As a meeting in New Delhi between the government, lenders and concessionaires could not find solutions to 10 of the 19 languishing highway projects, the road ministry is likely to restructure and rebid them.
Tag: Highway projects
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Govt´s ultimatum to road developers
Running out of patience for their ¨lack of commitment and lackadaisical approach¨, the government has warned non-serious developers and bankers of terminating highway
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Opening the funds tap
A stronger thrust on PPP projects, greater FDI and steady government support can help Indian Railways, one of the world´s largest rail networks, emerge from the rut.
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100% stake sale cleared in BOT projects
The Cabinet Committee on Economic Affairs has amended its earlier approval dated May 13, 2015, for permitting 100 per cent equity divestment after two years of construction completion for all BOT projects, irrespective of year of award.
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CCEA nod for highway projects worth Rs.5529 cr
The Cabinet Committee on Economic Affairs (CCEA) has given approval to three highway projects in Haryana, Uttar Pradesh and Maharashtra. These three highway projects with total length of more than 300 km, have an estimated cost of Rs 5529 crore.
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Recourse in a financial dry-up
In order to execute mega specialised projects, one of the important requirements is new technology equipment. DK Vyas elaborates on the financing issues in the procurement and use of such equipment. The construction industry in India is the second largest industry after agriculture
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Panel on highway projects to have five members
The government proposed committee, headed by C Rangarajan, to resolve inter-ministerial differences over the proposal to reschedule premium payments for a clutch of highway projects will have five members, say sources.
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Struggling highway projects may get package
The Union government plans to extend its rescue package to all struggling highway projects instead of the previously identified 23 projects.
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Govt proposes to cut toll tax on delayed road projects
The Union Road Secretary Vijay Chibber has said that the toll tax should be reduced on the proposed highway projects if they are delayed and there is reduction in quality of roads and also in the available space for the commuters.
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Govt mulls rescue plan for highway-project defaulters
The Union government, upset by several jammed highway projects, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties. The government's grand rescue plan, billed as a one-time measure, is in the final stages of approval and involves 23 concessionaires (the private parties) and a total project cost of Rs 34,000 crore ($5.2 billion).