The Union Road Transport and Highways Minister Oscar Fernandes has said that he expects road projects worth over Rs 1 lakh crore, which have been stuck for long, are to start moving from next month as a concrete decision on the rescheduling of premium paid by developers is expected by the end of this December.
Tag: GMR
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Adani, 17 others vie to operate Ahmedabad airport
Ahmedabad-based Adani Ports and SEZ is among the 18 companies in the race to operate Sardar Vallabhbhai Patel International Airport in the city. Along with Adani, the city-based Sadbhav Engineering and a host of other players including GMR, GVK, and Japan´s Toyota Tsusho India have filed the request for qualification (RFQ) document. On 19 November, officials of the Key Infrastructure Development (KID) cell of the Airport Authority of India held talks with representatives of 10 bidding companies
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Adani, 17 others vie to operate Ahmedabad airport
Ahmedabad-based Adani Ports and SEZ is among the 18 companies in the race to operate Sardar Vallabhbhai Patel International Airport in the city. Along with Adani, the city-based Sadbhav Engineering and a host of other players including GMR, GVK, and Japan´s Toyota Tsusho India have filed the request for qualification (RFQ) document. On 19 November, officials of the Key Infrastructure Development (KID) cell of the Airport Authority of India held talks with representatives of 10 bidding companies
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Govt to attract foreign firms to build roads
The Union government is to hold road shows in countries like China and Australia in the next few months to attract foreign companies to take up road construction projects in the country. Road developers in India like GMR, GVK, L&T are staying away from bidding due to fiscal constraints and land acquisition problems.
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Making the right noises
Will the proposed Dispute Resolution Bill enhance or stymie the negotiating power of infrastructure developers? While the Planning Commission has articulated a clear need for a new law that addresses the typical infractions that occur between public
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Contract renegotiation may be a reality
The government is considering the introduction of a force majeure clause in public-private partnership projects to allow renegotiation of contracts to revive private participation in infrastructure development and salvage some big-ticket projects.
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IIFCL-UK sanctions credit to Indian infra projects
In the United Kingdom (UK), Indian government-owned Infrastructure Finance Company (IIFCL-UK), the London arm, has sanctioned credit for a slew of power projects in the country. The projects that have received Board sanction of the London arm on October 10 include GMRÂ’s power project at Chhattisgarh, the Shishir Bajaj GroupÂ’s power project at Lalitpur and the port component of the Pipavav project.
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Rescheduling for road projects cleared
The Union Cabinet Committee on Economic Affairs (CCEA) has cleared premium rescheduling of road projects (means, postponement of premium payments by highway developers) and referred the matter to a panel for fine-tuning. The move could help infrastructure majors such as GMR and GVK whose projects were facing delays on account of high premium.
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Planning Commission, NHAI differ over Rs 6000-cr project
The Planning Commission is not in favour of the National Highways Authority of India's insistence of rescheduling the premium of Kishangarh-Udaipur-Ahmedabad highway project. The Planning Commission is of the view that NHAI should go for re-bidding of the Kishangarh-Udaipur-Ahmedabad project in the wake of GMR walking out of it.
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Partnership through duress
Our roads sector wants to go cool, and with good reason. Minister CP Joshi will be on Google Plus Hangout on 29 March; National Highways Authority of India (NHAI) has taken another step towards its private partners.