Metro Rail News November 2017
Monthly magazine with special focus on Urban Mobility, Metro Rail Projects, Mass Rapid Transit Systems, High Speed Rail Project, Smart Cities Projects etc.
Monthly magazine with special focus on Urban Mobility, Metro Rail Projects, Mass Rapid Transit Systems, High Speed Rail Project, Smart Cities Projects etc.
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ound of bidding in the Hyderabad metro projects<br />
serve as best examples of trial by fire. While these<br />
setbacks did not deter the development of metro<br />
rail projects in Mumbai and Hyderabad as well as<br />
other cities, an appropriate bidding framework<br />
and project preparedness would definitely go a<br />
long way in the smooth implementation of Public<br />
Private Partnership (PPP) projects.<br />
Speaking of PPP projects, the Government has<br />
made it compulsory for State Governments<br />
seeking central financial assistance to explore the<br />
possibility of having a PPP arrangement. The Policy<br />
gives an impression that the Central Government<br />
is more concerned about its money rather than<br />
the development of all types of metro projects;<br />
there is an emphasis throughout the Policy on the<br />
prerequisites of seeking central assistance. There<br />
might be a grey area where the metro project is<br />
entirely funded by the private sector or the State<br />
Government; it would appear that it is entirely at<br />
the discretion of such projects to comply with<br />
some of these requirements.<br />
While there are many questions that are yet to be<br />
answered and we use the wait and watch strategy<br />
for the bid documentation and (more) policies<br />
reforming infrastructure projects (the Public Utility<br />
(Resolution of Disputes) Bill and guidelines for<br />
renegotiation of PPP Concession Agreements, to<br />
name a few, are still in the pipeline), this Policy is a<br />
definitely a step in the right direction towards<br />
tackling one part of urban development.<br />
“<br />
Speaking of PPP<br />
projects, the Government has<br />
made it compulsory for State<br />
Governments seeking central<br />
financial assistance to explore<br />
the possibility of having a PPP<br />
arrangement.<br />
_________________________<br />
About the Author:<br />
Pooja Chatterjee is an Associate Manager at ELP and is focused on project<br />
development and M&A transactions in the energy, mining and infrastructure<br />
sectors. She graduated from Symbiosis Law School, Pune and also holds a masters<br />
degree in Energy Law and Policy from Centre for Energy, Petroleum, Mineral Law<br />
and Policy, U.K. She is also a member of the Nuclear Law Association, India and<br />
Association of International Petroleum Negotiators.<br />
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© METRO RAIL NEWS | NOVEMBER <strong>2017</strong> | WWW.METRORAILNEWS.IN
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