APMDC Suliyari coal upcoming auction 1,00,000 MT for PAN India MSMEs on 21st April 2025 @2520 per MT

APMDC Suliyari coal upcoming auction 1,25,000 MT for MP MSME on 04th April 2025 , 05th May 2025 , 06th June 2025 @2516 per MT /at Latest CIL/NCL Notified Price

Notice regarding Bidder Demo dated 03.04.2025

Login Register Contact Us
Welcome to Linkage e-Auctions Welcome to Coal Trading Portal Welcome to APMDC Suliyari Coal

Coal news and updates

CAG pulls up Railways over PPP projects

24 Jul 2014

July 24: The Comptroller and Auditor General (CAG) of India, a constitutional body, has pulled up Indian Railways (IR) for low returns and/or losses incurred in eight public private partnership (PPP) projects taken up to increase connectivity to select ports and industrial belts.

The CAG report, which was tabled in Parliament on July 17, cites deficiencies in selection of private equity partners, wrong assessment of internal rate of return (IRR), loss of revenues, inordinate delay in completion, non-execution of traffic guarantee agreement, among others.

“IR did not adopt the Model Concession Agreement prescribed by the Planning Commission for execution of PPP projects in the infrastructure sector. IR framed the Concession Agreement on trial and error basis, resulting in deficiencies in project management,” the report points out.

The Railways executed eight PPP projects since 2000 through special purpose vehicles (SPVs) and one special purpose company (SPC) in collaboration with private partners.

These include Pipavav Rail Corporation Ltd, Kutch Railway Company Ltd, Haridaspur Paradip Railway Company Ltd, Krishnapatnam Railway Company Ltd and Angul Sukinda Railway Ltd.
The PPP projects were taken up in view of Railways’ declining share of freight and inadequate funds availability.