Infrastructure firms seek instant delivery systems
Buoyed by the sufficient funds allocations for infrastructure sector, private players are expecting astronomical push in their business in the near future. But to make the most of the adequate funding the Government must put in place a quicker project delivery mechanism as quickly as possible, they demanded.
By allocating over 46 per cent of the total plan outlay for infrastructure development the Government means business and wants to push the process of awarding contracts thereby opening up huge opportunities in the sector. In the increased market size all players will reap rich benefits said Pervez Umrigar, Managing Director, Gammon Infrastructure,adding that his firm has a portfolio of 16 infrastructure projects including roads, ports, green energy and of these seven are currently under construction.
Similar sentiments were expressed by Mr. Y. M. Deosthalee, Chief Financial Officer, L&T, who said that his company currently is implementing construction projects worth Rs. 58,000 crore including scores of projects in the energy generation sector alongside it is also engaged in the power equipment manufacturing. In the infrastructure sector projects are getting delayed largely due to procedural hiccups and the malice has impacted innumerable top line infrastructure companies.
Expressing his dismay over the dilly-dallying procedure of the Government, Chief Financial Officer, GMR Infrastructure, A Subba Rao, said that in the whole past decade the National Highways Authority of India (NHAI) had managed to award just about 10,000 km of road projects. In the given scenario an ambitious target of building 20 km of roads per day is challenging but achievable provided Government improves its project delivery system, he insisted.
By allocating over 46 per cent of the total plan outlay for infrastructure development the Government means business and wants to push the process of awarding contracts thereby opening up huge opportunities in the sector. In the increased market size all players will reap rich benefits said Pervez Umrigar, Managing Director, Gammon Infrastructure,adding that his firm has a portfolio of 16 infrastructure projects including roads, ports, green energy and of these seven are currently under construction.
Similar sentiments were expressed by Mr. Y. M. Deosthalee, Chief Financial Officer, L&T, who said that his company currently is implementing construction projects worth Rs. 58,000 crore including scores of projects in the energy generation sector alongside it is also engaged in the power equipment manufacturing. In the infrastructure sector projects are getting delayed largely due to procedural hiccups and the malice has impacted innumerable top line infrastructure companies.
Expressing his dismay over the dilly-dallying procedure of the Government, Chief Financial Officer, GMR Infrastructure, A Subba Rao, said that in the whole past decade the National Highways Authority of India (NHAI) had managed to award just about 10,000 km of road projects. In the given scenario an ambitious target of building 20 km of roads per day is challenging but achievable provided Government improves its project delivery system, he insisted.
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06 March 2010
