Share on LinkedInShare on LinkedIn

ARTICLE · 01 MAY 2015

PPP In The Rail Sector - Challenges For Modernizing India’s Rail Network

CMS INDUSLAW
Explore more from CMS INDUSLAW

Back in February this year, India announced an ambitious rail budget, proposing to invest almost USD 16 billion in rail projects over the coming year.

IndiaTransport
Ran Chakrabarti
Ran Chakrabarti
Author LinkedIn connections

1. Introduction

Back in February this year, India announced an ambitious rail budget, proposing to invest almost USD 16 billion in rail projects over the coming year.1 Previously, in December 2014, it had further liberalized the sector to permit foreign direct investment of up to 100 per cent across a range of rail assets, including the construction, operation and maintenance of high-speed, suburban and freight corridors, signaling and infrastructure projects and the manufacturing and maintenance of rolling stock.2

What opportunities does this open up for the private sector and more importantly, will the private sector consider the terms and risk allocations in this sector predictable enough to invest or lend?

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Termination, Recovery & Damages – Lessons From FW Aviation v Vietjet

The dispute in FW Aviation (Holdings) 1 Limited v VietJet Aviation Joint Stock Company1 has been decided through three substantial judgments of the English Commercial Court (“English Court”). Together, they address whether the aircraft leases were validly terminated, sums payable as a result of termination, and the extent to which damages could be claimed for losses arising from the condition, detention and delay in eventual export of the aircraft.
IndiaTransport
Tuli & Co
Tuli & Co
Article

Aircraft Repossession vs Going-Concern Value: How India’s New Insolvency Framework Changes The Position Of Aircraft Lessors

Airline insolvency presents a particularly difficult problem for insolvency law because the assets most critical to keeping the airline operational may not belong to the airline at all. Aircraft are frequently held under operating leases. When an airline enters insolvency, therefore, the resolution professional (“RP”) may be required to preserve the corporate debtor as a going concern while the aircraft lessor seeks to enforce its contractual and international-law rights to recover possession of its aircraft.
IndiaTransport
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

Setting Up An MRO Facility In India

Opening an aircraft maintenance facility in India requires navigating three parallel regulatory tracks that operate on different timelines: airworthiness approval from the DGCA, land and airside access from airport operators, and duty treatment from customs authorities. This comprehensive legal guide examines the statutory framework under the new Bharatiya Vayuyan Adhiniyam 2024, the CAR-145 organization approval process, airport land allocation challenges, customs duty exemptions, and the state-level clear
IndiaTransport
Maheshwari & Co. Advocates & Legal Consultants
Maheshwari & Co. Advocates & Legal Consultants
Article

Aircraft Maintenance Reserve Clauses That Prevent Costly Redelivery Disputes

Aircraft maintenance reserve clauses and redelivery conditions are the two provisions most likely to trigger multi-million dollar disputes at the end of an aircraft lease agreement. This article examines the mechanics of Maintenance Reserve Funds, explores escrow versus lessor-retained custody structures, and provides detailed guidance on drafting quantified redelivery conditions that eliminate ambiguity when exposure is highest.
IndiaTransport
Maheshwari & Co. Advocates & Legal Consultants
Maheshwari & Co. Advocates & Legal Consultants