Thread by @TowardsLiberti on #FACTCHECKING claims on #BangaloreMysoreExpressway .... I travelled on this last week & took 2.5 hours

but what shocked me was the COST of construction/100mtrs . considering that its only 40% GREENFIELD (its 60% BROWNFIELD)

FYI: No STREET LIGHTS yet
Total Length: 111km
Total Cost: 8,480cr
Type: From existing 6 lanes to 10 lanes.
NOTEWORTHY: Expressway has 3 lanes in each direction & 2 Services lanes on each side making it 10 lanes. ACTUAL Expressway is 6 lanes.

Its costing Rs76 lacs/10 meters of road (40% greenfield)🧐😳
consider 2 points when accessing COSTS/km
(1) Unlike Mum-Pune highway (personal view, better road) with significant "Ghats"/MOUNTAIN Terrain, BLR-MYSR is almost FLAT terrain. MOUNTAIN Terrain costs substantially more.
(2) 60% was Brownfield (upgrade) & 40% greenfield.
Now, costs don't end there.... NHAI is funded via the budget grants & borrowings which is eventually funded by OUR TAXES (GST, Income tax).

YET, one ends up paying toll of Rs250/way or Rs2/km. Cost of fuel ~Rs5.6/km (Highway Mileage of 18kmpl).

35% of Travel cost is TOLL!!
At the moment, there are NO STREET LIGHTS (or if at all only in limited patches), so driving at night is a bit dangerous especially since there is NO BARRICADE between traffic on both sides.. so the oncoming traffic lights are uncomfortable.
What about toilets and rest areas ? REST area would come up on a 30-acre island-like plot at Channapatna at a cost of Rs. 1,200 crore....

Its almost like 1 crore does not matter any more
When people start feeling "Proud" of the BIG CAPEX NUMBERS, remember.... the way "Capex" is being done in the past 6 years, there is lots of "GOLD PLATING". If NHAI were to sell this road to a bidder, they will report a LOSS on Investment of at least 30% (My Guess)
Indias edge is "Low Cost"
Maruti is the Lowest cost small car manufacturer.

India NEED COST EFFECTIVE Construction of INFRASTRUCTURE which would then make up competitive... We do NOT need "GOLD PLATED" infrastructure.

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More from @TheFactFindr

Mar 11
I sure hope they don’t split up SVB. Instead they should be sold as one. Different parts of SVB work for different aspects of STARTUPS. Most of the STARTUPS use them for thier PAYROLL. Should the payroll collapse, employees could leave. Many of these STARTUPS provide services
For bigger firms and that would render many of these otherwise good firms facing an tech operational issue

Many Indian cos & STARTUPS also use services from STARTUPS in the valley. Some would have also paid these STARTUPS advance money for services.

Hopefully SVB is NOT split!
Read 5 tweets
Mar 11
#BangaloreAirport Terminal 2 (T2) is a 5 STAR HOTEL LOBBY …. Probably a 7 star
BELL SHAPED VIDEO LED DISPLAYS are super expensive …what a sheer waste of money ?

Airports are supposed to be Utilities and NOT the playground for the Rich.

COSTS will be borne by the Passengers
basic FOOD ITEMS is so expensive at the Terminal Now. Its 5* prices.

Your TICKETS will become permanently EXPENSIVE given the massive hike in UDF.
In 2023-24, UDF will be ₹1,400 for international and ₹450 for domestic In FY 2024-25, it will be ₹1,500 for international and ₹550 for domestic This rate will be applicable from April 1, 2025, to December 2025.

In 2019 it was Rs550 for International and Rs139 for Domestic.
Read 4 tweets
Mar 2
#AdaniGroup #GQGPartners $2Bn Block Deal is FAILSthe SMELL TEST in my opinion….. here is why

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2) NO MONEY goes to the Co. ONLY PROMOTER margin call
Let’s look at #GQGPartners in more detail. Here is an interesting Interview & Bloomberg

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Average Price Earnings (PE) of EM Portfolio is just 7X … all Adani Stocks are 26X to 144X Image
Read 21 tweets
Mar 2
Agree… you know and I know it’s wishful thinking ..
Just like TAXING FARMERS NET INCOME is wishful thinking
Just like EXPECTING the govt to cut GOLD IMPORT DUTY TO ZERO as wishful thinking … COZ higher the IMPORT DUTY…. The more Profitable GOLD SMUGGLING IS… and being in charge of PORTS and AIRPORTS helps
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Mar 1
FACT CHECKING the INTELLECTUAL HONESTY of @DeepakBagla_ (DB), CEO of #Investindia at a Treasury Leadership Forum 2023 was shared by several people with Wow! Link of his presentation at the end.
1/n
2/n
DB Said: "India was 25% of Worlds GDP in 1750s"
TRUE: Indias POPULATION was also ~27% of the Worlds. Table Attached.
Before Industrial Revolution, India was blessed with Fertile Land, Rivers & 4 Seasons/yr. HEAVEN
Europe & N. Asia had Harsh Weather. US was a non-entity.
3/n Look at this Chart of World GDP per Capita from the ancient world to today.

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Mar 1
First ADVERTISEMENT for #Elections2024 already out. Very professionally done.
Do you know where I got this Video from ? #NRI WhatsApp group
Am sure they make this in Multiple local languages. Very easy to do now a days with AI Tech. Safe to Say that OPPOSITION is miles behind
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