As several of road developers are are under stress and are finding it tough to raise debt and equity to finance projects the National Highways Authority of India (NHAI) is seeking to push a relief package for road developers. The agency is looking at allowing a staggered payment which will allow developers to pay a lower upfront premium this year and instead postpone a part of the amount during the latter part of the contract period to make the projects viable.
Category: Roads & Highways
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Role of PSUs in infrastructure building
In order to sustain in their role of promoting and developing infrastructure it is imperative that the PSUs infuse state-of-the-art technology related to their lines of business while also making sufficient investments in refreshing them at regular intervals
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The worse is over and the industry is looking for upward growth
We expect better prospects for roads and power sector, provided proper support is available from government by way of single window clearances, says M Narendra, CMD, Indian Overseas Bank,
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Budget 2013: Industry reactions
Budget 2013 has been an impetus for infrastructure sector. Industry leaders welcomed the various progressive measures taken in the budget.
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A success story in demolitions
It's twilight on a rather cold day in late November as work grinds to a halt on the Pakuria Bridge. Or whatever is left of it. Since demolition work began on the 1-km bridge some four weeks ago, 30 of the 32 spans of the bridge, each spanning 26 m,
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5th KPMG-Infrastructure Today Awards 2013
"Infrastructure is the game-changer for India if we get our act right," says Kamal Nath, while addressing the top public and private sector organisations at the event.
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Rail Budget proposes Rs 633.6 bn plan outlay
An outlay Rs 63,363 crore has been proposed for 2013-14 Rail Budget which will be financed through Gross Budgetary Support of Rs 26,000 crore, RailwayĆā s Share in Road Safety Fund of Rs 2,000 crore and internal resources of Rs 14,260 crore. Highlighting the
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Infra firms seek simplified approval process
Players in the infrastructure sector urge government to simplify approval process for key projects especially in the road, mining and port segments. Highway developers suggest single-window clearance for mega road projects in order to ensure timely implementation
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Govt to extend concessions for stalled road projects
At a recent meeting between Finance Minister P Chidambaram and Road Transport Minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.
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Budget 2013-14 Reaction: Dr. Suresh Surana, Founder, RSM Astute Consulting Group
The significant thrust on "Road Infrastructure Projects" by offering various fund raising options to the industry and also an indication that 3000 kms of road projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh will be awarded in the first six months of 2013-14 is a very welcome initiative.