Page 5 - Road Projects

M&As in road sector pick up over easier exit norms: Icra

The country relaxed the exit policy for road projects under the public private partnership (PPP) model in May 2015. The policy move is showing results with a higher quantum of deals seen in the road sector in the last two year's time, according to rating agency ICRA Ltd.The rise in deals, however, may not have brought cheer to a good number of road projects sponsors as the ICRA data suggest 31% of the deals in the last two years were made at a loss to the investor."In about 31% of the transactions, the return to the developers is negative, indicating loss on investment. Developers with a weak credit profile are the ones who disposed of their assets at a loss as liquidity took precedence over profit-making for them," said K. Ravichandran, Senior Vice President and Group Head, Corporate Ratings, at ICRA.In a media statement on Wednesday, the rating agency said, "Sponsors in around 20 road assets involving a total cost of Rs.12327 crore have monetised their assets as opposed to around ...

Govt okays Rs 11,000 cr road projects for Left-wing hit areas

The roads will be operable through the year, irrespective of weather conditions

Government approves Rs 1,955-crore road link project

The new project highway is a new formation of the missing link at NH-131A to NH-133B connecting Sahibganj in Jharkhand and Manihari in Bihar

Centre to extend its four lane project up to Rameswaram

Centre has allocated Rs 685 cr for converting the two-lane road from Madurai to Paramakudi into a four lane one

Road projects to build balance sheets of infra companies from next year

In the past year, NHAI has awarded close to Rs 60,000 crore worth of projects, mostly as cash contracts

Nagaland gets Rs 340 crore for road projects

The funds have been sanctioned for Dimapur-Chumukedima and Kohima Check Gate to Lerie Highway

Breather for stranded road projects

HCC to benefit most from new arbitration mechanism; so will Gammon Infra, IDFC, NCC, Punj

Why did banks 'over-finance' road projects, asks Par panel

The panel has raised questions about huge loans advanced to Jaypee Infratech turning into NPAs

403 road projects worth Rs 3,85,000 crore pending: Gadkari

Minister says by next Parliament session, a decision will be taken to either restart these projects of shelve them

Govt committed to complete rural road projects by 2019: Ram Kripal Yadav

PMGSY was envisaged during the previous NDA government but progress slowed down as the UPA reduced its funding

Govt requires Rs 1.4 lakh cr to meet road targets for FY17

Govt has set a target of completing 15,000 km of road in FY17 from 6,061 km in FY16

Banks to infuse more funds into stalled road projects

At least 7,500 km of highway projects are said to be stalled