When times are tough, it's time to soften up. But while banks need to be supportive to the industry in difficult times, they are not geared up to involve themselves at a pre-project stage, says RK Dubey
Category: Roads & Highways
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Signature Bridge
After being put on the backburner for some time, the Signature Bridge will come up over Yamuna river. Now a Chinese company, Jiangsu Steel Structure, a sub-contractor of Gammon-Construtora- Tensacciai JV, has been given the task of fabricating the 15,000 tonne steel pylon and deck girders.
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The price of PPP
Everything about public-private partnership (PPP) in infrastructure is mega-scale, including the concession period, the commitment period, and the price of a failed project.
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A PPP expert
Pranab Majumdar, the General Manager and Head-BOOT Business Segment, VATech Wabag, is currently assigned as General Manager and Business Head of BOOT/PPP Segment in Water and Waste Water India and Global.
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ADB Lends $300 m for Highway Project in Bihar
The Asian Development Bank (ADB) and the Central Government signed an agreement for $300 million in additional loan to upgrade 254 km of severely deteriorated highways in northern and southern Bihar.
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Timor-Leste to Develop Port
The Government of Timor-Leste (GoTL) is seeking to develop Tibar Bay Port. It is planning to invite private sector participation to enter into a PPP arrangement for the project.
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NHAI cancels road projects due to delay
The board of National Highways Authority of India (NHAI) cancelled three road projects which have seen no progress in implementation despite being awarded. The authority decided to cancel at least five such projects including the above three projects.
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Srei scouts for distressed projects
Srei Group is planning to acquire distressed assets in power and road sectors. The company is interested in assets which have already undergone a credit restructuring or lenders or promoters are ready to exit
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Centre clears 1.1 lakh cr big ticket infra projects
In a big relief to investors, the Union Government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances.
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East-West Corridor project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana said the four laning of the entire length of East-West Corridor has been completed except 195 km under implementation and 232 km balance for award.