GMR and GVK infrastructure companies are walking out of mega road contracts as they are unable to arrange funding for those projects, the National Highways Authority of India (NHAI) has said.
Tag: funding
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Gross NPAs of state-run banks rise
Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,
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Model agreement to protect investors’ interest
The model tripartite agreement (TA), cleared by the government for financing of infrastructure projects would secure the interest of investors, experts argue. In October 2012, the Cabinet Committee on Infrastructure cleared the model tripartite agreement whic
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Lloyds steel to get more funding from Uttam Galva
The loss making Lloyds Steel, in which Uttam Galva group acquired 58.35 percent stake recently, is set to get a further capital infusion of Rs 380 crore from the group. Agency reports suggest that the Rs 380 crore additional investment would be used to turnaround Lloyds Steel, which posted net losses of Rs 290 crore in last three financial years. Lloyds Steel has a total loan portfolio (both, secured and u
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Banks shy of funding PPP projects in highways
Reports suggest that petroleum and natural gas and highways sectors witnessed maximum number of delayed projects owing to lack of funding or issues like statutory clearaÂnces.
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PPP in rural roads and infra is our aim in 12th Plan
As PURA gains momentum, rural roads are set to rope in private participation through 'bundling' the contracts-mainly, involving longer clusters of roads and of allied activities.
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Infrascape 2012 | Urban Infra: Needed A reformed JNNURM
Implementation of reforms still lacks pace under the scheme. Inflation and reduction in induÂstrial output have deceÂlerated infrastructure reforms. Only about 70 per cent of projects have been allotted against the target.
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Infrascape 2012 | Roads: Financing will be key
Efficient technical competÂence, quality management, resÂource mobilisation and control are factors that have contributed positively to the growth of the sector. The ambitious plans for development of infrastructure of the government
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WB shows interest in MTHL
Mumbai Metropolitan Region's 22 km long Mumbai Trans Harbour Link (MTHL) project got a major financial boost when World Bank (WB) showed keen interest in funding the Rs 8,311-crore project.
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New financing tool to boost infra funding
The government is likely to clear a new financing tool, which would help infrastructure project developers access funds at a cheaper rate based on a guarantee and also free funds for banks to lend to industry and retail borrowers.