Until recently, we used to talk about the cost of funds being too high and, as you are aware, some infrastructure projects have a long gestation period. There is a period of construction and then there are cost overruns and delays.
Category: Roads & Highways
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Aren’t we forgetting something here?
The Economic Intelligence Unit, based on a report on the 'Safe Cities Index 2017,' said the global economy is projected to grow at about 2.9 per cent in 2017 as against 2.3 per cent in 2016. The report also cited India to continue to grow at over 7 per cent over the next decade.
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GovernmentÂ’s focus on road sector yields positive results: ICRA
Effective policy measures by the Government over the last 36 months have revived the Indian road sector and supporting the execution pace. According to ICRA, these include steps like awarding projects after securing 80 per cent right of way; expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, online filing for clearances to construct ROB and RUBs and increasing the limit on sand mining.
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Govt saved Rs 3 lakh crore loans to road sector turning into NPAs: Gadkari
The NDA government has managed to save Rs 3 lakh crore worth bank loans to the road sector turning into NPAs, according to the minister of road transport and highways and shipping Nitin Gadkari.
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IRB Infra’s arm achieves COD for highway project
Kaithal Tollway Pvt. Ltd. (KTPL), a Special Purpose Vehicle of IRB Infrastructure Developers Ltd., has commissioned its Kaithal – Rajasthan Border four laning highway project on 8th September 2017. With this, the project is now opened for vehicular traffic with effect from midnight 8th September 2017.
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OPERATION IN(FRA)SOLVENCY
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
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Vikram Solar opens its office in China at Shanghai
Vikram Solar Pvt. Ltd. recently announced the opening of a new office at YanÂ’an W Road HongQiao, Shanghai, China. This decision has been taken with a view to accommodate growth and leverage the regionÂ’s technology talent pool.
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Welspun Enterprises bets big in road sector, expands its portfolio
Welspun Enterprises Ltd (WEL), a subsidiary of Welspun Group, will expand its operations in the infrastructure sector by acquiring two road projects from Delhi-based MBL Infrastructures Ltd (MBL).
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Haryana CM opens up Hero- Honda Chowk flyover for public
Manohar Lal Khattar, Chief Minister, Haryana inaugurated the flyover on Monday. With the opening of this stretch, commuters can now take a direct route route from Hero Honda Chowk without passing through the Kherki Daula Toll Plaza.
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Maharashtra begins land acquisition for Samruddhi Corridor
In a major development, the first sale deed for Nagpur Mumbai Super Communication Expressway (NMSCE) has commenced.