The sector did lag behind due to delay in land acquisitions and environment clearances. Political blockage, heavy interest, cost burden and working capital crisis added to the woes of infrastructure companies but with the change of guard at the Centre things are looking up.
Tag: environment clearances
Post
Post
No mine leases within 10 km of protected zones in Goa
Pertaining to iron ore mines in Goa, the Expert Appraisal Committee (EAC) will not clear the environment clearances (ECs) of mining leases lying within 10 km of protected areas until the Union Ministry of Environment and Forest (MoEF) decides on buffer zones or
Post
Highway developers may get compensation for delays
The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
Post
Highway developers may get compensation for delays
The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
Post
Govt may introduce policy for steel sector
Press reports suggest that the union government is discussing a new steel policy and it would be introduced soon in order to promote overall growth of the sector. According to reports, the new policy would address several issues including foreign direct investments (FDI), land acquisitions and environment clearances. The new policy would make sure that such problems did
Post
Govt may not able to award 9,500 km projects by Mar
The Union Road Transport and Highways Ministry is unlikely to meet the target of awarding contracts for developing 9,500 km of roads by March end in view of the economic slowdown and delays in environment clearances.
Post
Road sector’s slowdown hits construction equipment sales
Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.
Post
Infra lender faces the risk of execution and regulatory uncertainties
As the country's most experienced lead finance arranger for infrastructure projects, SBI Capital Markets, turned 25 this year, S Vishvanathan, MD and CEO, projects what
the journey for infrastructure finance and project structuring means, and says uncertainties and other hurdles are temporary in the long run.
Post
Rs 10k cr expansion stalled
Expansion projects worth close to Rs 10,000 crore have been stranded, awaiting environment clearances.
Post
Advisory council for environmental clearances
An advisory council with participation from industry has been set up to look into policy issues regarding environment clearances.