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Road developers must pay entire premium before completion: Rangarajan

Thursday, 12 December 2013 10:18 administrator
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The Economic Times           12.12.2013

Road developers must pay entire premium before completion: Rangarajan

One of the proposals made by the Rangarajan panel is that 75 per cent of the premium amount payable to the government will be restructured in the first three years of the contract.

NEW DELHI: Road developers should be asked to submit the entire premium amount three years before the completion of full contract, a panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan has recommended

According to sources, one of the proposals made by the Rangarajan panel is that 75 per cent of the premium amount payable to the government will be restructured in the first three years of the contract.

"The entire premium amount will have to be paid by the highway developer three years prior to the completion of the contract," sources said.

The Rangarajan panel is likely to submit its report to the Finance Ministry at the earliest.

The sources, however, did not divulge any further information on the submission of the committee's report.

The panel was tasked with formulating the guidelines and the task of implementation will rest with the NHAI ( National Highways Authority of India).

The panel also has representatives from Ministry of Finance, Road Ministry and Planning Commission.

It was constituted after the Cabinet Committee on Economic Affairs cleared the Road Ministry's proposal for rescheduling the premium of highway projects.

At present, companies pay some amount of premium to the government in the first year of the project which keeps increasing in the subsequent years.

The move was proposed against the backdrop of some private infrastructure firms pulling out of road projects due to delays in regulatory clearances like land acquisition and environment clearances.

 

Govt, civic body identify areas for hawker rehab

Thursday, 12 December 2013 10:14 administrator
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The Statesman           12.12.2013

Govt, civic body identify areas for hawker rehab

Darjeeling, 12 December  -  In a bid to reduce crowd congestion in some busiest roads of Darjeeling created mainly by the street hawkers, the district administration and Darjeeling municipality today made a first step of identifying locations to permanently relocate the hawkers.

The plan is to rehabilitate more than 200 hawkers of the town established for more than 30 years, the administrator pointed.

 

VMC to act on old buildings

Thursday, 12 December 2013 09:38 administrator
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Deccan Chronicle           12.12.2013

VMC to act on old buildings

Picture for representational purpose only.
Vijayawada: Owners of old buildings in the city will now have to obtain a structural stability certificate and submit it to the Vijayawada Municipal Corporation to save the structures from being demolished within a week. 

Municipal commissioner C. Harikiran told this newspaper that the corporation has identified over 180 dilapidated buildings in the city and has started issuing final notices to the owners.

He said that the owners should come forward voluntarily to demolish their buildings or produce a certificate certifying the stability of the building. “The owners should get the certificate from certified engineering experts. The test costs around Rs 20,000,” Harikiran said.

The municipal commissioner said the town planning officials were planning to act immediately keeping in view safety of the public. “The municipal officials will conduct physical verification of the buildings at first and issue notices to the owners. If the owners fail to respond, the officials will resort to demolishing dilapidated structures.”

A majority of the old buildings are in I-Town, Gandhinagar, Governorpet, Suryaraopet and other commercial areas.

As many of the owners have rented the buildings for commercial purposes, they are not willing to repair them, for years altogether.

It may be noted that an old building collapsed recently when the owners are carrying out repairs to the building, resulting in the death of three persons in I-Town.

Following the tragedy, the officials have identified old structures and dilapidated in the city as directed by the municipal commissioner.

However, the officials are not ready to bear the cost of the demolishing, as the municipal corporation is facing a financial crisis. They are keen that the owners bear the expense.
 
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