The state-led, road-sector capex is expected to witness robust growth over the next three years, supported by several expressway projects launched or announced by the states of Maharashtra and Uttar Pradesh, according to ICRA.
Formerly known as Welspun Projects, Welspun Enterprises is part of the Welspun Group. Pursuant to a scheme of arrangement and amalgamation, the erstwhile Welspun Enterprises, Welspun Infratech, Welspun Plastics and Welspun Infra Projects were merged into Welspun Projects, which was renamed Welspun Enterprises.
Smart cities have been provided some seed money from the Centre and the state, with some to be generated from their own budget. But the financial requirement still remains huge, as a smart city plan has to benefit the entire city and is not just limited to the area identified for development.
As reported, a high profile committee chaired by Finance Minister Arun Jaitley will be looking into the stalled shipping projects worth around Rs 20,000 crore. Over a dozen shipping projects, including the Kandla and Visakhapatnam ports, have been stalled for a considerable time due to numerous reasons, including the projects being abandoned by contractors.
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 Sagarmala programme.
Keeping in mind the government’s thrust towards digitisation, NHAI has recently launched a smartphone application that will enable travellers to rate national highways in the country. Deepak Kumar, Chairman, NHAI, also launched a multilingual website along with a Project Monitoring Information System (PMIS).