Latest Answer: At present, construction projects require equity and cost overrun support of around Rs 28500 crore over the next 2 yrs. Of this, about Rs 16000 crore could be stumped up from internal accrual of sponsors and sale of stake at the special purpose vehicle level. That leaves a significant decline of Rs 12500 crore.
Latest Answer: Earlier it is also observed that no penalties have been charged on the awarding authority in such cases. Almost half the projects awarded between 2011 and 2013 had to be terminated because of delays in land acquisition and other clearances.
Q:Apart from record Rs 82000 crore presumed earlier as public funds for construction and maintenance of highways in the current financial year, the road ministry has asked for an additional Rs 8800 crore as budgetary support.
Latest Answer: This is really recommendable Mani,
Of the road ministry's demand for additional budget expenses, Rs 2620 crore is for awarding contracts for building additional national highways, which has been targeted at around 10000 km this financial year, and Rs 1510 crore for special speed up road development programme for the North-East.
Latest Answer: Traffic in road projects grew in the range of 5-6% in FY15 compared with a decrease in FY14. India Rating & Research expects that the tempo to continue in FY16 also on account of increased economic activity. Toll rate increases linked to inflation, whether completely or to a limited extent, have somewhat balance the decrease in traffic numbers in FY15.
Q:GMR Infrastructure is looking to bring around the Ahmedabad-UdaÂipur-Kishangarh project prÂovided the government reÂschedules the premium paÂyment option that was quoted at Rs 636 crore annually.
Latest Answer: In January 2013, the company reportedly sent a notice for end of contract to NHAI refering failure to obtain environmental clearance from the authority and revised toll rate. The company now believes there is noticeable grip in the western and the northern region in terms of traffic revenue growth, led by a rising consumption pattern.
Q:The Cabinet Committee on Economic Affairs on 2nd of December 2014 approved the four-laning of three national highway sections Lucknow to Sultanpur, Nagina to Kashipur and Singhara to Binjabahal.
Latest Answer: Yes Kaushik,
An that time The Ministry told that HDFC Bank had ask approval for maintaining the permitted foreign holding in the bank up to 74% of the total paid up capital, out of which the FII sub-limit would be 49% and the balance 25% would be foreign direct investment.
Q:Govt. approved highway projects worth Rs 3874 crore for high way development & road extension. The project will expedite improvement of infra in Odisha and reduce the time and cost of travel for traffic, on the Singhara-Binjabahal sector.
Latest Answer: Hi Mr Santosh,
Government approved highway projects worth Rs 3,873.6 crore in Odisha, Uttrakhand and Uttar Pradesh for widening various stretches under its flagship road building programme NHDP. Prime Minister has given its approval for development of the four laning of these highways stretches in Odisha, Uttarakhand and Uttar Pradesh.