At least 59 mega central sector infrastructure projects worth Rs 10 billion each, have reported a cost overrun of Rs 1.36 trillion. As per Vijay Goel, Union Minister, a total of 389 mega projects worth more than Rs 10 billion including rail and road sectors were on the monitor of the Ministry of Statistics and Programme Implementation (MOSPI).

India has asked Australian Superfunds to invest in major infrastructure projects in the country.

Union minister Vijay Goel said that in the north eastern region, 44 ongoing projects totalling about Rs 500 billion have been undertaken by the NDA government.

A source from the government echoed his view and said that Japan, which is giving soft loans for the project, is increasing its funding for the project to $5 billion per year from the earlier commitment of $3 billion.

The Asian Infrastructure Investment Bank AII) is likely to invest $200 million in a fund of funds set up by India to take interest in infrastructure projects.

As a special purpose vehicle (SPV), the Indian Railway Stations Development Corporation (IRSDCL) is responsible for executing the largest transit-oriented development (TOD) programme globally for 600 railway stations.

In an exclusive interview, Najeeb Haider, Principal Strategy Officer, Asian Infrastructure Investment Bank (AIIB) tells RAHUL KAMAT about the bank’s future strategies and the key sectors for investments in India.

That’s precisely the theme of Infrastructure Today’s next edition. If readers recollect, Golden Quadrilateral, at 5,846 km, touted to be the largest highway project in India and the fifth longest in the world then took several years to complete