Riding The Big Waves - J Kumar Infraprojects
10/11/2010 12:31 PM Monday
What are the civil infrastructure projects currently under implementation by your company?
Projects currently under implementation by our company are as follows. In transportation engineering, roads account for 21 per cent, flyovers account for 25 per cent, and skywalks account for 32 per cent of our work orders. Civil contracts accounts for 13 per cent, irrigation form 8 per cent and piling shares 15 of our work orders.
What is the total value and timeline for implementation of these projects?
Total value of our projects is Rs 1350 crore and the timeline for project completion is around 1 to 2 years.
What are your views on the BOT/BOLT/BOOT schemes under the PPP model? What changes, if any, are needed to be done in these schemes?
The public private participation creates a win-win situation for all the participants. Another important policy that the government can create in the forthcoming budget is to give an indication on incentivisation position, on the issue of sustainability of infrastructure investments. Heavy capital investments made need equally significant and assured financial allocations for maintenance of assets created. With the entire country’s focus being clearly on creation of new assets across Infrastructure sector, it is important to realize that there is no point having large allocations without corresponding allocations for maintaining the asset base created.
This is applicable even for PPP projects where the maintenance expenses have to be incurred by the private operator but he needs assured cash flows from the business (in quite a few cases the assured income comes from budgetary allocations towards annuity payments).
Concession agreements in PPP projects have evolved greatly over the past decade. The focus has shifted from technical details to a stage where the government and developer work together to finalize specifications prior to submission of bids.
What are the roadblocks/bottlenecks in the speedy implementation of roads, highways and other infrastructure projects?
Trespassing and availability of raw material and labour, other than these we don’t face any roadblocks/bottlenecks.
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