With Vibrant Gujarat scheduled next year, the government is going all guns blazing to make this summit one of the mega events of the country.
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.
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
In an exclusive interview to INFRASTRUCTURE TODAY, Debjani Chakrabarti, Director Highways, Ministry of Road Transport & Highways (MoRTH) elucidates some of the key funding strategies being utilised by India as a part of the country's ambitious Rs 7 trillion roads building programme.