Infrastructure firm PNC Infratech today said it has received an amount of about Rs 60 crore as bonus from the Uttar Pradesh government for early completion a section on Agra-Lucknow expressway. The scheduled date to complete the 56 km Agra to Firozabad section on the highway was January 28, 2018, PNC Infratech Managing Director Yogesh […]
Category: Roads
Roads
Road contract monetisation: Firms submit bid for toll-operate-transfer plan
As many as four firms have submitted their bids for the first batch of toll-operate-transfer projects, kick-starting the Union government’s road contract monetisation plan. MAIF 2 Investment India 2 Pte Ltd, Singapore, IRB Infrastructure Developers Ltd, Mumbai, Spice Holding I Pte Ltd, Singapore, and a consortium of Roadies Concessions Infrastructure Holland BV, Netherlands & NIIF […]
Odisha sanctions 29 roads in LWE hit districts
Odisha government has sanctioned 29 road projects to upgrade connectivity in the left wing extremism affected Malkangiri and Koraput districts, official sources said. The projects at an estimated cost of Rs 350.52 crore were sanctioned in the first governing body meeting of the newly constituted Odisha State Rural Connectivity Project Agency (OSRCPA) held under the […]
Export credit agencies: Potential partners for Indian infrastructure
Export credit agencies (ECAs) have globally played a significant role in promoting trade and investments by providing insurance and funding. It is important for global infrastructure investors and the Indian government to look at ECAs as a significant enabler of much-needed infrastructure investments in India. This is especially true for new infrastructure projects, or greenfield […]
BRO builds strategic road in remote Arunachal Pradesh district
The Border Roads Organisation (BRO) has achieved another major feat in Arunachal Pradesh by building an ‘operationally critical’ road and another bridge in the remote Upper Subansiri district of the state, along the India-China border. The construction work was undertaken by the BRO under its Project Arunank – an initiative to connect the inhospitable terrains […]
PM Modi gives weaker road builders a path to sell more bonds in FY18
Indian Prime Minister Narendra Modi has big plans for road building, and part of it includes giving weaker infrastructure contractors greater access to the local bond market. Finance Minister Arun Jaitley’s proposal to lower the investment threshold on rupee bond purchases for investors including pension funds to A from AA is set to benefit local […]
Border, Northeast push take ministry ahead of NHAI in road project awards
More than 15 years ago, the Bharatiya Janta Party (BJP) -led National Democratic Alliance (NDA) government of the time made an incumbent’s election pitch around the so-called ‘India Shining’. Key to this pitch was the ‘Golden Quadrilateral’ project of National Highway Authority of India (NHAI). Today, a decade and a half later, under another BJP-led […]
Government allocates Rs 5.97 lakh crore for infra spending in 2018-19
Terming infrastructure as growth driver of the economy, Finance Minister Arun Jaitley today announced an allocation of Rs 5.97 lakh crore for 2018-19 for infra spending, up by over Rs 1 lakh crore from the ongoing fiscal. Presenting the Union Budget 2018-19 in Parliament, Jaitley said the priority accorded to the sector was evident from […]
Maharashtra gets banks on board for road project
The Maharashtra government’s Rs 46,000 crore Nagpur-Mumbai Expressway project, touted as a game-changer of sorts, may finally see some headway after the state government acceded to some of the conditions put forth by some state-owned banks. State officials have agreed to offer guarantees for the project, and has for the first time, decided to pledge […]
Dilip Buildcon bags NHAI road project worth Rs 565 cr
Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 565.02 crore from NHAI in Maharashtra. “The company has been declared L-1 bidder for a new EPC project valued a Rs 565.02 crore by the National Highways Authority of India (NHAI) in Maharashtra,” Dilip Buildcon said in a BSE filing. […]
India needs $ 4.5 trillion by 2040 to develop Infra: Eco Survey
India will need about USD 4.5 trillion in the next 25 years for infrastructure development, of which it will be able to garner about USD 3.9 trillion, the Economic Survey said. “The Global Infrastructure Outlook reflects that rising income levels and economic prosperity is likely to further drive demand for infrastructure investment in India over […]
CPEC shouldn’t be swept under the carpet, ready for talks with India: China
China on Monday said it is ready to hold talks with India to resolve their differences on the contentious $50 billion China-Pakistan Economic Corridor (CPEC) that passes through PoK. Asked about Indian Ambassador to China Gautam Bambawale’s interview to state-run Global Times in which he had said that differences on the CPEC should not be […]