Just as with PPP projects, HAM contracts too are finding financial closure to be a challenge. Banks, especially, are wary of putting their money on developers with weak financials and lack of adequate experience. Industry insiders, however, beg to differ.
Tag: MCA
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Remaking India
The infrastructure sector, with transportation at the forefront, is a key enabler, acting as no less than a spinal cord for any economy and India is no exception. The infrastructure sector can be referred to as a set of basic services, facilities and physical installations required for smooth functioning of quality life in a country.
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There is a need for the regulator to get more teeth
Sandeep Upadhyay - MD & CEO, Centrum Infrastructure Advisory Ltd, says that a more consultative process involving the NHAI and all stakeholders, by giving due weightage to the lenders, would result in a win-win situation for infrastructure development in India.
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GST will lead to savings of 10-12% of overall supply chain cost
Shripad Ranade, Practice Head Ćā Automotive & Engineering, Tata Strategic Management Group, explores the impact of government policies and the latest technical developments, on the construction and mining equipment sector.
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Simplifying Corporate Adjudication
The establishment of a National Company Law Tribunal (NCLT) and its Appellate Tribunal (NCLAT) will provide for an efficient, timely and one stop-shop dispute resolution mechanism, preventing fragmentation of disputes relating to companies before multiple forums.
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Finding the Right Road
The moot question is whether good intent has been accompanied by careful planning.
It was always going to be a difficult job. Roads development, battered and bruised by a heavy load of projects awarded in the recent past, remained stalled for various reasons ranging from land acquisition and bureaucratic red tape to a lack of accountability and transparency in the bidding process.
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Hit by the HAMmer
The Hybrid Annuity Model (HAM) unveiled with great fanfare earlier this year was expected to set off the next wave of award of PPP highway projects. The intent and purpose of introducing HAM, as a hybrid of EPC and BOT (annuity) formats, was noble and deserves to be lauded: to moderate risks faced by highway developers and to provide financial support during construction.
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Transport: Convergence & Connectivity
Lack of funds and investor confidence are two factors that are hurting the infrastructure sector. Efforts are needed to bring back the faith and money in the sector. FICCIĆĀ“s India Infrastructure Summit 2014 focused on the theme ĆĀ“Transport sector: Convergence & Connectivity
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A blueprint for private participation
Though PPP in coal mining can enhance coal production, the successful implementation of a PPP structure largely depends on the balance between risk allocation and financial gain.
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New MCA will have four changes, including dispute resolution
BK Chaturvedi, Member of the Planning Commission of India, is in the hot seat. It was his draft of the original MCA in roads that made all the difference to PPP in roads. Now itĆĀ“s time to debug that document, he tells Garima P.
Have investors been withdrawing on account of the existing Model Concession Agreement (MCA) for highways?
Quite a few people have been attacking the MCA saying that provisions need to be changed. Now that the economy is not doing well, it is easy to blame the MCA for
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