Bihar crosses the PPP bridge

First ever PPP project worth Rs 1400 crore in the road sector

brajesh

Brajesh Kumar | June 14, 2010



Private investment has finally come to Bihar.

In first ever public private partnership (PPP) initiative worth Rs 1400 crore, a 5.5 km bridge will be built over river Ganga connecting Bakhtiyarpur with Tajpur in the state.

The longstanding jinx on investor confidence in the state was broken on Monday when HES infrastructure, a Hyderabad based company won the bid for the project.

Considering the reluctance of the private players in investing in a state that is going to have assembly elections in few months, it is a major milestone for the Bihar government.

“This was the first PPP project envisaged in the road sector, and its success was critical to the future investment,” Pratyaya Amrit, secretary, road construction department told Governance Now.

Others similar projects worth 5000 crore in the road sector are lined up and the government is hopeful that the success of the first will lead to private in others.

For the Ganga bridge project, eight leading companies had submitted the request for qualification (RSQ), and seven of them had been shortlisted by the RCD. Earlier, such initiatives never crossed the RSQ stage.

The reason for the turnaround has been the much improved law and order situation in the state in the last 4 years. Officials says Nitish Kumar government restored some semblance of governance in the state as a result of which the investments are starting to come.

Comments

 

Other News

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter