Following a historic mandate, the Modi-led government is now expected to shift its focus on the governance. Here's what is on the agenda for infrastructure space:
The priority is likely to be the privatisation of six airports for which Cabinet approval is still pending. Another attempt is expected for divestment of Air India and Pawan Hans.
Under Navnirman policy, the focus will have to be on making the market ready to cater to air traffic of around 1 billion passengers by 2040 which would need 200 operational airports. From the industry perspective, the inclusion of ATF under GST is something that the industry expects the government to work on.
After the lacklustre response to the second bundle of highway projects and the Toll Operate and Transfer (TOT) model, more TOT bundles are expected in a phased manner with an average length of about 500 KM. The focus will also be on addressing land acquisition issues where almost 26 National Highway projects were delayed as of February.
The electrification drive of 10,500 KM of railway tracks by 2022 and the ambitious project of bullet train or Mumbai-Ahmedabad High-Speed Rail Project are areas which are likely to gain speed. In addition, station redevelopment, incremental freight loading and non-fair revenue will also be the areas in focus.