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: PPP
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Housing not ‘Infra Dig’ any more
Industry sectors like housing, cement, et al have been clamouring to be allowed into the hallowed precincts of infrastructure for quite some time. Apart from the recognition of contributing to nation building, to be admitted as a member of the so called "Infrastructure Club" also offers the lure of easier financing norms.
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Viability Gap Funding to support infrastructure projects worth Rs 2,750 crore
Viability Gap Funding, which has been provided a budgetary support of Rs 550 crore, will support projects worth Rs 2,750 crore towards infrastructure building in 2017-18. VGF was Rs 1,000 for the current fiscal.
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Pradeep Misra, Chairman and Managing Director, Rudrabhishek Enterprises Pvt Ltd
We have a lot of positive expectations from the upcoming Budget 2016-17. My thoughts are focussed on three major points - transparency on GST, encouraging the Real Estate Regulation Act (RERA), and REIT.
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Tamil Nadu joins UDAY, ‘Power for All’ gets a boost
The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the ‘24x7 Power For All (PFA)’ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.
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With the conducive environment, investor confidence will go up
Infrastructure is the backbone of any economy. But good infrastructure development needs good planning. Lack of planning is the biggest problem. China in comparison to India has shown better planning and flexibility while executing infrastructure projects. India has lagged behind due to its political system and populist outlook.
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Infra-vestment | Follow the Money
India will need $1.5 trillion of investment in infrastructure over the next 10 years. Of this nearly $10 billion is required in sewage treatment plants. Similarly, about $8 billion is required to be invested in ensuring regular drinking water supply.
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Dash for Cash
The Indian infrastructure story is at an interesting crossroad. On the one hand, being the world´s fastest growing major economy, India needs to create fresh capacity in its infrastructure to maintain the growth momentum.
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By 2050, 60percent of India´s population will reside in towns
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
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Ashoka Buildcon Bags Rs.950-crore Bihar rural electrification order
Ashoka Buildcon Ltd, one of India´s leading highway developers in the country, through its Power Division, has bagged rural electrification works worth Rs.950 crore in Bihar. The company has received Letters of Intent for the following projects from North and South Bihar Power Distribution Co. Ltd.