Lack of coordination between the various government agencies that are involved in the road/highway construction business and improper policy initiatives hamper the prospects of roads sector, experts feel. Private funding of infrastructure has become a mainstay of the Government of IndiaÂ’s policy towards infrastructure deveÂlopment.
Tag: Uttarakhand
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$648 mn WB loan for THDC hydropower project
The World Bank (WB) signed a $648 million loan agreement with THDC India to build the Vishnugad Pipalkoti hydro electric project on the AlaknÂanda river in Uttarakhand.
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Alstom bags $414 mn hydel project
Alstom, in consortium with Hindustan Construction Company (HCC), bagged a contract worth more than $414 million by the Tehri Hydro Development Corporation (THDC).
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WB aid for THDC hydro power project
The World Bank will proÂvide a loan of $ 648 million to the state run THDC India for constructing the Vishnugad Pipalkoti hydroelectric plant. This plant on the Alaknanda river is expected to generate 1,665 million units of electriÂcity annually
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Govt aid for Uttarakhand road development
The Ministry of Rural Development has released graÂnt in aid worth Rs 155.22 crore for construction of rural roads in Uttarakhand under Pradhan Mantri Gram Sadak Yojana (PMGSY).
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PPP is almost the only way for better management of water sector
A new initiative by ADB and the Government of India seeks to promote and “mainstream†PPP for inclusive growth of the country.