Category: Roads

Public sector banks (PSBs) have been far more prudent in their lending to the IL&FS Group as they lent against escrowed cash flows in the operating companies, according to Uday Kotak, Non-Executive Chairman of the government-appointed nine-member board of directors of the beleaguered infrastructure development and finance company.

The Indian employees of IL&FS in Ethiopia continue to be held hostage as the Commercial Bank of Ethiopia (CBE) is not releasing the payment to secure their release owing to pending court cases of local contractors with IL&FS.

Though the govt has constructed highways and developed inland waterways, project funding and road safety concerns remain

The government will have to increase allocation for building roads under the Engineering, Procurement and Construction (EPC) model in the coming Budget if it wants the road sector to thrive. That is the only window where the government can spend money under the infrastructure sector for building highways.