Friday, January 8, 2010

Ensuring availability of equity and debt funds for the development of the huge pipeline remains the most critical of these.

‘Positive measures taken to improve bidding process'

If you found the going slow on the roads front in 2009, and wondered why, Mr Rajesh Samson, Partner-IRG (Infrastructure, Real Estate & Government), Ernst & Young, offers a few reasons.
The year 2009 began in the backdrop of the global economic slowdown, he reminisces, during the course of a recent e-mail interaction with Business Line. “Capital markets were trading at all-time lows, and avenues to raise equity were severely constrained. Further, with elections slated for May, developers were also waiting for clarity on the political front,” Mr Samson narrates.

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