Thursday, Dec 9 2021 | Time 03:02 Hrs(IST)
Business Economy

DFCCIL comes up with new PPP variant to develop 374 kms Sonnagar-New Andal section at Rs 12,000 crore

New Delhi, Sep 23 (UNI) Dedicated Freight Corridor Corporation of India (DFCCIL) has come up with a new variant of PPP to lower the risk for concessionaires taking up the development of 374 kilometres Sonnagar-New Andal section at an estimated cost of Rs 12,000 crores.
Under the proposed Design, Finance, Build, Operate and Maintain & Transfer (DFBOT) model of Public Private Participation (PPP), the DFCCIL would provide grants during the construction period and take over the risks of traffic and tariff. It will take the responsibility of land acquisition, utility shifting and statutory clearances besides a clutch of statutory clearances.
The concessionaire would be responsible for design, construction, finance, and operations & maintenance of the project.
The DFCCIL has held three stakeholder consultations on the proposed development of the section and over 40 participants including MNCs, banks and financial institutions joined the virtual and in-person meetings. Some of the big names include World Bank, ADB, NIIF, Tata projects, Adani group, L&T, GMR group and Siemens.
"A PPP model has been formulated which is best suited and is envisaged to be a win-win situation for the concessionaire as well as DFCCIL to make the mega project, one of the first projects over Indian Railways on PPP mode, successful," said a DFCCIL note.

The success of this project will be a path breaker for similar projects on the PPP model for Indian railways.
The Sonnagar-New Andal section is expected to serve major power houses, industrial corridors and Multi-Modal Logistics Parks (MMLPs) in Haryana, Punjab, Delhi, and Uttar Pradesh.
Increasing trends in finished steel consumption and production would drive growth of steel traffic on the route.
Further, to attract more traffic and achieve targeted rail share of freight, DFCCIL plans to develop MMLPs, sidings and feeder routes for last mile connectivity along the section alignment.

More News

CII and ITC Hotels join hands with EHL group to offer Swiss Professional Diploma in Hospitality

08 Dec 2021 | 8:38 PM

Chennai, Dec 07 (UNI) In a significant initiative for skill development in Indian hospitality undertaken by industry body CII, an 18-month Vocational Education and Training (VET) Professional Diploma program by the Ecole hôtelière de Lausanne (EHL) Education Group of Switzerland will be delivered at four ITC hotels across the country.

see more..
Monetary policy remains on expected lines even with respect to reverse repo rate : Pan

Monetary policy remains on expected lines even with respect to reverse repo rate : Pan

08 Dec 2021 | 7:42 PM

Kolkata, Dec 8 (UNI) Indranil Pan, Chief Economist, YES BANK, commenting on the RBI Monetary policy, today said, " Monetary policy remains on expected lines, even with respect to the reverse repo rate. "
" RBI paints a relatively docile picture on inflation for now whilst it wants to ‘assiduously’ nurture growth to make it ‘self-sustaining’. Immediate risks to growth as seen from the Omicron is one specific factor that allows RBI to stay on a status-quo for now. RBI keeps the door ajar, but would probably be more patient on inflation being slightly on the higher side than growth on the faltering side, " he added.

see more..
Industry, market-watchers and economists welcome RBI's monetary policy

Industry, market-watchers and economists welcome RBI's monetary policy

08 Dec 2021 | 7:17 PM

New Delhi, Dec 8 (UNI) With Reserve Bank of India (RBI) continuing the low-interest regime by holding on key rates and maintaining accommodative stance, industry and policy watchers welcomed the bi-monthly monetary policy saying it is on expected lines and aimed at supporting economic recovery.

see more..

5G roll-out should be India's national priority: Mukesh Ambani

08 Dec 2021 | 6:15 PM

New Delhi, Dec 8 (UNI) Listing out five ideas to boost digital infrastructure, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Wednesday said that roll-out of 5G should be India's national priority.

see more..

Open-finance platform Fego ai raises $1 5 million seed capital

08 Dec 2021 | 6:09 PM

Bengaluru, Dec 8 (UNI) Open-finance platform on Wednesday announced raising $1.5 million seed capital from 3one4 Capital, Saison Capital, Eximius Ventures, First Cheque and Speciale Invest.

see more..