month.
This is the second extension for the bids since June 18.
'We are looking at a joint venture between ISRO and a few companies to assemble the PSLV and launch it from Sriharikota.' 'In a month or two, the vehicle assembly building will be ready.' 'After that, we could see 13, 14 launches a year.'
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
A ministry spokesperson said he wasn't aware of the development.
The project has been delayed by three years, after a consortium of Port of Singapore and ABG Ports, which had won the bid by offering to share more than 50 per cent of the revenue with JNPT, backed off from the project, citing several reasons.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
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