Nitin Gadkari, Union Minister for Road Transport and Highways is upset with cement cartelisation and faulty detailed project report (DPR) preparations and has set a roadmap for stepping up road construction pace and quality in surface material with innovative mixes. Speaking exclusively to Pratap Padode, Editor-in-Chief of ASAPP Info Global Group at the ‘InfraNirbhar Webinar...
It is a well-known and widely accepted datum that infrastructure is the backbone of a sound and growing economy. Amongst all infrastructure, the transport sector facilitates trade and migration, thereby raising productivity in other parts of the economy and directly contributing to the economic growth.
The National Investment and Infrastructure Fund (NIIF) is planning a third fund targeting investment in greenfield projects, with a view to provide long-tenor financing. Sujoy Bose, Managing Director and Chief Executive Officer, NIIF shares some insights, particularly on the roads sector.
Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
Nearly Rs 54 billion will be generated through the auction off the second tranche of eight completed national highway projects. The Toll Operate Transfer (TOT) will be responsible for the maintenance and will have the right to collect the toll on these stretches for 30 years.