Govt fixes Rs. 3 lakh-cr road projects on radar
Accelerating the current momentum of
delivering road projects, the transport ministry
has targeted to award worth Rs. 3 lakh-cr road
and highway projects during the new financial
year, Union Minister Nitin Gadkari said, adding
that also, on the anvil is augmenting the National
Highways length to 2 lakh km by August this year.
The Road Transport and Highways Ministry has
awarded contracts worth Rs. 1.5 lakh-cr in the
last one-and-a-half year and building a world
class infrastructure in the highway sector is the
top most priority of the current government at
the Centre. As a matter of fact, the ministry has
decided to sign highways contracts to match the
targeted road length as the highways building
pace has already reached 20 km a day at present
from a mere 2 Km a day when the current
government took over and by May it is likely to
reach 30 km a day, the minister added claiming
that his ministry has already declared 1.52 lakh
km of national highways and will take the length
to 2 lakh km in next three months.
Moreover, there is a plan to convert all the toll
plazas into electronic ones and that 300 truck
terminals have been planned along national
highways. Also, tenders have been issued for
1200 road-side amenities which apart from rest
houses would also include shops to sell local
produce, eateries and other products, he said.
Govt earmarks Rs.70k-cr for river front projects
In order to exploit the full potentials of the
country's 50,000 km of sea and river fronts by
building as waterways, the government is
looking innovative ways of financing and
generating Rs 70,000-cr to develop these
stretches in the first phase, Union Minister Nitin
Gadkari said shortly after getting passed the
crucial bill to declare 111 rivers across the
country into National Waterways. The move will
pave the way for development of these
stretches as transport carriers.
As a matter of fact, to date, only five of the
river stretches were declared as National
Waterways while the country has unique
advantage as 14 of the states are bestowed
with 7,500-km of coastline with 14,500-km of
potentially navigable waterways. In addition,
116 rivers across the country provide 35,000 km
of navigable stretches. In total India has huge
length of waterways which on development will
change the face of the country.
In totality, the government is committed to
aggressively work to develop these as the
environment friendly mode of transport which
is bound to decrease significantly the huge to
the tune of 18% logistics cost in India, he
North East gets Rs. 84.65-cr road project
Strengthening the road network in the border belt
of the state in Arunachal Pradesh, the transport
ministry has announced a new road project from
Tizit under Mon district in Nagaland to Pumao
(Khonsa) in Arunachal Pradesh via Zangkham
commanding a length of about 50 km and
entailing an investment of Rs. 84.65cr, Nagaland
minister for transport P. Paiwang Konyak, said in a
statement, adding that the Union transport
minister has given clearance for sanctioning the
amount recently.
The state minister, who held meeting with
Gadkari at transport Bhavan New Delhi also
submitted the concept note of the department on
the project under Inter State Connectivity (IST)
scheme. The union minister had earlier in
October 2015 acknowledged the project and
forwarded the letter for road construction to the
chief engineer (P-8) in the ministry for
appropriate action, he claimed
railway cargo movement, free trade
warehousing zone, domestic tariff area and
other related activities. It will also have the
facility to handle both in-bound and out-bound
contract logistics services.
With a view to enhance the future growth of
Indian business sentiment, the company chose
to set up a logistics park in Haryana as it is a
preferred industrial and manufacturing
destination. The company plans to offer end to
end logistics solutions to its customers in the
northern belt through its facility in Jhajjar
district.
The company has identified approximately 200
acres of freehold agricultural land for
developing the said project, which is in close
proximity to Dedicated Freight Corridor (DFC).
IIFCL-JICA inks Rs. 2,866cr infra pact
Ensuring smooth flow of funds to finance
various infra projects across the country, India
Infrastructure Finance Company Limited (IIFCL)
in a recent move has inked pact with JICA
involving Japanese 50 billion yen amounting to
Rs. 2,866-cr assistance for the implementation
of infrastructure projects on PPP model.
The Official Development Assistance (ODA) will
be functioning as the principal for the
implementation of PPP Infrastructure Financing
Project. The ODA loan conditions are
concessional, i.e. the repayment period is
fourteen years after a grace period of six years,
and the rate of interest is floating rate of the
London interbank offered rate for six month
deposits in Japanese yen.
