Under pressure from banks, who are refusing to lend, state utilities are poring over the new reports by Shunglu and BK Chaturvedi Committees. Is franchise the best way forward, though? At 31 percent, the national average on AT&C losses are unacceptably high. Quantified, this amounts to nearly Rs 70,000 crore of losses, and the Finance Commission fears that this amount will rise to Rs 1.16 lakh crore by 2014-15.
Category: Roads & Highways
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GVK bags MP road project
Infrastructure major GVK Power & Infrastructure (GVK PIL) has recently been awarded the 332-km Shivpuri-Dewas mega road project in Madhya Pradesh by the National Highways Authority of India (NHAI).
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Govt to raise Rs 10K cr debt for highway projects
Through a public debt issue, India will soon raise Rs 10,000 crore ($1.9 billion) for funding its ambitious national highways project, Union Road Transport and Highways Minister CP Joshi said.
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It's not a bridge – it's a gamechanger
Mumbai Metropolitan Region Development Authority (MMRDA) recently issued Request for Quotation (RFQ) for the much-awaited trans-harbour link from Mumbai's Sewri and Nhava and Jawaharlal Nehru Ports, with further linkages to other ports.
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India's longest rail bridge
Mumbai-based AFCONS Infrastructure, which has been engaged in construction of road conÂnectivity in Kochi since 2001, has achieved the distinction of building India's longest rail bridge conÂnecting the island Vallarpadam with Idappalli in north Kochi.
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Port connectivity: The efficiency linkages
Bankers say ports are one of the best sectors to finance to. With the frenetic growth envisaged in the 2020 Agenda, port connectivity is impatiently awaited as the government works on four-lane roads and rail lines linking the gateways to the hinterland.
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Income tax holiday: Eligibility for infra developers demystified
Infrastructure developers are eligible for a tax holiday for 10 years, and the government has permitted a looser interpretation for the benefit of infrastructure. Vishal Shah and Bijal Desai refer to relevant court and tribunal cases and explain the more nebulous of the tax holiday eligibility clauses.
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Credit ratings: Need for a different rating mechanism
Conventional investment credit ratings-typically lower than desirable for infrastructure projects-constrain financing infrastructure investments in India, says Dhruba Purkayastha. So should the methodology be revisited?
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NE road projects
The Planning Commission has granted 'in principle' approval to 25 projects against the 56 road project proposals put forth by the North Eastern Council (NEC).
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Coir geo-textiles in road building
The Coir Board has got the Indian Road Congress approval for use of coir geo-textiles in rural road construction.