Aradhana Bhansali, Partner-Rajani, Singhania and Partners gives us an insight into dispute resolution in FIDIC-based PPP contracts.A JV operated through the partnership of government and private sector to carry out public service or a public project
The government is in the process of finalising its policy for implementing its ambitious plan of converting 100 existing cities into smart cities. It intends to allow private sector participation in these projects on a large scale. The government is also looking at building bylaws and floor area ratio norms closely to optimise utilisation of the existing land in the country.
To get at least 47 per cent investment from the private sector during this 12th Five Year Plan (2012-17) period for construction of highways, the Union government is likely to set a stiff target for Road Transport and Highways Ministry. This is 9 per cent more than what the sector has got during the 11th Five Year Plan.
In the 14th consecutive year, the CW team stepped forward for an event that brings the construction fraternity together, while awarding promising companies that made their mark in the past year. An intrinsic part has also been to recognise and honour the ´CONSTRUCTION WORLD Man of the Year´.
The government has announced an ambitious road outlay of Rs 6.92 trillion for the development of a network covering 86,377 km by 2022. Finance Minister Arun Jaitley has reportedly said that the large amount of infrastructural spending will encourage private sector investment.