The road sector has some bad news in the offing. Private players, who are eagerly awaiting a Road Regulator, since a year, have to extend their prolonged wait for another six months. It was expected that by March end, the Ministry of Road Transport and Highways would pass a note on draft Regulatory Authority for Highways in India Bill, 2013 to the Cabinet.
Tag: Road sector
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EPC in roads Whats wrong with EPC?
If you thought only BOT projects were in trouble, think again. The faltering roads sector is increasingly dependent on sentiment, and this dependence is clear from the recent negativity that has crept even into EPC. Bringing back investor sentiment should now be supreme.
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Banks will get conservative in lending to infrastructure
Infrastructure developers won't really complain about the process of funding for their projects. Their problems remain getting the projects cleared for takeoff. BA Prabhakar, Chairman and Managing Director, Andhra Bank, speaking with Sumantra Das, explains the recent uncertainties and opportunities in infrastructure lending.
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Planning panel objects to proposed regulator for roads
The Union Finance Minister P Chidambaram had promised to set up an independent regulator for the road sector, seen as a reform for the sector. But the Planning Commission has raised objections to the proposal of the independent regulator for the roads sector. Chidambaram promised the proposal of the regulator when he toured the world to attract investment.
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Contract renegotiation in highways
The change in bidding conditions, including that by altering the timing of bid premiums, goes against the grain of bidding process. The level of success of PPP in India has been a function of contract design, regulations, and implementation framework in the respective sectors.
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Lenders in road sector’s PPPs to get more powers
In the road sector of the country, lenders are set to get more flexibility in public-private partnership (PPP) projects, where investor interest is waning. The government is planning to amend the model concession agreement (MCA) for road sector PPPs, empowering lenders to seek replacement of a concessionaire failing to meet milestones even before the project starts commercial operation.
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Roads are key to over-all economic development
Road sector plays a key role in the over-all economic development of the country, said the Union Minister of state for Road Transport and Highways Sarvey Sathyanarayana. He was speaking at the 73rd Annual session of the Indian Roads Congress being held at Coimbatore, Tamil Nadu.
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Phase it: The fourth is a challenge
Highways will continue to be sluggish until the unattractive Phase IV projects are completed. With the road sector is poised to undergo a further change in the coming years, the industry as a whole, needs to continue tapping the advantages of road transportation more efficiently and optimally than ever before, writes Bhavik Damodar. The road transportation sector continues to struggle to cater to the countryÂ’s size and widely spread consumption hubs.
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Reinventing IndiaÂ’s road infrastructure
Highway award and implementation has faced a major slowdown this fiscal, but most of the factors are the usual suspects. Then why is this year different? Rohit Chaturvedi and Tejaswi Subramanian explain the potential pitfalls and silver lining in the sluggishness. After a year of aggressive bidding and flourishing business, the road sector has seen a marked slowdown this year in the number of allotments made or expected to be made by the National Highways Authority of India (NHAI).
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Regulator in road sector to maintain quality
In its 12th Plan document, the Planning Commission has pitched for a regulator in the road sector in the country for determining tariff and service quality. There is no independent regulatory authority for country's roads and highways sector, the Commission said. The Commission said that there is a need for a regulator whose key functions should include tariff setting, regulation of service quality, assessment of concessionaire claims, collection and dissemination of sector information,