Tag: Public Investment Board

InfrastructureLatest Stories

Jaipur Metro Phase-II DPR Approved by Public Investment Board

JAIPUR: The detailed project report (DPR) for Phase-2 of the Jaipur Metro Rail Project received approval on Thursday during a Public Investment Board (PIB) meeting, chaired by the secretary of the Department of Expenditure in the Union Ministry of Finance. Senior officials from various central ministries were present at the meeting. With PIB’s approval, the project now advances to the next stage, where a detailed cabinet note will be drafted. This note will first be submitted to the Union Ministry of Housing and Urban Affairs for approval before being forwarded to the Ministry of Finance. Following this, the proposal will…

IndustryLatest Stories

Developers to Manage Urban Infrastructure in Major City Revamps

NEW DELHI: In an effort to address the gap between high-quality real estate projects and neglected civic infrastructure, the government will empower private developers to serve as “urban infrastructure administrators” in major redevelopment zones under the Urban Challenge Fund (UCF) scheme. This initiative allows developers to construct and maintain essential infrastructure, including roads, water supply, sanitation, and transportation. With a total allocation of Rs 1 lakh crore, this scheme aims to encourage sustainable urban development, transforming cities into vibrant growth hubs and enhancing water and sanitation systems. The housing and urban affairs ministry has informed the Public Investment Board (PIB),…