Road toll management firm MEP Infrastructure Developers today said it, along with its JV partner LongJian Road & Bridge Company, has bagged three road projects in Maharashtra worth Rs 2,921.83 crore from the NHAI. To be developed under the hybrid annuity model (HAM), the project includes four laning of Ausa-Chakur section worth Rs 848.63 crore, […]
Category: Roads
Roads
Sadbhav Infra bags 2 road projects worth Rs 1,567.92 cr from NHAI
Sadbhav Infrastructure Project has bagged two road projects worth Rs 1,567.92 crore from NHAI in Gujarat and Andhra Pradesh. “The company has received letter of award from National Highways Authority of India (NHAI) for new hybrid annuity project in Andhra Pradesh. Project bid price is Rs 520.3 crore,” Sadbhav Infrastructure Project said in a BSE […]
Government may not expand old national highways, but build new ones
In a change of track, the government is keen to build more greenfield national highways with straight alignment rather than expanding the existing corridors. Expansion of highway stretches often get delayed, particularly when these pass through habitations and commercial areas where land acquisition or removal of encroachments is tough. The road transport ministry, in a […]
No alignment yet, but land prices spurt 40% on Delhi-Jaipur expressway
The long-held theory that infrastructure creation leads to spike in realty rates can find no better demonstration than just outside Delhi. Manesar and Rewari in Haryana, and Neemrana and Ajeetgarh in Rajasthan, are not just the names of semi-urbanised industrial belts en route the proposed Delhi-Jaipur expressway but are the latest hotspots for realtors that […]
PNC Infra gets Rs 60 cr bonus for early completion of road project
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 […]
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 […]