Handling of containerised cargo is a key indicator of a country’s integration with global supply chain for value-added manufactured goods, Assocham study has said.
The government is also thinking of more such innovative instruments to fund iconic, national level infrastructure, Economic Affairs Secretary SC Garg said.
Tulip Infratech and China Construction Third Engineering Bureau Co Ltd (CCTEB) will jointly bid and develop projects in the country and target an order book of about Rs 20,000 crore in the next 2-3 years.
"We are looking at a revenue of Rs 2,000 crore from the first phase of this large layout project. The funding will be through internal accruals and bank finances. The financial closure for the project has already been achieved with leading financial institutions including Yes Bank," Omkar Realtors director Gaurav Gupta told reporters here.
The project to repair and rehabilitate the Malakal-Melut road would improve accessibility and would be a relief for all road users, including local motorists and traders, as well as humanitarian agencies trying to access vulnerable people, the local Governor, James Tor Munybuny, said yesterday at an event marking the commencement of the work.
As per the memorandum of understanding, the Army will be able to use an airstrip in Lalgarh-Jatan area in Sri Ganganagar district for 10 years.
India needs to make the PPP model more transparent, so it gives better return to investors, said Sanjiv Nanda, Member, Board of Trustee of the India Think Council (ITC).
Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of road and housing projects, Prasun Gajri, chief investment officer at HDFC Life told Reuters.
According to CII, the logistics sector in India is still very fragmented and has suffered from lack of investments and a proper recognition.
By bringing logistics at par with roads in term of its status, the government has provided the necessary platform for development. It remains to be seen if the private sector bites the bullet and participates in the development of a logistical backbone
The government has been working on ways to attract more investments into transport and logistics as part of efforts to bolster infrastructure development in the country. Amending the existing framework, a notification issued by the Department of Economic Affairs (DEA) has widened the category of infrastructure sub-sectors to "transport and logistics" from the earlier sub-head of "transport".
Highways will be graded for safety, ease of driving and maintenance; toll plazas will be graded on the basis of revenue collection and driver’s experience at the plaza; and highway developers will be graded for timeliness and quality of construction
According to the plan, a total of Rs 15,000 crore will be invested in the first phase which is expected to create more than 1.5 lakh jobs.
Phase I is expected to be completed within 14 months against a deadline of 30 months
A release from JIPMER said the Union Health Ministry had approved the proposal of the Standing Finance Committee of the premier medical colleges and earmarked the amount to enable JIPMER to construct the academic wing, residential campus and also hostels for students pursuing the medical course in Karaikal.
The growth in output compares with a downwardly revised 4.4 percent year-on-year growth in August.
Stating the new ‘plan’ of NHAI, the chairman said that the organisation is in process of inviting tenders for another 6,000 km by the end of this year
VGF is one-time grant to public-private-partnerships (PPPs) in the infrastructure sector to fill the funding gap for making projects commercially viable.
Railways is also looking to unlock some of its prime residential properties for redevelopment across the country. The move could bring an additional revenue of Rs 20,000-25,000 crore.
The total original cost of implementing 1,257 projects was Rs 15,76,903.56 crore and their anticipated completion cost is likely to be Rs 17,49,274.62 crore, cost overrun of Rs 1,72,371.06 crore (10.93 per cent of the original), the ministry's flash report for July this year has stated.
LG, MPs and Mayors of Delhi to meet every month to discuss matters relating to urban infrastructure development.
The report also proposed that the definition of public transport should cover the entire door-to-door travel span of the user involving third-party infrastructure.
Disruptions arising from Demonetisation and GST (Goods and Services Tax) have further delayed the capex or capital expenditure by companies till FY20, according to a report by India Ratings and Research.
In an exclusive conversation with Moneycontrol, officials at a World Bank arm talked about how India’s infrastructure has gained strength over the years, how to pump in more investments and why the multilateral agency continues to be bullish on Indian economy
According to ICRA, the airports infrastructure sector in India is increasingly getting constrained by the strong growth in traffic since FY2014.