The pact was signed between Takema
Sakamoto, chief representative of JICA India and
Sanjeev Ghai, Chief General Manager of IIFCL
for promoting PPP-based infrastructure
development mainly in the field of non-fossil
power projects by providing long term finance
to private/public enterprises and the
banks/public financial institutions to lend to
private/public enterprises for investment to
viable infrastructure projects.
Allcargo plans to set up a Logistics Park in
Haryana
Allcargo Logistics Ltd, a leading integrated
logistics provider, has in-principle approved
setting up of Logistics Park in the Jhajjar district of
Haryana. The facility is expected to be operational
by 2018, subject to necessary regulatory
approvals and rail connectivity. The move is in line
with company's business expansion plan.
The Jhajjar project is one of its kind integrated
logistics infrastructure set up which will comprise
of rail linked private freight terminal catering to
JICA injects Rs. 23,136cr in metro project
Colaba Bandra Seepz Underground Metro Line
The financing of Colaba-Bandra-Seepz
underground Metro line has recently received
clearance from Japanese International
Cooperation Agency (JICA) to issue bids and to
commence the construction work on the project
entailing an investment worth Rs. 23,136cr,
managing director of Mumbai Metro Rail
Corporation (MMRC), Ashwini Bhide, said,
claiming that the funding of the mega project
recently received a clearance (NOC) from JICA
and that the authority has already put in place
certain processes and the remaining ones are
being followed on war footing.
Out of the entire estimated project cost, the
civil work itself was earlier estimated to cost
around Rs. 10,188cr. Through negotiations and
cost cutting, by way of changes in station
designs, the project cost has been brought down
substantially. The estimates were prepared by
consultant RITES as per the Delhi Metro Rail
Corporation's (DMRC) specifications for the
underground Metro works. In Delhi, the
underground Metro stations are not at medians,
but aside whereas in Mumbai, it will be at the
median, and there are challenges of utilities for
which stations have to be constructed deeper as
compared to Delhi and also the groundwater
table too is high in Mumbai as against its
counterpart in Delhi and that the strata also vary
in both the cities.
Work on Nagpur-Mumbai super-expressway to
start in December
Chief Minister Devendra Fadnavis has set an
ambitious target to start the work on NagpurMumbai super-expressway in December this
year. The first phase of this road is to be
completed by 2019 and the project will be fully
ready by December 2020.
The CM further said that the Detailed Project
Report (DPR) will be available in June 2016. To
expedite DPR preparation, Maharashtra State
Road Development Corporation (MSRDC) has
divided the 793km expressway passing through
14 districts into five packages or stretches.
Five agencies are simultaneously preparing the
DPR for their respective package. The financial
closure of the project will be achieved in
September 2016. Asian Development Bank (ADB)
has already started its appraisal of the project.
Malaysian government has also evinced interest
in financing the project.
The road will pave the way for development of
Vidarbha and Marathwada and benefit farm
produce to reach Mumbai from Nagpur in eight
hours. This will immensely benefit the farmers of
the two backward regions.
The five packages of super expressway are;
Jamtha-Butibori MIDC-Wardha-Pulgaon stretch
having length of approx. 128km in Nagpur and
Wardha districts. The second package is for the
stretch from Pulgaon-Karanja Lad-Sindkhedraja
up to Jalna district border. This stretch covers
Amravati, Washim and Buldhana districts of
Amravati revenue division. Its length is about
256km.
The third package is for the stretch in
Marathwada. It starts from Jalna-Buldhana
district border and goes up to Vaijapur through
Jalna and Aurangabad districts, with a length of
165km. The fourth package covers the stretch
from Vaijapur to Ghoti (near Igatpuri in Nashik
district) and passes through Ahmednagar and
Nashik districts. The fifth package is for the 80km
stretch from Ghoti to Padgha. This lies entirely in
Thane district.
Hyundai Update
Customer Meet by Vrundavan Infra Equipments at Vadagam, Gujarat
Vrundavan Infra Equipments, our East Gujarat Dealer recently organised a Customer
Meet in Vadagam district. About 150 customers attended the meet, during which Keys
were handed over to customers. During the meet, few business enquiries and lot of
prospects were generated for 20T machines.
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