With 59 special purpose vehicles (SPVs) in place, India's Smart Cities Mission is now ready to take off. With more than 15 tenders coming in every month, winning cities have made sure their envisaged plans are on track, albeit at a slow speed.
Tag: Special Purpose Vehicles
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Competition Picks Up in HAM
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
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Investing in risk assessment
Over the last two months, HDFC Bank recruited heads for four verticals, including infrastructure finance, to grow its investment banking business. Recently, several banks have been hiring up infrastructure experts, and as innocuous as the news may seem, it reflects a longer term goal to get specialised. As with most other lessons in India's infrastructure sector, the solution is reactive, not innovative. So banks have a job on their hands, and don't they know it.
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REC to launch 3 SPVs
REC Transmission Projects Company (RECTPCL)—Bid Process Coordinator (BPC) for three transmission projects—will incorporate three Special Purpose Vehicles (SPVs).