Ravi Karandeekar's Indian Infrastructure Development News Links Blog

Thursday, April 16, 2009

Metro rail, transportation, water supply, sewerage - solid waste management - constitute the major chunk of investments in Indian Metro Cities

Associated Chambers of Commerce and Industry of India (ASSOCHAM) study:

Metro rail projects accounted for maximum of 27% share in total money injected in metro cities for infrastructure development under central, state, local government including corporates.

Sewerage and solid waste management investment in the Tier I cities constitute the major chunk of investments, specifically via government mode.

Mumbai (Rs166.94bn), Chennai (Rs15.88bn) and Bangalore (Rs13.54bn) are the major recipients of sewerage related investment. In percentage terms, it works out to be 16.90% of total infrastructure investment.

Tier I cities in India are working out hard to offset the huge pressure on their existing infrastructure, it is the metro rail projects which have been the key driver of the infrastructure investment in these cities with metro projects costing Rs340bn.

Transportation sector, other than metro rail, Rs62.83bn are being pooled in, accounting for 5% share. Roadway projects in the Tier I cities which include bridges, ROBs, highways and expressways, have been allocated Rs58.19bn.

Water Supply projects, primarily being undertaken by the central government under Jawaharlal Nehru National Urban Renewal Mission, have absorbed Rs57.57bn investment with 4.54% share.

The Study is based on the ongoing projects of central and state governments and those announced by private sector in last Six months. Six metro cities taken in the study included Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bangalore.
To read more, please, visit - Indiainfoline.com

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Sunday, January 4, 2009

India Inc. reacts positively to 2nd economic stimulus measure

External Commercial Borrowing:

In the latest package, the second announced in less than a month, the government, which faces elections by May this year, said it has removed 'all-in-cost' ceilings on External Commercial Borrowing or ECB, besides measures to facilitate access to funds for the housing sector that includes the 'development of integrated townships' to be permitted as an eligible end-use of the ECB.

To boost infrastructure spending, the government has authorized India Infrastructure Finance Company Limited (IIFCL) to raise Rs.10,000 crore to refinance bank lending for infrastructure projects. IIFCL has also been authorized to access in tranches an additional Rs.30,000 crore by way of tax-free bonds once funds raised in the current year are effectively utilized.

It also said that non-banking financial companies (NBFCs), dealing exclusively with infrastructure financing, would be permitted to raise money through ECB. These measures would be reviewed after June 30, it added.

However, Vinayak Chatterjee, chairman of Feedback Ventures feels that the government's package is insufficient for boosting infrastructure spending. "When one combines the existing infrastructure projects that are suffering on account of interest rates and liquidity as well as a crunch of new projects coming up," the amount authorized to IIFCL to raise is "insufficient," Chatterjee said.

"Secondly, we still don't know the details of how the money raised by IIFCL will actually be meaningful for infrastructure developers in the private sector," he said.

"Finally," Chaterjee added, "the critical aspect is that 80 percent of infrastructure spend is still by the public systems arena, which is public sector or government investments. They have been going through frightfully slow. Unfortunately, this fiscal stimulus package, while I recognize that it can only stimulate the infrastructure sector fiscally, would have welcomed any fresh out-of-the-box thinking on creation of some national-level high-powered committees like FIPB to push the pace of public expenditure.
To read more, please, visit - International Business Times

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Thursday, January 1, 2009

5% energy to come from renewable sources from 2009-10

Underlining the importance of electricity regulator in implementation of a national action plan on climate change, Pramod Deo, chairman of the central electricity regulatory commission (Cerc), on Saturday said that all power utilities in the country will have to buy at least five per cent of their grid purchase from renewable energy sources from 2009-10 onwards.

The Cerc will fix the dynamic minimum purchase standard for renewal energy which will help reduce emission from the electricity sector. 'While the minimum purchase standard will be fixed, from 2009-10 onwards all electricity utilities in the country will have to buy renewable energy. There will be one per cent increase in the purchase of renewable energy for every year for the next 10 years,' he said.

Deo was speaking on National action plan on climate change and the role of electricity regulator to mark the fifth foundation day of Pune-based World Institute of Sustainable Energy (Wise).
To read more, please, visit - The Times of India

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Sunday, December 21, 2008

Cap on bidders delays 60 projects of modernising and improving more than 6,000 kilometres of roads in the country by December 2008

Clause 2.1.18

The clause 2.1.18 inserted in the (Request for Proposal) ROP document limits the number of bidders through capping the number of bids per developer, number of projects per developer, and number of projects that a developer failed to get funding for.

The clause is understood to have resulted in withdrawal of many bidders from the race, hence leaving many projects to be awarded with less than five bidders each, and some with no bidders at all.

Earlier in August, road transport & highways secretary Brahma Dutt had said that the National Highways Authority of India (NHAI) would award 53 contracts for modernising and improving 6,000 kilometres of road under Phase III and Phase V of the ongoing National Highway Development Project (NHDP).
To read more, please, visit - DNA

Ravi Karandeekar's Indian Infrastructure Development News Links Blog

Thursday, April 16, 2009

Metro rail, transportation, water supply, sewerage - solid waste management - constitute the major chunk of investments in Indian Metro Cities

Associated Chambers of Commerce and Industry of India (ASSOCHAM) study:

Subscribe for free!

Sunday, January 4, 2009

India Inc. reacts positively to 2nd economic stimulus measure

External Commercial Borrowing:

Subscribe for free!

Thursday, January 1, 2009

5% energy to come from renewable sources from 2009-10

Subscribe for free!

Sunday, December 21, 2008

Cap on bidders delays 60 projects of modernising and improving more than 6,000 kilometres of roads in the country by December 2008

Clause 2.1.18

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