The Highways Bill could represent the first major step taken by the government towards the creation of an independent authority with the power to cut delays and streamline the project approvals processes, thereby addressing major problems faced by the Indian roads and highways industry today and potentially opening up huge private investment, writes Aakanksha Joshi.
Tag: Udaipur
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The price of PPP
Everything about public-private partnership (PPP) in infrastructure is mega-scale, including the concession period, the commitment period, and the price of a failed project.
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Punj Lloyd gets road contract from GMR
Punj Lloyd, a leading engineering, procurement and construction (EPC) conglomerate, has received a letter of intent from GMR Projects for undertaking design, engineering, procurement and construction of 124 km of six lane of Chittorgarh bypass to Udaipur, in the state of Rajasthan. Worth Rs 1,050 crore, the project is scheduled for commissioning in 36 months.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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The fact that bidders believe in good growth over a period of 20-30 years is a vote of confidence
The net present value of the bids NHAI has received this FY from NVGF from 12 projects on DBFOT is to the tune of Rs 16,500 crore. JN Singh, Member (Finance), NHAI, explains to Shashidhar Nanjundaiah why this limited revenue stream will go a long way in all-round road development.