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.
As DMRC prepares to hike fares for the first time since 2009, here's a look at how costly are India's metro systems.
Prime Minister Narendra Modi had laid the foundation of the Expressway in December 2015, the deadline for which was 400 days
Rs 18,000 crore expressway, which was first proposed in December 2013 under the UPA government, may not become operational before 2019
This comes a day after Union Transport Minister Nitin Gadkari pulled up banks for delaying financing towards the roads sector despite several clearances and faster movement of the projects.
The new Metro policy underlines the growing need of public transport while safeguarding the private investors by keeping the window open for various routes through which investments can be made
The Union minister for road transport said the government was keen to build projects in the EPC (engineering, procurement and construction) mode.
This scale of investments was not provided for urban development in the past, the union minister said.
NBCC awarded the redevelopment of Pragati Maidan's ITPO complex into an integrated exhibition-cum convention centre to Shapoorji Pallonji and Co Ltd with completion period of two years.
Infrastructure major GVK group has bagged the financial bid to build and operate second international airport in the Mumbai metropolitan region at an investment of Rs 16,000 crore.
Gadkari said apart from Damanganga-Pinjal, the government was also aiming at starting the "actual work" on the Ken- Betwa, Par-Tapi-Narmada river-linking and Pancheshwar and North Koel dam projects in the next three months.
The US aircraft giant also outlined plans to open its first factory in the country as it looks to reinforce its position in the face of competition from European rival Airbus.
The retrofitting of the current ICF coaches will be an interim safety measure, before converting the entire fleet to the LHB coaches.
Dilip Buildcon and KNR Construction are among top bets in the segment
RBI lauded efforts of the government to stabilise the economy that has been bogged down by low industrial activity and said that ‘both government and private consumption accelerated and held up aggregate demand’
The SDMC also said more than 125 engineers have been deputed to inspect public toilets on a daily basis to ensure cleanliness under the Swachh Bharat Mission.
Essel Infraprojects on Wednesday said it has upgraded its toll plaza connecting Ahmedabad and Godhra Bypass with hybrid electronic toll collection (ETC) mechanism.
A new government will be in place in the state in 2018 and will take forward the railway connectivity work and work for land acquisition, he said.