Singapore consortiums of Ascendas-Singbridge get master development rights for start-up area of AP’s Amaravati. Good choice ~ expertise + deep pockets.
-Amaravati to follow the Singapore model The consortium will develop an area of 6.84 square km in Amaravati in the first phase. It will have an equity participation of `306 crore (58%), while Amaravati Development Corporation (ADC) will have `222 crore participation (42%).
Highway construction pace keeps increasing steadily. 23 km / day in April 2017 is 10 times the lows to which it had fallen 3-4 years ago.
– Revving-up highway construction The government is keen to increase the pace of highway construction to 40 km per day from the current 23 km per day. Besides, it is also set to lease out 100 highway projects next month.
Make in India’ now for Nuclear projects: Cabinet clears 10 nuclear plants totalling 7000 MW ~ but these will be indigenous PHW reactors.
– Nuclear power sector gets a boost The new reactors would come up as a home-grown initiative. The idea is to link the goal of a strong nuclear power sector with indigenous industrial capacity building in high-end technologies.
Major shift in Delhi landscape. LG notifies 89 villages as urban areas thereby enabling land-pooling & bringing in 40,000 acres for devpt.
– Decks cleared for development. The move is expected to clear the way for easy land acquisition. The Delhi government will no longer need to buy land from Delhi Development Authority (DDA) for developing electrical sub-stations, sports and educational facilities, industrial areas, etc.
India & Japan, who have both not participated in China – sponsored OBOR, plans to join hands to develop their own version across Afro-Asia.
– Indo-Japanese collaboration for Asia-Africa connectivity. The partnership will focus on countries on the eastern coast of Africa and infrastructure building is likely to happen in the countries of Ethiopia, Somalia, Kenya, Uganda, Tanzania, Mozambique and South Africa initially.
Real data: Statistics on huge pick up in road construction well corroborated by data on bitumen usage – both domestic & imports.
– Bitumen demand soars As road construction picks up pace, there has been a sharp increase in the domestic demand for, and imports of, bitumen a refinery by-product that is used in laying the surface of roads. India’s refining capacity rose by 21% since 2010-11 to 234 million in 2017-18 and bitumen imports increased by a whopping 823% during the period.
% GST applicable on coal clearly expected to reduce electricity rates somewhat. Power plants currently pay 11.7%. Sensible categorisation.
– Electricity rates to decline marginally The 5% GST rate applicable on coal will make electricity slightly more affordable to the poor and farmers. The reduction in tax incidence of coal would result in lowering electricity generation cost by 6-7 paise.