Urban Infrastructure

The requirement of water in the state was projected to increase to 726.46 million litres per day (MLD) -- 575.97 MLD in rural areas and 150.49 MLD in urban areas -- in 2021

The dates for the Gandhinagar meeting have not been finalised

Railways ministry gets highest-ever capital expenditure allocation, of Rs 2.4 trillion in FY24

During an interview with a British journalist, a top official of Qatar involved in the courtry's World Cup organization has put the number of worker deaths for the tournament between 400 and 500

Municipal bonds account for a marginal share in debt financing, says the report

Officials say that the issue climate resilient urban infrastructure is key for developing and developed economies

Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability

Group power company to raise Rs 3,000 cr separately

Globally, municipal bonds are an established and major source of funding for urban infra. However, the municipal bond market is quite underdeveloped in India, notes Vinayak Chatterjee

Firm achieves financial closure of its second HAM project and partners with PTC India Financial Services

The regulator is of the view that lack of uniform solution can lead to proprietary issues and prevent integration for a seamless digital revolution in the urban infrastructure.

Urban infrastructure across India has emerged as a major concern. The main reason behind this the state governments' bidding process for road construction. According to rules, the lowest bidder gets the contract but the winner also does shabby work. The "classic" example is that of roads in Pune and Mumbai. Recently, we have noted in the print media that Brihanmumbai Municipal Corporation has "blacklisted" five contractors for laying poor quality roads. It is high time the government adopted the public-private partnership mode for urban infrastructure, a practice followed the world over. It will be also desirable if municipal corporations raise adequate funds by issuing bonds, which will help develop quality roads.Satish Murdeshwar PuneLetters can be mailed, faxed or e-mailed to:The Editor, Business StandardNehru House, 4 Bahadur Shah Zafar MargNew Delhi 110 002Fax: (011) 23720201E-mail: letters@bsmail.inAll letters must have a postal address and telephone number