A smart city is not only about cutting-edge technology, gadgets guiding your lifestyle or using ICT (Information and Communications Technology) but also to string together a man-machine interaction that will drive our socio-economic engagement in the society.
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A Tidal Wave in the works!
As the stance of governance is hardening, institutions standing on weak or corroded legs, are stumbling and crumbling. After the case of corrosion of ethics in ICICI, the IL&FS too seems to have bloodied its nose by first becoming a messiah to MaytasInfra (the Satyam scam fall out) in 2009 and then several unrelated forays.
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Construction risk is higher than post-construction risk
The National Investment and Infrastructure Fund (NIIF) is planning a third fund targeting investment in greenfield projects, with a view to provide long-tenor financing. Sujoy Bose, Managing Director and Chief Executive Officer, NIIF shares some insights, particularly on the roads sector.
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ITNL to bid for projects worth Rs 40 billion
Following its parent IL&FS approving a Rs 80 billion recapitalisation plan for the company, road developer IL&FS Transportation Networks (ITNL) is planning to bid for projects worth Rs 40 billion.
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Roads on a Hot Streak
Sustained government thrust through policy changes, investments and proactive addressing of nagging issues, has placed the roads sector in what could be its best growth trajectory yet.
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Funding Not a Constraint for Road Building Programmes
In an exclusive interview to INFRASTRUCTURE TODAY, Debjani Chakrabarti, Director Highways, Ministry of Road Transport & Highways (MoRTH) elucidates some of the key funding strategies being utilised by India as a part of the country's ambitious Rs 7 trillion roads building programme.
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Low-value projects are among the most challenging
The $1billion US-based engineering and construction management company, Louis Berger, has been active in India for over 20 years. The New Jersey-based corporation is engaged in a slewof projects, including bridges, tunnels, roads, highways, railways, and transit, aviation and smart cities.
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Road Widening Under Progress
The last two decades witnessed highway infrastructure being developed on a massive scale in the country. Now the government has unveiled another huge new highway development programme (covering 83,000 km) under the Bharatmala Pariyojana, which will see a paradigm shift in highway development with focus on improving the efficiency of the national corridor and a long-term view on the highways network.
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In the HAM of a Dilemma
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.
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Remaking India
The infrastructure sector, with transportation at the forefront, is a key enabler, acting as no less than a spinal cord for any economy and India is no exception. The infrastructure sector can be referred to as a set of basic services, facilities and physical installations required for smooth functioning of quality life in a country.