The initiatives that will have a direct bearing on the pace of execution include awarding projects after securing 80 per cent right of way, expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, filing online for clearances to construct road over bridges (ROBs) and road under bridges (RUBs) and increasing the limit on sand mining.
Tag: ICRA Ltd
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Traction Ahead!
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
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Strengthening Infrastructure
Two-thirds of the infrastructure investment, as per the revised plan, was to be funded by the public sector (central and state governments) while the remaining one-third was to come from the private sector.
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ICRA launches new credit rating system for infrastructure
Rating agency ICRA Ltd has announced the countryĆās new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
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The Port Paradocks
Cargo growth at Indian ports was subdued in 2011-12 with total throughput registering a 5 per cent year-on-year increase to 930 million tonnes,