Of the total 46 SRTUs, three registered net profits in 2014-15. Amongst the net loss-making SRTUs, Delhi Transport Corporation was the largest at Rs 3,991.46 crore...
Tweet: After DISCOMs, it’s State Road Transport Undertakings (SRTUs). 46 SRTUs consolidated loss figure around Rs 11,000 crores. Need overhauling.
State road transport undertakings in the red: Of the total 46 SRTUs, three registered net profits in 2014-15. Amongst the net loss-making SRTUs, Delhi Transport Corporation was the largest at Rs 3,991.46 crore, followed by BEST Undertaking (Rs 846.47 crore) and Kerala SRTC (Rs 755.03 crore).
Tweet: Roads Min poised for Rs 50,000 crs “off-budget funding” under Toll-Operate-Transfer scheme. LIC, EPFO + PE/Pension funds quite interested.
The funding roadmap: The ministry of road transport and highways is looking at tapping all avenues for raising funds for its ambitious road expansion programme. Other than budgetary allocations and sources such as the road cess and PPP projects, the big initiative is to transfer NHAI-owned stretches that are collecting toll into the hands of private funders under the TOT scheme to raise a large corpus of funds.
Tweet: Irrigation emerging BIG opportunity even beyond Union Budget. In Telangana state budget, bulk of allocation—Rs 26,657 crs for Irrigation.
Now states focus on irrigation: The Union Budget has shown the way with its rural-centric budget. Telangana government has allocated nearly a third of the planned expenditure of Rs 67,631 crore for the irrigation sector which will be channelled through its flagship programmes Mission Bhagiratha and Mission Kakatiya.
Tweet: Alarming Shortage: Cen Water Com warns ~ storage at 91 major reservoirs at historic low of 29%. NTPC cuts prod in WB due to Farakka dryup.
Water storage plunges to alarming levels: Water storage in 91 major reservoirs of the country has plunged to 43.394 billion cubic metres (BCM), which is 27% of total storage capacity of these reservoirs. This was 70% of the storage of corresponding period of last year and 74% of storage of average of last ten years.
Tweet: Policy regime reset should help. 90% of airlines spend of Rs 5,000 cr pa on MRO (Maint, Repair & Overhaul) goes to neighbouring aviation hubs.
Indian MRO units losing out: MRO units based in countries such as Sri Lanka, Singapore, Malaysia and the United Arab Emirates are benefiting from the massive amount—Rs 5,000 crore—being spent by India’s airlines, as these MRO units offer lower costs, faster turnarounds and higher technical expertise.
Tweet: Removal of AAI Chairman widely seen as a rap on the knuckles for lackluster devpt of airports and handling of airport related matters.
AAI chairman exits: The removal of Airports Authority of India (AAI) chairman RK Srivastava by the government came nearly 15 months after he was brought in for a five-year term. Arun Kumar, who is at present joint secretary with AAI, will succeed Srivastava.
Tweet: A unique Centre-State Investment Agreement is under finalisation. States that sign it voluntarily will be perceived safer by investors.
Ensuring FDI-friendly states: In a bid to make state governments fulfil their obligations and ensure effective implementation of the Bilateral Investment Treaty (BIT), the finance ministry is drawing up a blueprint for a first-of-its-kind agreement. The effort is to make India a more attractive destination for foreign investors.
Tweet: After Lucknow, Kanpur Metro. UP Cabinet clears 32 km long, R14,000 cr project. Metros clearly ‘key impact’ for politicos in urban India.
Metro projects for UP cities: The UP government has cleared the 32-km Kanpur Metro project, which will come up with two corridors spanning 31 stations. While the Lucknow Metro is already under way, Varanasi too can expect to get its own mass rapid transport system before the end of this year.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie