"The total investment made under the PPP mode in road construction sector till December 2017 is around Rs 73,845 crore," MoS Road Transport & Highways Mansukh L Mandaviya told Lok Sabha in a written reply.
To ensure uniformity and level-playing field across various operators, the government, in its newly-announced civil aviation policy, said the future tariffs at all airports will be calculated on a hybrid till basis, unless otherwise specified for any project being bid out in future.
Asking investors to change their perception about pubic-private-partnership (PPP), the Road Transport and Highways Minister said all problems pertaining to the mode have been addressed and this year seven projects worth Rs 11,500 crore have already been awarded in contrast to a nil last year.
AAI has initiated various steps including development of cargo activities, enhancement of non-aeronautical revenue through revision of rates and awarding of contracts through master concessions, to make loss-making airports viable and profitable.
In a major push to infrastructure sector, the Union Cabinet will consider tomorrow a proposal to set up two big ports with an investment of Rs 16,000 crore, a step being taken after a few decades.