Ashish Kumar Singh, Principal Secretary, Public Works Department (PWD), Government of Maharashtra, speaking at the Confederation of Indian Industry (CII) Conference on Infrastructure Project Management, in association with CBRE, highlighted the challenges faced by the government in executing infrastructure projects particularly the need for a pool of contractors who are supported by a team of skilled personnel who can deliver world class projects.
Japan International Corporation Agency (JICA), the Japanese funding agency, has shown keen interest in financing the Rs 4,000 crore Surat Metro Rail Project. The detailed project report (DPR) of the 35-km-long metro rail, being prepared by Delhi Metro Rail Corporation (DMRC) along with CEPT University in Ahmedabad, is likely to be ready in next six months.
GARIMA P traces the progress made by private equity funds in real-estate funding in the country in the wake of the economic slowdown.Caught between the devil and the deep blue sea, private equity (PE) funds in the country are facing trying times. Exit opportunities have narrowed with profit margins also dipping.
Gujarat Chief Minister Narendra Modi on July 27 stated that the State government would be spending Rs 75,000 crore on urban development over five years (2012-17). Gujarat is fast pacing towards urbanisation with over 42 per cent of the population residing in urban areas, Modi said at a workshop on Urban Development in Gandhinagar.