https://www.taxtmi.com/news?id=15518 Joint venture companies will be formed with State majority ownership and Ministry of Railways minority ownership to identify projects and financing; after funding is secured, project specific Special Purpose Vehicles will be established with the JV as a mandatory shareholder holding a minimum equity share. The Ministry will enter long term concession agreements with SPVs to govern operation, revenue sharing under existing apportionment formulae, and technical and marketing support. Project land ownership will vest with SPVs to permit commercial exploitation and improve project viability. en-us Wed, 27 Jan 2016 17:41:35 +0530 Wed, 27 Jan 2016 17:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15518 Joint venture companies will be formed with State majority ownership and Ministry of Railways minority ownership to identify projects and financing; after funding is secured, project specific Special Purpose Vehicles will be established with the JV as a mandatory shareholder holding a minimum equity share. The Ministry will enter long term concession agreements with SPVs to govern operation, revenue sharing under existing apportionment formulae, and technical and marketing support. Project land ownership will vest with SPVs to permit commercial exploitation and improve project viability. News - Wed, 27 Jan 2016 17:41:35 +0530 https://www.taxtmi.com/news?id=15518