Infra sector is crumbling as project delays, cost overruns and financing woes mount. Even new models like hybrid-annuity are proving to be unviable. Private sector investment is the key to revival, but the return of private capital may be delayed because of the inherent weakness in financial markets.
-Under HAM, 40% of the project cost is borne by the govt and the rest can be raised by the contractor via debt or equity -NHAI accounts for 70% of all road investments, which, in turn, rely mainly on cess collected by the government
Ranajit Bhattacharya, an otherwise healthy senior official of construction company IVRCL, fell sick on March 31, 2016, after getting a phone call. Read More