More is definitely not good.

Our most revered Finance Minister is very proud that companies building highways pay the government large sums of money to get the contract rather than the government paying them for construction. The government has received Rs 30 billion from such " premium ". In return the company is given a 30 year monopoly in collecting toll fees from vehicles. To make a profit companies set up toll booths every 25 kms charging anything from Rs 25-98 from cars and more from trucks wasting time, wasting petrol and leading to increased prices as the cost of transport is passed along to consumers. One car trip from Delhi to Vadodara in Gujarat, a distance of nearly 1000 kms, cost a total of Rs 751 at 18 separate toll booths. The road was good in short stretches but there were long stretches where the surface was broken, as near Udaipur, or construction work was going on, as between Delhi and Jaipur, causing long delays. People, therefore, try to avoid road travel as much as possible and companies keep whining for increase in toll rates. Delhi International Airport Ltd is asking for an increase of 774% in airport charges from passengers because it is unable to meet interest payments on its loans. As costs go up passengers crowd low cost airlines reducing revenues. Every domestic airline, except Indigo, is making huge losses. Now banks are refusing to lend money to infrastructure companies that bid aggressively for projects last year. GMR, the company which built Delhi airport and is now begging for increase in airport charges, has bid for Kishangarh-Udaipur-Ahmedabad highway expecting revenue at Rs 6.36 billion per year when expected revenue is Rs 5.50 billion per year. BSPCL Infrastructure has paid a premium of Rs 290 million for a road construction contract of Rs 1.20 billion. Indiabulls has won a contract for a 1500 MW power plant which will provide electricity at Rs 0.85 per unit, less than half of what other companies were offering. Naturally, companies cannot deliver on such bizarre contracts which are later revised, increasing costs by many times. Maybe that is what companies depend on. Get the contract, start work, then complain about lack of funds, with suitable greasing of palms, and get more money out of suffering taxpayers. The central government auctioned 3G telecom licenses raising Rs 1 trillion. Even though 2 years have passed 3G services have not taken off. Mr. Kapil Sibal, Telecom Minister said," 3G has not delivered because they paid such huge prices for the spectrum and there is no liquidity in the market to invest in infrastructure and the devices to deliver 3G, for which 2G was successful but 3G was not." Unfortunately, the Supreme Court has cancelled all 122 2G licenses and ordered them to be auctioned because former Telecom Minister has been judged to have distributed licenses to favorites who then sold them for huge profits. Roads, power plants, bridges, airports are being built all over the world. How can our fellows not learn how to do it properly. Maybe they do not want to learn. Black money?