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Wednesday, Mar 12, 2003

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Infrastructure project process set in motion

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NEW DELHI, March 11

WORK on the Rs 60,000-crore public-private initiative for infrastructure improvement efforts announced in the Budget has started in right earnest with the Government set to invite bids for eight new road projects and refurbishing of two ports - Nhava Sheva and Cochin.

The Finance Minister, Mr Jaswant Singh, announced in Parliament that the detailed project report from the eight road projects has already been prepared.

"Tenders for the projects on a build, operate and transfer (BOT) basis would be invited soon by the Ministry concerned," he said.

Global tenders would also be invited for the two ports involving a cost of Rs 7,150 crore.

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