Taking note of difficulties faced by road projects, the Economic Survey has favoured easing of exit routes for highway developers. Exit routes need to be eased so that promoters can sell equity positions after construction, passing on all benefits and responsibilities to entities that step in, says the Survey.
Tag: Road projects
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Centre gives nod to road projects worth Rs 38,500 cr
With an objective to boost road connectivity to rural areas in the country the Union government on February 7 cleared road projects worth about Rs 38,500 crore under the rural road connectivity scheme, the Pradhan Mantri Gram Sadak Yojana (PMGSY) which was launched in 2000.
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UP has Rs 20,000 cr worth road works underway
In Uttrar Pradesh, road projects worth about Rs 20,000 crore are either underway or in the pipeline. The road projects pertain to both State highways and road projects of the UP State Highways Authority (UPSHA). UP has one of the largest road networks in India measuring 1,33,122 km, which includes national/state highways, district and rural roads.
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Centre to ease environment rules for road projects
To clear hurdles for road projects in forest areas without mandatory consent of gram sabha (the village body) the Union Tribal Affairs and Environment Ministry on February 1 resolved their differences.
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Create positive vibes for investments | Budget 2013-14
Abolition of MAT during tax holiday period: Infrastructure company avail tax holiday benefit under 80-IA. Given long gestation and criticality of infrastructure, they are given a 10 year tax holiday. However, it is basically an exemption from paying income tax on the profits and paying MAT on book profits. So, whatever the projects are supposed to have conserved through the 80-IA benefits are being taken away by the MAT levy.
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Seeking for a revival
With the Union Budget 2013 announcement is approaching, industry stakeholders are seeking government support for a possible revival of their respective industry segment. Ami Mistry, Dhruba Purkayastha, Mohit Sinha and Prithweesh Ghosh present an insight into the current status of critical infrastructure segments and recommend some urgent steps needed in the coming Budget.
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L&T achieves financial closure for its Maha road projects
For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.
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Maha ranks 1st, TN 2nd in road projects under PPP
Tamil Nadu ranks number two with a share of over 20 per cent in total road projects under operation in the public-private partnership (PPP) model as of August, 2012.
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Govt to give more powers to banks in road projects
Banks in India are going to be given more functional and supervisory powers by the government with regard to road projects.
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J&k PWD’s inaction results in delay of road works
An audit by the Jammu and Kashmir government has revealed that road projects under Central Road Fund (CRF) in Kashmir division are in limbo or have been delayed.