Road ministry looks to raise capital

Road ministry looks to raise capital

Dec 9, 2014

The transport ministry is hoping to facilitate road construction with capital they intend to raise from toll revenues and minority foreign investors.   With the development of the road sector a key focus area for the Modi-led government, it is natural that the government will try to raise the requisite funds to achieve this goal. The road ministry is...

NHAI trying to mobilise funds for road infrastructure projects

NHAI trying to mobilise funds for road infrastructure projects

Dec 8, 2014

The National Highways Authority of India (NHAI) has been grappling with the shortage of funds with private players and banks pulling out of projects and the general economic slowdown.   Development of the road sector is a key focus area of the new government. In the budget speech in July, Finance Minister Arun Jaitley said, “We propose to allocate Rs...

Road developers can walk away from projects

Road developers can walk away from projects

Dec 5, 2014

India’s road development industry has suffered in recent years – the road sector has endured a slump in activity and production, which has significantly affected the completion of many large-scale projects and their being proposed in the first place. It is a sector of the transport industry in limbo, and there are lots of consequences – critics highlight that...

NHAI to undertake borrowings under EPC model

NHAI to undertake borrowings under EPC model

Nov 10, 2014

In terms of the target set by NHAI for highway projects this fiscal, 5000 km of road will be divided into 1500 km through the public-private partnership (PPP) route and 3500 km in EPC mode. Why does the NHAI have to resort to the EPC model? How much will they have to borrow? Why have PPP projects received a muted response? This article seeks to ponder on some...

Road transport: the dominant freight system

Road transport: the dominant freight system

Oct 28, 2014

A rapidly evolving industry, the logistics sector in India is being increasingly redefined by sophisticated technology and services to meet the demands of the growing economy. The government has restructured its taxation and regulatory policies to provide an environment conducive to a thriving transportation and logistics industry. Road transport carries most...

NHAI road sector boost

NHAI road sector boost

Oct 22, 2014

The new government considers the development of road infrastructure integral to its ‘revive India’ agenda. The NHAI will relax road construction norms to boost the lagging road sector and push the stalled projects forward. As the economic progress of a country clearly hinges on the optimal use of its resources, Gadkari has decided to replace bitumen with cement...