BOT
IRB Infrastructure Developers (IRB) is in the process of raising around Rs. 5,000 crore from the lenders by the end of October and early November. IRB which is one of the largest BOT (Build- Operate-Transfer) road developers and toll operators will use this money to fund two of its road projects in Haryana and Maharashtra. [...] Continue Reading »
Two Maharashtra road projects with a combined cost of about Rs.4,500 crore may be cancelled by L&T as they have turned ‘financially unviable’. The company has also communicated this with L&T. NHAI has directed the company to wait till the polls are over. The projects involve widening of 485 km of carriageway on two highways: [...] Continue Reading »
The ministry of road transport and highways has started an exercise to estimate their revenue from toll collection to see if the government can build more roads with the help of its own resource. The PPP projects have been suffering of late and private players have been complaining of the low growth in the toll [...] Continue Reading »
According to the experts, Liquidity constraints, approval delays and the economic slowdown have forced the developers not to take up large infrastructure and road projects on PPP basis. An expert also mentioned that the government gives attention on developing infrastructure projects on public private partnership model to minimize its burden and to motivate private sector to participate in [...] Continue Reading »
