Just as with PPP projects, HAM contracts too are finding financial closure to be a challenge. Banks, especially, are wary of putting their money on developers with weak financials and lack of adequate experience. Industry insiders, however, beg to differ.
Category: Roads & Highways
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‘Lenders’ concern – risky execution in highway concessions
Minimising of project execution risks and introduction of strong deterrents for non-performers are the only long-term solutions to ensure seamless funding for infrastructure projects, says Srishti Ahuja Taneja, Director, Transaction Advisory Services, Ernst & Young.
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NHAI to float bids for monetising 10 highways
Buoyed by response from international institutional investors, the National Highways Authority of India (NHAI) plans to come out with bids for monetisation of 10 out of 75 public-funded national highway projects in the first phase.
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Nissan’s exports from Chennai plant cross 700,000 mark
Nissan India has achieved the milestone of exporting a total of 700,000 Made-in-India Nissan and Datsun cars. The milestone was achieved in a record span of seven years since the company began exports from India.
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NHAI to float bids for monetising 10 national highway projects
Buoyed by response from international institutional investors, the National Highways Authority of India (NHAI) plans to come out with bids for monetisation of 10 out of 75 public-funded national highway projects in the first phase.
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Ayush Lohia, CEO, Lohia Auto Industries
At present, demonetisation has created an unfavourable environment for the auto industry on the whole. The auto industry is pinning hope on the upcoming Union Budget 2017 as it will uplift consumer sentiment and infuse a positive environment for the auto industry, including electric vehicles.
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Pradeep Misra, Chairman and Managing Director, Rudrabhishek Enterprises Pvt Ltd
We have a lot of positive expectations from the upcoming Budget 2016-17. My thoughts are focussed on three major points - transparency on GST, encouraging the Real Estate Regulation Act (RERA), and REIT.
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Rs.2,41,000 cr for transport infra in Union Budget
The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. ´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
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Gadkari promises more roads worth Rs 50,000 crore to Arunachal Pradesh
Union Minister for Road Transport and Highways Nitin Gadkari has promised more road projects worth Rs 50,000 crore to Arunachal Pradesh that will include a 1841-km frontier highway along the stateÂ’s international boundary with China.
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NHAI eyeing 5,000-5,200 km of projects by the end of fiscal
The National Highways Authority of India (NHAI) plans to award 10-15 per cent more projects this year compared to FY16, said Yudhvir Singh Malik, Chairman of NHAI. Malik said he is looking at awarding closer to 5,000-5,200 kilometres of projects by the end of the fiscal year.