The Union Cabinet has approved certain amendments to the existing Model Concession Agreement (MCA) for PPP projects at the Major Ports, which will address some of the thorny issues faced by the existing PPP port projects and attract more private investments to achieve capacity targets set under the ..
With surplus capacity addition of container terminals in the Mundra-JNPT (North West) and the Chennai cluster (South East) regions, container terminals are likely to witness severe competitive pressures for larger share of incremental volumes; and thereby pressure on realisations as well.
The volume growth at major ports was low at 3 per cent during the first five months of current fiscal FY2018 as coal volumes recorded 12 per cent decline during the period, even as iron ore volumes grew 29 per cent.
The government has taken various steps in the last three years to boost the sectorâ€™s overall efficiency. FY2016-17 marked the introduction of various government initiatives and policy actions that are likely to transform the sector in the long term.
The metro rail sector has seen strong traction in the past couple of years and growth of the metro network in new cities is expected to provide sizeable opportunities for construction companies owing to a strong pipeline of projects that are in the approval or planning stage.
The construction sector in India has evolved gradually over the years in terms of adoption of new materials, processes and technologies. However, in comparison to other sectors, it has been slow to adapt to digital technologies.
Asset sales in the road sector have picked up over the last 24 months with the relaxation in exit policy. Sponsors in around 20 road assets involving a total cost of Rs 123.27 billion have monetised their assets as opposed to around Rs 70 billion in the preceding 50 months.
During the first seven months of FY2017, cargo throughput at major ports has registered a 4.6 per cent growth over the corresponding period of the previous year. The growth was supported by a doubling of iron ore cargo volumes (21 MT against 10 MT) as well as growth in POL (9 per cent) and other car..