Since builders are not coming forward due to fund crunch in the present economic environment, it is not possible to construct 20 km of roads in a day, Union Road Transport and Highways Minister CP Joshi said on January 24. Joshi said that the government's past experience says it can achieve this target only when it is in a position to award 7,000 km per year for three consecutive years.
Tag: CP Joshi
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Rajasthan Road Project
For Rajasthan, the Union Government is likely to approve a Rs 4,355-crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways, CP Joshi, said. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.
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Rajasthan to get nod for Rs 4,355 cr road project
For Rajasthan, the Union Government is likely to approve a Rs 4,355 crore project for construction of 1,300 km roads, Union Minister for Road Transport and Highways C P Joshi said on November 18. The construction of 1,869-km long roads in the state was completed at a cost of Rs 12,000 crore and work on an additional 1,243-km is underway, he said at a function in Jaipur.
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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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India to invite Chinese investments in roads
To attract foreign investment in its building programme, India is likely to invite Chinese investors to participate in the country's mega road projects, each entailing an investment of about Rs 4,900 crore ($1 billion).
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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Reasonably bid projects have an easier funding chance
Satish Mandhana, Managing Partner, IDFC Private Equity, reminds us of some basics of how finance companies evaluate NVGF projects, and denies that they are looked at any differently from VGF projects.
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