Infrastructure
BMC Mumbai: Budget 2016-17 focuses on Infrastructure projects
Brihanmumbai Municipal Corporation (BMC) Municipal Commissioner Ajoy Mehta presented the annual budget 2016-17 recently. The budget focussed on the flagship schemes of the central government and large allocations were made for road projects. The budget allocated was Rs 37,052 crore for 2016-17 and Rs 1,000 crore provided for Mumbai’s Coastal Road. This includes Rs 2,806.80 […]
Union Cabinet approves Hybrid annuity model for highway projects
Union Cabinet recently approved the Hybrid annuity model for the country’s highway project. The model aims to attract private investment and reduce the risk of developers. PPP model fails to get bids for a project and developers find it difficult to complete the project on time. The Hybrid annuity model is a win-win situation where […]
