The Union government has stated that it won't be able to award 4,000 km of highways on 100 per cent government funding mode known as engineering-procurement-construction (EPC) during this fiscal. The Union Road Transport and Highways Ministry was pinning its hope in these contracts to push its performance this year, at a time when private investors are showing no interest.
Category: Infrastructure Finance
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Govt can’t award 4,000 km highways on EPC mode this fiscal
The Union government has stated that it won't be able to award 4,000 km of highways on 100 per cent government funding mode known as engineering-procurement-construction (EPC) during this fiscal. The Union Road Transport and Highways Ministry was pinning its hope in these contracts to push its performance this year, at a time when private investors are showing no interest.
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JNPT Chief: may invite tenders for terminal project soon
L Radhakrishnan, Chairman of the Jawaharlal Nehru Port Trust (JNPT) informed that the port authority would float new tender for the rebidding of its Rs 8,000 crore fourth terminal project next month. He said the project, which is now bifurcated into two, will increase the portÂ’s capacity by over 5.2 million stan
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JNPT Chief: may invite tenders for terminal project soon
L Radhakrishnan, Chairman of the Jawaharlal Nehru Port Trust (JNPT) informed that the port authority would float new tender for the rebidding of its Rs 8,000 crore fourth terminal project next month. He said the project, which is now bifurcated into two, will increase the portÂ’s capacity by over 5.2 million stan
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NHB expects further easing of home prices
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) opined that the trend of easing prices of housing units may continue for some time. In the national capital region (NCR), he said, price correction has happened due to over supply. Some more correction may take place in the coming days
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State FMs to meet Chidambaram on Feb 14
Finance Ministers of all the states in the country would meet Union Finance Minister P Chidambaram on February 14 in New Delhi to discuss the framework of the goods and services tax (GST). During the meeting, Chidambaram is expected to seek the nod of the state finance ministers on the framework of GST so that a broad outline of the indirect tax
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Minister suggests lenders to offload loans to IDF
Banks must hand over their loan for infrastructure projects to Infrastructure Debt Funds (IDFs) once the projects are completed so that banks can get funds to lend to fresh projects. Finance Minister P Chidambaram suggested this to banks recently. IDF provides long term finance through the lif
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State-run banks may get around Rs 200 bn from govt
Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from
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Equipment makers see early revival of infra sector
As the Union government has recently taken policy initiative and the Reserve Bank of India (RBI) reduced interest rate, there are early signs of revival in the infrastructure sector, says the Indian Construction Equipment Manufacturers' Association.
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IRB allowed to receive 49% investment from FIIs
Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde