We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
Tag: infrastructure
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The State of Urban India
Cities matter to India. Smart cities, even more. Almost one-third of the population of the country lives in cities and towns and the trend of urbanisation is sure to continue to rise.
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Govt seeks $137m from ADB for J&K
The Centre has signed agreements with the Asian Development Bank (ADB) for grants worth $136.8 million for infrastructure development in Jammu & Kashmir.
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RSGL to develop retail gas supply
As part of its infrastructure development plans, Rajasthan State Gas LTD (RSGL) will lay pipelines for retail gas supply in Alwar, Baran and Jhalawar districts, according to an official.
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ISQ to acquire Rajasthan toll road
I Squared Capital, through its ISQ Global Infrastructure Fund, has agreed to acquire 100 per cent stake in Jaipur Mahua Tollways Pvt Ltd from IJM Corporation, Malaysia, for Rs 525 crore (as disclosed by IJM Corporation to Bursa Malaysia).
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Railways forms SPVs with States
The railways has started forming special purpose vehicles with State governments such as Odisha to undertake railway development in States.
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Atlanta eyes Rs.2,000-crore road projects
With the government expected to bid out nearly Rs 50,000 crore worth of road projects in the next 12 months, EPC firm Atlanta is eyeing around Rs 2,000 crore contracts, according to a senior company official.
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Tata Realty buys Expressway
Hyderabad-based Madhucon Projects has signed an agreement to sell its Agra-Jaipur Expressway project to Tata Realty and Infrastructure for Rs 250 crore, making it the second merger and acquisition deal in the roads sector in December 2014.
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Kolkata Port needs to review tariff policy
The Kolkata Port, which is grappling with old infrastructure and suffering from the lowest draft, need to review the existing tariff policy, a study has said.
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Infra sector needs alternative sources of finance
Infrastructure is one of the top priorities for the Indian government. The right policy framework will give confidence to both domestic and international investors and create a competitive environment to deliver cost-effective services to end-users.