ramu
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Foreign exchange reserve has nothing to do with it. We suppose to keep 3 mos worth of import bill as reserve but we are keeping 5-6 mos. That is all. When reserve gone up govt asked private investor to take loan on foreign currency so that they could sell them.
Before jumping in to a discussion read the context. If 7 billion is not a big amount then I will disagree. It has no relation is a silly argument not relevant to the context of discussion.
Basically Narita airport of Japan shown keen interest to invest in that airport. Also Singapore airport a competitor as well. It will not only serve BD passenger and cargoes but also will act as a trnshipment facilities for other air destination.
Transit has nothing to do with Airport so let us stop discussing that unless 7 billion includes the airport which I dont think is the case.
Regarding Expressways. Its not only the building cost but also land price and rehabilitation cost involved. Land price is too high, as well as you have to relocate too many people for every road you construct. It is highly dense. On top of that, you need to build too many bridges in every roads.
If you had read the article it would need no more explanation. 1000 cr in 6000 cr i.e., 16.6% of the money is kept aside for land purchase prices. Also looking at the track record of previous rehabilitation the BD has done, I prefer not to counter this as it will open a new can of worms. Next, the example quoted is an express way and not a mere transit highway ! Get the difference.