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As a special purpose vehicle (SPV), the Indian Railway Stations Development Corporation (IRSDCL) is responsible for executing the largest transit-oriented development (TOD) programme globally for 600 railway stations.
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Policy actions to revive stalled projects, expedite approvals, introduce hybrid annuity and toll-operate-transfer (TOT) models in highways, and sustain rapid growth in renewable capacity augur well for the infrastructure financing landscape.
With an outlay of Rs 1,773 for the year 2017û18, the government has set the ball rolling for the port sector. To promote port-led development in India, Rs 600 crore has already been allocated for the Sagarmala Programme.
Construction workers in the North Eastern states are being trained to handle equipment used in the construction sector under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
With 59 special purpose vehicles (SPVs) in place, India's Smart Cities Mission is now ready to take off. With more than 15 tenders coming in every month, winning cities have made sure their envisaged plans are on track, albeit at a slow speed.
It was 6.15 pm with 15 minutes to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.
The Centre has stated that the Prime Ministers of Australia and India have made skill development a priority area of engagement in multiple sub-domains such as skill delivery, quality assessments and creation of transnational standards to ensure international mobility of India’s workforce.