PPP project

Bidders for infrastructure projects are in for a surprise as the government is planning to take stringent measures in shortlisting them. Such a decision was taken following aggressive bidding for a number of high-profile projects, thereby resulting in exorbitantly high user charges. Flaws in Bidding process to be ironed out: A high-level committee has been […]

The role of banks in Public-Private-Partnership (PPP) projects such as the Delhi-Gurgaon highway project and the Airport Metro express line project is under scrutiny due to continuing disputes between the associated parties. As has been alleged by government sources and industry observers, banks  have extended loans to Special Purpose Vehicles (SPV) of private firms implementing […]