Sustaining interest of private players in India’s road sector is of paramount importance. For doing so if the government needs to make some small sacrifices in the immediate future, it is indeed worth as this will reap rich dividends in the future through overall development of the economy—and tax reforms will go a long way in this direction, proposes Hemant Kanoria.
Author: admin (Infratructure Today)
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Electronic toll collection will reduce commute time
ETC at toll plazas with interoperability can help reduce peak-hour congestion on urban highways with faster automated toll collection, writes Girish Shirodkar. The Punjab & Haryana High Court opened a new chapter in the Indian infrastructure story, when on September 4, 2012 it forbade toll collection on the busy Delhi-Gurgaon expressway for a period of 15 days, later extended till September 30. Toll collection was restored on October 1 in non-peak hours and on October 8 in peak hours. This is th
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Coordinated efforts among government, developers needed
Lack of coordination between the various government agencies that are involved in the road/highway construction business and improper policy initiatives hamper the prospects of roads sector, experts feel. Private funding of infrastructure has become a mainstay of the Government of IndiaÂ’s policy towards infrastructure deveÂlopment.
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Are our Port Trusts relevant?
Private sector participation in development and operations of ports has increased considerably over the last few years resulting in a radical change in the organisational model of ports. The change has permeated to some extent into the Indian ports sector in the last decade. But not so when it comes to ports managed by the Port Trust system, writes Janaki Krishnamoorthi. The Government of India which administers the major ports has realised the port restructuring is essential to attract large
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Tariff Authority for Major Ports should be abolished
Differential tariffs for major and minor or private ports will have a debilitating impact on investment in major ports such as JNPT, says L Radhakrishnan, Chairman, JNPT, in an interview with Janaki Krishnamoorthi. Over the years, the Indian ports sector has witnessed structural changes, with state monopoly gradually giving way to greater private sector participation in port investÂment.
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The growth challenges
The growing aviation market in India demands for improved airport and allied infrastructure. Nitin Bhasin highlights the need for improved regulatory framework and long-term planning and investment to address the key challenges in the Indian airport sector.India is currently the ninth largest aviation market in the world and may be set for a transformational growth to become the
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JICA agrees to lend `200 bn for DFC
Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC) project. The agency would lend this amount under Special Terms of Economic articipation (STEP) between Japan and India. This is a soft loan with the repayment period of 40 years.
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Rs 497 bn for rural electrifi cation
Union Power Secretary P Uma Shankar informed that the Centre sanctioned budgetary support of around Rs 49,730 crore for the power ministryÂ’s fl agship rural electrifi cation pro gramme called Rajiv Gandhi Grameen Vidyutikaran Yojana during the 12th Plan. The ministry also harnessed Information Technology for ensuring quality power supply to different parts of the country, he said.
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Infra lending status for key segments
Giving a boost to key segmentssuch as roads and bridges, liquefi ed natural gas (LNG), oil pipelines, water treatment plants, telecom towers, and three-star hotels, the Reserve Bank of India (RBI) accorded them infrastructure status and paved way for them to avail easier funding from banks.
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Bankers to lend `8.3 bn for `11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karnataka. HCTL is a special purpose vehicle (SPV) formed to undertake the Hospet- Chitradurga road project by Ramky Infrastructure. The consortium of bankers comprises Axis Bank, IDBI Bank, Bank of India, IIFCL, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Central Bank of India and Oriental Bank of Commerce, Ramky Inf