Cau­tious op­ti­mism

Project Monitor - - FRONT PAGE - Re­sults are yet to come. Un­der the model, a part of the cap­i­tal in­vest­ment (up to 40 per cent) will be paid by govern­ment through con­struc­tion-linked mile­stones and the bal­ance through an an­nu­ity over the con­tract du­ra­tion up to 20 years. In­ci­den­tally, th

itor, based on pol­lu­tion gen­er­ated can be im­ple­mented in cost-ef­fec­tive and com­pat­i­ble man­ner. PPP in waste­water seems like a great way ahead but there should be a clear pol­icy for treated waste­water us­age by in­dus­tries, agri­cul­ture and other non-drink­ing pur­poses. The con­tract should have well drafted pay­ment se­cu­rity mech­a­nism, clauses to pro­vide com­fort to the bankers for lend­ing and well de­fined force ma­jeure and ter­mi­na­tion clause, in ad­di­tion to above, timely ap­provals and clear roles and re­spon­si­bil­i­ties of rel­e­vant govern­ment de­part­ments.

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