SHIPPING, INLAND NAVIGATION, AIRPORTS AND ROADS SECTOR GIVEN PRIORITY

govt of indiaINSTITUTION FOR MAINSTREAMING PPPs WILL BE SET-UP

SHIPPING, INLAND NAVIGATION, AIRPORTS AND ROADS SECTOR GIVEN  PRIORITY

The Union Finance Minister Shri Arun Jaitley, while presenting the General Budget  2014-15 in Parliament today, has proposed to set-up an institution to provide support to  mainstreaming PPPs called 3P India with a sum of Rs. 500 crore. The institution will facilitate  nuanced and sophisticated models of contracting and developing quick dispute redressal  mechanism of PPPs.

Shipping

The Finance Minister announced sixteen new port projects to be awarded this year with a  focus on port connectivity. An amount of Rs. 11,635 crore will be allocated for the development  of Outer Harbour Project in Tuticorin for phase I. SEZs will also be developed in Kandla and  JNPT. A comprehensive policy will also be announced to promote Indian ship building industry  in the current financial year.

Inland Navigation

The Finance Minister Shri Jaitley also announced a project on the river Ganga called ‘Jal  Marg Vikas’ (National Waterways-I) to be developed between Allahabad and Haldia to cover a  distance of 1620 kms, which will be completed over a period of six years at an estimated cost of  Rs. 4,200 crore.

New Airports

The Finance Minister has announced a scheme for development of new airports in Tier-I  and Tier-II Cities to be launched for implementation through Airport Authority of India or PPPs.

Roads

The Finance Minister Shri Jaitley announced an amount of Rs. 37,880 crores for National  Highways Authority of India and State Roads, out of which Rs. 3,000 crores will be spent in the  North East. He announced that during current financial year, a target of construction of 8500 kms  of National Highways will be achieved. He also announced initiation of work on select  expressways in parallel to the development of industrial corridors.