Maharashtra Government Seeks Private Sector Boost for Infra Projects
ECONOMY & POLICY

Maharashtra Government Seeks Private Sector Boost for Infra Projects

The Maharashtra government has unveiled plans to significantly increase private sector participation in infrastructure development across the state. This initiative is part of a broader strategy to accelerate infrastructure projects and improve the state's economic growth and urban development.

Under this new approach, the government will invite private companies to invest in and manage a range of infrastructure projects, including roads, bridges, and public transportation systems. The move is expected to address the growing demand for high-quality infrastructure and streamline project execution by leveraging private sector efficiency and innovation.

Maharashtra?s Infrastructure Development Department is preparing a series of public-private partnership (PPP) projects aimed at attracting substantial investments. By involving private entities, the state government hopes to enhance project funding, management, and operational efficiency, thereby expediting development timelines and improving service delivery.

This shift towards increased private sector involvement is also anticipated to create job opportunities and stimulate local economies. The government will provide various incentives and support structures to make these projects attractive to investors, including favourable policy frameworks and risk-sharing mechanisms.

The state's approach aligns with national trends encouraging private sector engagement in infrastructure. Maharashtra's initiative reflects its commitment to modernising its infrastructure and fostering sustainable economic growth through collaborative efforts with the private sector.

The Maharashtra government has unveiled plans to significantly increase private sector participation in infrastructure development across the state. This initiative is part of a broader strategy to accelerate infrastructure projects and improve the state's economic growth and urban development. Under this new approach, the government will invite private companies to invest in and manage a range of infrastructure projects, including roads, bridges, and public transportation systems. The move is expected to address the growing demand for high-quality infrastructure and streamline project execution by leveraging private sector efficiency and innovation. Maharashtra?s Infrastructure Development Department is preparing a series of public-private partnership (PPP) projects aimed at attracting substantial investments. By involving private entities, the state government hopes to enhance project funding, management, and operational efficiency, thereby expediting development timelines and improving service delivery. This shift towards increased private sector involvement is also anticipated to create job opportunities and stimulate local economies. The government will provide various incentives and support structures to make these projects attractive to investors, including favourable policy frameworks and risk-sharing mechanisms. The state's approach aligns with national trends encouraging private sector engagement in infrastructure. Maharashtra's initiative reflects its commitment to modernising its infrastructure and fostering sustainable economic growth through collaborative efforts with the private sector.

Next Story
Infrastructure Energy

Indian Airports Shift to Green Energy with Solar Power

India is leading a solar revolution in aviation, with more than forty-four airports operating fully on renewable energy as of mid-2023. Over one hundred and twenty airports are expected to become carbon-neutral by 2025, marking a major shift in sustainable infrastructure.The movement began with Cochin International Airport, the world’s first fully solar-powered airport in 2015. Its solar farm has grown from twelve megawatts to fifty megawatts, producing over seventy million units annually and offsetting more than 1.5 million tonnes of carbon dioxide. This success has inspired similar initiat..

Next Story
Real Estate

ED Searches 13 Locations Linked to Illegal Buildings in Vasai

The Mumbai Enforcement Directorate (ED) searched thirteen locations in Vasai and Virar linked to builders involved in constructing 41 illegal buildings on a 60-acre plot earmarked for public projects. These premises were connected to those responsible for unauthorised constructions in the Vasai-Virar Municipal Corporation (VVMC) area.The 41 illegal buildings were demolished by VVMC over twenty-two days earlier this year following Bombay High Court orders. The ED’s probe began after multiple first information reports by the Mira-Bhayandar police related to the illegal constructions.The ED fou..

Next Story
Real Estate

RERA Orders Builder to Refund Buyers for Project Delay in Telangana

The Telangana Real Estate Regulatory Authority (TGRERA) has ordered R Homes Realtors Global LLP to refund six buyers for delays in completing a residential project at Beeramguda. The buyers had booked flats in Jai Vasavi’s ORR Heights in 2021, paying over Rs eight million.The builder promised construction would start by January 2022 and flats would be handed over within thirty months of approvals. However, even after more than two years, only initial digging work was done. The builder changed building plans from five floors to nine without informing buyers or obtaining consent.RERA found tha..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?