Last year, roads and highways was the "happening" sector, with a lot of hype and commendable action. Against a target of national highways that turned out to be beyond ambitious, the National Highway Authority of India (NHAI) had only completed construction of 1,156 km by December 2010 at 4.28 km per day-way less than the targeted 7 km-per-day.
Category: Infrastructure Finance
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Min okays Rs 50,000 cr electric fund
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union Finance Ministry has approved the creation of a Rs 50,000 crore National Electricity Fund for attracting investment in this area.
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Look what's not moved: The Bill on the biggest immovable
Political expediency seems to be hijacking our land acquisition laws. On the one hand, Uttar Pradesh and Gujarat have declared that acquisition can only occur by consent, and the Land Acquisition Act will not be invoked.
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There is a large gap in demand over supply of bank credit among bankable and viable projects
As the leader in a consortium lending to the Vizhinjam Seaport, State Bank of Travancore (SBT) will play a major role in Kerala’s industrialisation.
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EPC: Who should be responsible for our projects?
Although, arguably, the best method for an infrastructure project, Engineering Procurement and Contract (EPC) is still being debated for loopholes in accountability.
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Singapore investments for DMIC
Commerce and Industry Minister Anand Sharma has asked Singaporean firms to invest in India’s infrastructure sector, especially in the Delhi-Mumbai Industrial Corridor (DMIC).
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MMRDA budget approved
Maharashtra Chief Minister Prithviraj Chavan has sanctioned Rs 5,570 crore budget for Mumbai Metropolitan Region Development Authority (MMRDA) region.
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AAI raises funds for upgrade
Airports Authority of India (AAI) plans to raise Rs 1,700 crore through bonds and bank loans in the next two years to invest in upgrading 35 non-metro airports.
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IndiGo order: The best laid planes
IndiGo made history in the world of commercial aviation with the largest single firm order for big jets ever placed, but says it has not decided how it will finance the deal.
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NBP blueprint by March 31
The blueprint for the National Broadband Plan (NBP) to connect 160 million Indian households with high-speed Internet connections by 2014,will be ready by the end of this fiscal.