The National Housing Bank (NHB), National Bank for Agriculture and Rural Development (Nabard) and India Infrastructure Finance Company Ltd will be roped in as investors.
The situation is so grim that in Jharkhand, J&K, Uttarakhand, Delhi and Goa, NHAI does not plan to take up any stretch this year.
In Maharashtra, the estimated spend in case of Nagpur-Mumbai expressway alone is Rs 35,000 crore over next three years.
In addition, other projects especially expansion of Chennai and Bengaluru Metro are also under consideration.
The missive comes in the light of limited availability of funds for the highways sector and with the NHAI having to depend on borrowings to run its show.
The financial proposals of two bidders – Suraksha and NBCC – have failed to pass muster at the Committee of Creditors (CoC). NBCC has sought time till April 24 to submit a revised proposal.
The expenditure incurred on these projects till December 2018 was Rs 8,06,997.78 crore, which is 37.82 per cent of the anticipated cost of the projects.
The programme was co-funded by Indian Department of Science and Technology (DST) and Swedish agency Vinnova.
Here comes an Ambani project that could reset the entire urban infrastructure scene in India.
The issues around debt-servicing and NPAs has serious ramifications from a cost of capital perspective.
Three years after the cities were chosen, ET looks at how the journey of one of the first few has been.
The move is aimed at unlocking money of both lenders and private players, including crisis-hit IL&FS
Mumbai-based IndoSpace, backed by private equity fund Everstone Group, had last year closed its third and largest logistics real estate fund of $1.2 billion, increasing its total commitment in India to over $3.2 billion.
The matter pertains to four-laning of 163-km stretch on NH-33 connecting Ranchi to Jamshedpur for which the National Highways Authority of India had chosen Madhucon Project Ltd on March 18, 2011.
GIFT City Co, which is implementing the GIFT City project in Gandhinagar, is a 50:50 JV b/w IL&FS and the state govt-owned Gujarat Urban Development Co.
The Dwarka Expressway, once completed, will open newer avenues for industrial development in the entire region, Finance Minister Jaitley said at the event.
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