PM seeks Rs. 1.15 lakh cr investment in infrastructure, targets 60 new airports
New Delhi: In a bid to ramp up investor sentiment, Prime Minister Manmohan Singh on Friday set an investment target of Rs. 1.15 lakh crore in PPP (public private partnership) projects across infrastructure sectors in rail, port and power in the next six months.
The proposals include Mumbai elevated rail corridor (Rs. 30,000 crore), two international airports in Bhubneshwar and Imphal (Rs. 20,000 crore) and power and transmission projects (Rs. 40,000 crore).
"50 new low cost airports will be taken up by Airports Authority of India (AAI)," a PMO release said. The release also mentioned "8 Greenfield Airports to be awarded this year in PPP mode".
The government has proposed 60 airports in total, which includes 2 international airports, 50 low cost airports and 8 Greenfield airports.
RBI Chief Raghuram Rajan stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the Rupee's fall is yet to kick in.
Date 11-12-13, Duration 2:19, Views 40