India Report 2011
Funding needs to diversify
India was on top of the world last year. It became the number one market for infrastructure projects as it raised the largest amount of project finance money for its infrastructure needs. But now it needs to diversify its funding sources. Minerva Lau writes.
L&T goes merchant for hydro
L&T Uttaranchal Hydropower Limited has successfully achieved financial closure for its 99MW hydroelectric power project. This is India’s first fully merchant sales-based hydroelectric power plant. By senior vice-president Rajat Misra, vice-president Yashpal Singh and deputy manager Prithu Vatsa of SBI Capital.
Innovating on the highways
IDFC has recently achieved the financial closure of two innovative highway projects. By Sanjay Grewal, group head, project finance, IDFC
Malé uses Indian skills
Indian infrastructure players are using their skills overseas. By Mohit Jain, AVP, and Prem Raj Suman, senior manager, Axis Bank.
Metro's red PPP signal
In late February, India flagged off its first high-speed underground rail link to connect the capital’s swish new airport terminal to the heart of the city’s colonial-era shopping hub at speeds of 135km an hour. By Matthias Williams.
Bridging the road deficit
The Indian road story is back on the highway! So one would like to believe. By Manish Agarwal and Dr S Vasudevan, KPMG Advisory Services.
Rating road bonds
The National Highway Development Programme (NHDP) is India’s largest road development programme in its history. About 65% of freight in the country and 80% of passenger traffic is carried by the roads. By S Nandakumar, senior director, global infrastructure and project finance, Asia-Pacific, Fitch Ratings.
Trends in social PPPs
The importance of public-private partnerships (PPPs) in the future growth story is unquestionable. By Vishwas Udgirkar, Kushal Singh, Vishal Gupta and Akshay Purkayastha of Deloitte Touche Tohmatsu India Private Limited.
Deep bonds the way forward
Funding could become a key issue for PPPs. By Manash Mitra, managing director, Nomura Infrastructure Investment Advisors Pte Ltd.
