Underground works in urban areas are the need of the hour. Mostly, all the cities in India are developing their underground metro transit systems, but Delhi is the first city to initiate this level of development and tops the chart. Phase-III of DMRC envisages 140 km of metro systems, out of which 50 km is underground.
Tag: infrastructure projects
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EPC contracts: a bird’s eye-view
India, being one of the major developing economies, has seen significant growth in the infrastructure sector in the last few years. Such infrastructure projects usually require expertise and specialised resources in specific arenas within the project, mooting for the parties to enter into Engineering Procurement and Construction (EPC) contracts.
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Stakeholders have now started shifting towards value-consciousness from price-consciousness earlier
India aspires to be the hub of global manufacturing and it is doing everything in its power to make it happen. Many major infrastructure projects are announced, set within time-lines and budgets.
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The future in India seems challenging, yet promising
Firstly, while the global market remains volatile and has an impact on the Indian economy, India is expected to retain a growth rate of 7.3 per cent for FY 2015-16, as per the International Monetary Fund (IMF).
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Rs.50,000 cr projs sanctioned for TN
The Centre had sanctioned Rs.50,000 crore for infrastructure projects in the State, said Union Minister of Road Transport, Highways and Shipping Nitin Gadkari.
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India Infrastructure Summit
The seventh edition of the event will bring together various stakeholders in a dialogue designed to address key challenges and issues. India´s growing population and expanding economy have put immense pressure
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Chinese cos keen to invest in infra
Chinese firms are looking to invest in India´s infrastructure projects, a senior government official said.
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Signing of MoU between IIFCL and PFS
India Infrastructure Finance Company Ltd. (IIFCL) and PTC India Financial Services Ltd (PFS) signed a Memorandum of Understanding (MOU) at IIFCL New Delhi, expressing the intent of both parties to strengthen cooperation in co-financing or consortium financing of various infrastructure projects through working together by joint pooling of respective complimentary resources.
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Project indemnity could boost infra investment
Emerging economies are heavily investing in infrastructure development for a positive economic growth trajectory. The current economic dynamics in India suggest that infrastructure will give a major push to the overall development of the country´s economy in the long run.
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Eventful journey ahead
After a hiatus in 2014, there are emerging signs of takers for PPP projects in some of the sectors, including ports. Baring some shortcomings, PPPs have achieved resonable success rate. However, it is too early to say that they have been a grand success.