Sunday, December 17, 2017

TICKER TAPE: INFRA

MOEF OK FOR BENGALURU AIRPORT EXPANSION

 

The Ministry of Environment and Forests has recommended environment clearance for the second stage expansion of Bengaluru International Airport. This follows the request of the GVK developed BIAL to the Union ministry seeking approval for expansion. The airport is looking to cater to 55 million passengers annually by2029-2030 and requires expansion of facilities and non-aeronautical developments. As part of the conditions laid down by the EAC, the BIAL will have to re-cycle the waste water for green belt, cooling system, flushing and develop the green belt as committed. With the proposed expansion on aeronautical and non- aeronautical zones, total direct and indirect employment generation potential is about 2.24 lakh. The overall project cost is around Rs. 14,867 crore.

 

 


$100 MN TO BE RAISED FOR DIGHI PORT INFRA

 

Dighi Port, a Greenfield private port near Mumbai is looking to raise fresh capital for its expansion projects and is seeking tie-ups with strategic investors and international port operators. The firm is expected to wrap up a deal in the next three months according to its Chairman and Managing Director Vijay Kalantri. It is reported Dighi hopes to raise $100 million with a view to establish a 50-km link to the Konkan rail network, upgrade the road linking the national highway to ensure seamless flow of cargo to an from the port. This will require an investment of over Rs. 1,500 crore. The port which commenced operations in 2011 at present handles cargoes such as coal, bauxite and steel.

 

 


NHAI FOR MULTI PRONGED STRATEGY

 

The National Highways Authority of India (NHAI) is looking to award projects by various modes this year including through cash contracts, EPC and PPP owing to the poor showing during 2013-14. As part of this plan 2,300 km of highway projects with a total project cost over Rs 15,000 crore will be done through the EPC route, 3,278 km worth about Rs 35,000 crore will be done on PPP mode. Among the projects to be done on EPC basis will be the Rs 996 crore Talcher-Dubari-Chandikhole project and the Rs 675 crore
Bijapur-Gulbarga-Homnabad stretches. These were put up for bid on a PPP basis during 2012-13 but failed to elicit any response.

 

 

 

KARNATAKA REVIVES INFRA PROJECTS

 

The Karnataka government is looking to reactivate a slew of infrastructure projects including setting up high-speed rail networks, an international convention centre and a film city. The high speed rail projects seek to connect Bangalore-Mysore, Bangalore-Kolar, Bangalore-Hubli and other important towns in a bid reduce congestion in the transport corridors. The international convention centre, built over 35 acres, will soon come up near the Kempegowda International Airport at Devanahalli. It is reported of the 419 acres of government land near the airport, 35 acres will be allotted for the project which will also house budget and five star hotels.  The plans also include setting up a film city at Hesaraghatta. 

 

 

 

CALICUT AIRPORT RUNWAY TENDERS SOON

 

Following a report being received from the Central Road Research Institute (CRRI) the Airports Authority of India (AAI) will be inviting tenders for re-carpeting of the runway of the Calicut airport.

 The CRRI, which is a part of the Council of Scientific and Industrial Research (CSIR) has been entrusted with the technical study for repairing the tabletop runway of the airport. The report is expected in a month’s time. It is reported the re-carpeting works will not impact flight operations. It is learnt that the Union Civil Aviation Ministry has earmarked Rs. 40 crore for strengthening the entire 9,383 feet runway of the airport.

 

 

 

RS 6,700-CR WB LOAN FOR FREIGHT CORRIDOR

 

The Dedicated Freight Corridor Corporation Ltd. (DFCCIL), the special purpose vehicle responsible for implementing the rail freight corridor project, has  shortlisted bidders for the civil construction contract of the 393-km-long electrified double line between Mughalsarai and Bhaupur sections of the eastern dedicated rail freight corridor. This follows the World Bank’s approval of Rs 6,700 crore, which is the second tranche of its loan for the constructon.

The loan agreement for the second phase will be signed in June. The bidders include Isolux Corsan-Sadbhav Engineering, Gammon-Yuksel, Posco-PNC Infratech and Continental Engineering Corporation Taiwan-JMC-Brahmaputra Infrastructure among others.

 

 

 

ADDITIONAL TRACK FOR KONKAN RAIL

 

Konkan Railway authorities are planning to lay a second line on sections of the route that run on the plains, as per a feasibility study conducted by them. This is expected to come as a big blessing for commuters on the single line 741 km route.  Initial estimates for the work is currently being worked out. According to a study conducted recently doubling the track is possible on about 300 km that runs on the plains from Roha to Veer and the 60km stretch between Udupi and Mangalore.




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