The Foundation of Infrastructure Research Studies Training (FIRST) hosted the 5th EQUIPMENT INDIA Annual Awards at Hotel LALIT in New Delhi on Friday 16th February, 2018.
Category: Roads & Highways
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Post Budget Analysis | Infrastructure: Road
Total budgetary allocation for the sector (including PMGSY) raised by 6.7 per cent to Rs 89,544 crore from Rs 83,900 crore in the previous year.
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IRB InfraÂ’s SPV receives Appointed Date from NHAI
CG Tollway Private Ltd., a wholly-owned Subsidiary and a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers Ltd., has received Appointed Date from NHAI for its Chittorgarh to Gulabpura six laning Highway Project.
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We need global capital for India’s infrastructure projects
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.
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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.