India Infrastructure Update. Shingania and Partners. June 2011
Shingania and Partners released their 'Infrastructure Update' report of the month of June. They have changed the format of the report and now it is not so much about tenders but more about different pieces of news. The report not only focuses on infrastructure but also on renewable energy, power, oil and gas. The list of topics covered in the report is the following:
- Roads & Highways
- Renewable Energy
- Power, Oil & Gas
- Project Finance
- While the Ministry has set a goal of awarding 7300 km of national highways projects in 2011-12, Prime Minister said that he expected them to exceed this target.
- The pace of construction in the sector rose from 4.9 km a day for the whole of last year to 6 km a day constructing 894 km of highways between January- May 2011.
- The government has decided to replace private sector infrastructure firms IL&FS and IDFC with state-backed institutions in a special purpose vehicle (SPV) set up to build a mammoth industrial zone between the nation's largest cities as it does not want private players to profit from the upside created by government funding.
- The Union government may allow industries located near the 13 ports it owns to set up cargo terminals at these facilities for their exclusive use.
- The Noida, Greater Noida and Yamuna Expressway authorities on Monday have planned for large scale infrastructure development across Gautam Budh Nagar district. In a joint board meeting, the major focus of the Authorities remained on providing connectivity within the district as well as with Delhi.