MILES TO GO
Article Abstract:
The Government of India recently announced automatic clearance for 100 percent foreign direct investment (FDI) in road and port projects up to Rs1,500 crore. There will be a case-by-case clearance. The Government has prepared a concession package for road projects. The traffic and revenue risk sharing with the National Highway Authority of India (NHAI) may be unviable. Foreign currency fluctuations may raise the cost of the projects. Doubts about timely implementation of road projects may arise, as the Public Works Department will be responsible for the implementation of the road projects. The Government has not set up any Central Road Fund and the National Highway Authority of India may not have enough funds without budgetary support. For port projects, the Government expects to attract an investment of Rs8,000 crore in the Ninth Plan. Port projects face government control as port trusts are yet to be corporatised and air, rail and road links are lacking. These facts, figures and views have been given in an editorial. (rk/kvr)
Comment:
The Government of India recently announced automatic clearance for 100 percent foreign direct investment (FDI) in road and port projects up to Rs1,500 crore.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
ROAD PROJECTS GOING PLACES
Article Abstract:
The Cap Ex.database has revealed that about 107 road projects worth Rs27,1774 crore are being planned by both the government and private sector agencies. While the government agencies account for three fourths of the total investment, the private sector accounts for the rest. The National Highways Authority of India (NHAI) will be taking up 23 roadway projects envisaging an investment of Rs9,233 crore. It is already executing 18 projects worth Rs4,260 crore. Some of the projects: (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
NH PROJECTS HIT AS PRIVATE SECTOR KEEPS OFF THE ROAD
Article Abstract:
The Indian government has been unable to achieve much in the national highway sector due to lack of response from the private sector. During 1997-98, small road projects worth Rs530 crore were taken up on a build-own-and-transfer (BOT) basis. Despite setting up of the National Highway Authority of India with a capital base of Rs500 crore, the private sector shied away because of a lack of bankability of projects. (uh)
Comment:
India: Govt has been unable to achieve much in national highway sector due to lack of response from private sector
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: WHO WILL REAP THE BENEFITS? GOOD PROSPECTS: NAGARJUNA FERTILIZERS AND CHEMICALS GOOD PROSPECTS: RASHTRIYA CHEMICALS AND FERTILIZERS
- Abstracts: MORE PLAYERS LIKELY TO ENTER LNG PROJECTS IN GUJARAT GAIL TO MAKE FORAY INTO POWER PROJECTS HLL TO EXIT FROM TWO EXPORT PROJECTS IN TN
- Abstracts: A-I NEEDS Rs1,000-CR GOVT FUNDING: IL&FS REPORT HOUSING FINANCE - HDFC. IFC SAYS NO SANCTIONS ON COMMITTED LOANS
- Abstracts: SBI CAPS NET UP BY 63.4% IIBI POSTS 68% RISE IN NET DSP MERRILL LYNCH LEADS INVESTMENT BANKS LEAGUE
- Abstracts: ECONOMIC SURVEY 1997-98: FARM, INDUSTRY RETARD GDP GROWTH UREA PRICE-HIKE COULD RETARD GROWTH, FEEL PLANTERS GDP GROWTH FOR '98-99 PUT AT 6.5%, AGRI GROWTH AT 3%