Monday, September 25, 2017

TICKER TAPE: INFRA

Amritsar to get BRTS by 2016

Authorities in Punjab have initiated work on a Bus Rapid Transit System BRTS project for Amritsar. The Rs 491 crore project in the Golden Temple city, intended to ease traffic congestion and attract tourists, is slated to commence this month and is expected to be completed by 2016. The other projects to be taken up include one on solid waste management, a convention centre and exhibition hall, and restoration and conservation of the Gobindgarh Fort and Town Hall Building.    

 

UK eyeing investment in northeast 

British firms are looking for opportunities for investment in infrastructure development in the north east, notably in road and rail construction.  A team from UK Trade & Investment which has been visiting Assam and other states has assessed tremendous growth opportunities in sectors such as oil and gas, power, low carbon development and healthcare. There has also been an ongoing business to business dialogue with companies and governments in the North East to promote trade and commerce

 

Japan loan for Bihar road project

Japan International Cooperation Agency has signed an agreement with the Centre to offer financial assistance for national highways project in Bihar. It will provide Rs 1,267 crore as loan for the upgradation of National Highway 82 on a 92.93 km stretch between Gaya and Biharsharif under the National Highway Improvement Project. The loan is at a concessional rate of 1.4 per cent, with a repayment period of 30 years and grace period of 10 years. It is reported the funds will be used for widening the highways into four lanes and for construction of 3 bypasses to avoid congested areas. The project has a February 2019 completion timeline. 

 

PMO nod for Delhi-Jaipur Expressway

The Prime Minister's Office has initiated proceedings to clear the Delhi-Jaipur Expressway project on a priority basis by the end of this month. Towards this end the road transport and highways ministry has been asked to bring a cabinet note seeking in-principle approval for the project. The 272-km expressway project to be built on new alignment is to be awarded by September.  The total investment in the project is expected to be approximately Rs 11,750 crore. Several financing options have been explored by the ministry and the most viable will be taken up. The model, if found successful, would be replicated for other prospective expressways across the country.

 

IL&FS Transportation to operate MP checkpost

A subsidiary of IL&FS Transportation has been given the clearance to commercially operate a border check post in Madhya Pradesh. MP Border Checkpost Development Company Limited, which had been mandated development of 24 border check posts by MPRDC (MP Road Development Corporation), has been issued provisional completion certificate to commercially operate the Mhow Neemuch border checkpost, a press release said. The contract is in addition to the five border checkposts already operated by it on Agra-Mumbai, Indore-Ahmedabad, Shivpuri-Kota, Betul Nagpur and Indore-Icchapur stretches. The project is fee-based with a concession period of 12.5 years. 

 

Rs 350 crore car parking facility for Gujarat

A multi-level car parking facility is to be developed by IL&FS Transportation Networks at Gandhinagar on build-own-operate-transfer (BOOT) basis. The Rs 350 crore project involves design, development, finance, construction, operation and maintenance of 16-level car parking which with a capacity of around 5,400 cars including retail space at the ground floor for a period of 30 years. The concession agreement has been signed between Gujarat International Finance Tec-City Company and GIFT Parking Facilities, a wholly-owned subsidiary of the company, for development of a multi-level car parking at GIFT City.

 

ADB LOAN FOR IIFCL INFRA PROJECTS

In a bid to boost private investment in infrastructure the Asian Development Bank has agreed to provide a Rs 2,472 crore loan. The Manila based multilateral funding agency has signed an agreement with the Government of India to provide funds under the Accelerating Infrastructure Investment Facility in India (AIIFI) to support the government's efforts to accelerate infrastructure growth through increased private sector .This is the bank’s first tranche of the $700 million financing to India Infrastructure Finance Company Limited (IIFCL). It is reported the loan is intended to support public-private- partnership infrastructure projects in areas like roads, power, clean and renewable energy, water supply and sanitation through financial modalities like direct lending, take-out financing, and subordinate debt.

 

Centre to develop 37 km National Waterway 

The Centre has approved the development of National Waterway-four (NW-4) in Tamil Nadu at a cost of Rs 123 crore. The work relates to a 37 km stretch between Sholinganallur to Kalpakkam in the South Buckingham Canal to be completed in two years. The main components of the project include dredging and excavation of navigational channel, construction of three terminals and navigational locks, replacement of an existing bridge at Kelambakkam, and installation of navigational aids




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