The finance ministry is working on a proposal to allow private institutional investors secure a board representation in the government-backed Infrastructure Investment Trusts (InvITs) managers following their investment in these collective investment vehicles. The move is expected to help attract more interest from large global funds to acquire a stake in these InvITs, which are … Read more
Top officials, including the cabinet secretary, are directly monitoring projects. Synopsis The Ministry of Road Transport and Highways in November received an additional allocation of `10,000 crore from the finance ministry, and the exercise will ensure that the funds are utilised by March-end, a senior government official told ET. New Delhi: The highways ministry has … Read more
As many as 432 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of over Rs 4.29 lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,670 such … Read more
By Vrishti Beniwal Infrastructure projects in India are infamous for cost overruns and delays, and they are set for even more pain as the coronavirus sweeps through Asia’s third-largest economy. Construction of everything from roads to ports were behind schedule by an average three-and-a-half years, according to an analysis by the Statistics Ministry. Costs of … Read more