CA Ranganatha Achar K
Quick Summary
Introduction When I was doing my CA Articleship in the year 1990, I clearly remember the then Railway minister Late Sri George Fernandes laying the first foundation of the construction of the Udupi-Mangalore line in the first phase of construction of the Konkan railway through the SPV known as KR
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FAQ :
A Special Purpose Vehicle (SPV) is a separate legal entity created to undertake a specific project, like the Yamuna International Airport Limited (YIAPL) for the Noida International Airport, to manage its construction and operations.
Large infrastructure projects are often financed through Public-Private Partnerships (PPP), where private companies collaborate with government entities. Banks also play a crucial role by providing significant financial commitments and facilities.
A Project Management Consultant (PMC) is responsible for extensive groundwork, including preparing Detailed Project Reports (DPRs), monitoring construction phases, and liaising with various authorities and contractors.
The 'Build, Operate and Transfer' (BOT) model, used for the Noida International Airport, means a private entity constructs the project, operates it for an agreed period, and then transfers it back to the government.
Airport revenue can come from various sources including user development charges, terminal rental fees, commercial operations, cargo services, landing and parking charges, and fuel throughput charges.
Infrastructure projects contribute significantly to the economy by creating jobs, improving connectivity, facilitating trade, and ultimately becoming profitable ventures that generate substantial revenue in the long run.
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