12 EXPRESSWAYS IDENTIFIED FOR PRIVATE DEVELOPMENT

Article Abstract:

The government has decided to hand over the construction of 12 expressways, totaling 12,937 km, to the private sector on a build, operate and transfer basis. The cost of developing the expressways has been estimated at Rs10,000 crore. A National Expressway Authority of India, under the control of the surface transport ministry, is to be set up to oversee the implementation of these projects. Some of the major expressways identified are 2,000 km between Kandla and Calcutta through Jhansi, 1,800 km between Kanpur and Silchar through Gorakhpur, 1,470 km between Delhi and Hyderabad through Bhopal, 1,452 km between Delhi and Calcutta through Varanasi, 1,100 km between Hyderabad and Tuticorin through Bangalore, 580 km between Chennai and Tuticorin, 681 km between Chennai and Cochin, 880 km between Calcutta and Cochin and 710 km between Bangalore and Mumbai. (khr)

Comment:

India: Construction of 12 expressways totalling 12,937 km to be done by private sector on a build, operate and transfer basis

Highway and Street Construction, Highways Construction, Road construction, Highways

WORLD BANK GRANT FOR BEST INDIAN COMMODITY FUTURES EXCHANGES

Article Abstract:

The Forward Markets Commission (FMC) is identifying specific commodity exchanges for offering a World Bank grant of $490,000 got from the Institutional Development Fund (IDF). The move is aimed at chalking out a plan for modernising the regulatory framework for the futures market. The grant will be used to fund consultants' services and activities such as training through workshops. (ag)

Comment:

India: Forward Markets Commission is identifying specific commodity exchanges for offering World Bank grant of $490,000

Securities and Commodity Exchanges, Commodity Exchanges

GOVERNMENT PEGS BORROWING LOWER AT Rs57,400 CR

Article Abstract:

The government has estimated its net borrowings at Rs57,400 crore for 1999-2000 compared to the net borrowing of Rs68,950 crore until February 19, 1999. The gross borrowings will be Rs93,000 crore taking into account repayments of Rs26,000 crore. There will be less pressure on interest rates as government borrowings will come down. (khr)

Interest Rates