Infrastructure Projects, Transparency and Pragmatism

Even though successive governments have attempted to bring in transparency and efficiency in awarding contracts, the project awarding process in infrastructure development has often attracted judicial scrutiny. Sometimes, injunctions are granted summarily by courts even after the bidding process has been completed. If the contract agreement has been signed, the work is stalled ab-initio. If work has commenced, then timely completion is stymied and project cost balloons. Historical grounds for judicial intervention have been: acceptance or rejection of a bidder on grounds such as not depositing the bid security amount…

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Big Infrastructure Push: PM Modi Launches PM Gati Shakti National Master Plan

In his eighth Independence Day speech this year, Prime Minister Narendra Modi announced his ambitious infrastructure plan, ‘Gati Shakti.’ On Wednesday, the plan was formally launched by the Prime Minister and described it as a historic event for the country’s infrastructure landscape. “In line with our mission of Atmanirbhar Bharat, today we’re laying the foundation of the next 25 years. This masterplan will give India gati shakti in the 21st Century,” Modi said while launching the Gati Shakti Master Plan. Explaining the objective of the mission, Modi said that we often…

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My Target Is To Achieve 100 Km Per Day Of Highway Construction: Gadkari

Addressing a virtual event organised by industry body CII, the road, transport and highways minister said delays and not taking decisions is a big problem in the country. Union minister Nitin Gadkari on Wednesday said infrastructure development is very important for the country and his target is to achieve the pace of 100 km per day in highway construction. Addressing a virtual event organised by industry body CII, the road, transport and highways minister said delays and not taking decisions is a big problem in the country. ‘Infrastructure (development) is…

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Gadkari Pitches For Using RBI’s Rising Forex Reserves For Infrastructure Development

Union Road Transport and Highways minister Nitin Gadkari on Wednesday pitched for formulating a policy for using the Reserve Bank of India’s rising foreign exchange reserves for funding road projects, saying the country needs low cost finance for such infrastructure projects. Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry’s Power Finance Corporation (PFC). ‘We have a surplus of dollar reserves in the country. I have decided to talk…

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