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The platform is owned by GeM SPV (Special Purpose Vehicle) which is a 100 percent Government-owned, non-profit company under the Ministry of Commerce and Industries, Government of India. [4] GeM is a contactless, paperless and cashless online marketplace that replaced the Directorate General of Supplies and Disposals (DGS&D) in 2016.
In 2012, Shapoor Mistry announced that the Group had plans to invest in a deep-sea port, an IT park, hydro electricity and construction of roads and night shelters for the poor in West Bengal. [22] In 2012, Shapoorji Pallonji Ports Pvt Ltd was planning to build Simar Port in Gujarat with SPV name Simar Port Private Limited. [23]
Rail Vikas Nigam Limited (RVNL) is an Indian central public sector enterprise (PSU) which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast ...
Construction was financed with a US$100 million (R1 billion) bond special purpose vehicle (SPV) on the Johannesburg Stock Exchange. [ 3 ] [ 13 ] [ 14 ] The project is owned by Soitec (20%); the Public Investment Corporation, which is the South African Government's employee pension fund (40% through a preferred share structure ); Pele Green ...
Chennai Metro Rail Limited (CMRL), a SPV was established in December 2007 as a joint venture between the Government of India and Government of Tamil Nadu, and is headquartered in Chennai. [ 4 ] [ 5 ] In June 2015, commercial operations of the Chennai metro started and the first phase was completed by February 2019.
[6] MADC decided in October 2013 that it would develop Boramani airport by forming a special purpose vehicle (SPV) in the form of joint venture company (JVC) with the Airports Authority of India (AAI). AAI will have a 51 per cent stake in the JVC, while MADC will have 49 per cent.
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [1] [2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [3]
SPV can refer to the following: Sardar Patel Vidyalaya, a school in Delhi, India; Service for Poland's Victory, a Polish WWII resistance organization; Budd SPV-2000 ...