The new Development Finance Institution (DFI) will be a fairly large entity that will play a key role in the Central Government’s strategy to facilitate the creation of a robust financing ecosystem for infrastructure projects in the country. Simultaneously, the government also remains committed to rolling out systemic interventions to ensure the necessary action on...
To enhance the state's road network, the Rajasthan government will set up a regulatory body on lines of National Highways Authority of India (NHAI). The authority will be mandated to oversee the road construction and get the necessary approval for the concessionaire.
The National Bank for Agriculture and Rural Development (NABARD) will lend Rs 130 crore to the private sector company National Collateral and Management Services (NCMSL) through its Rural Infrastructure Development Fund. NABARD, which generally lends only to government-owned warehousing entities, has utilised the special window opened by the Centre to fund established private sector warehousing companies like NCMSL.
Hindsight: 2013 has been a mixed year for the infrastructure sector which, on one hand, saw a slew of government initiatives:
Road regulator, facilitating faster completion of road projects, faster transportation, decreased fuel consumption, and encouraged development of access-controlled expressways
Compared to its neighbours, Tamil Nadu and Andhra Pradesh, Karnataka lags behind in both sanctions and disbursal of funds under the Rural Infrastructure Development Fund (RIDF) of the National Bank for Agriculture and Rural Development (Nabard).
A new opportunity knocks on the doors of private developers, especially those in the second-tier or contractors aspiring to be developers. Rural roads are all set to offer large opportunities this year as the government steps on the accelerator to see projects through,