Page 92 - CO April 2017 Full Issue

INFRASTRUCTURE TICKER TAPE details on the status of the 1,186 central infrastructure projects that cost `150 crore and above. `1,902 cr clean ganga Projects okayed The National Mission for Clean Ganga (NMCG) has approved 20 projects worth infrastructure in various Ganga basin states, l&t to refinance Projects including NCR. The Panel sanctioned As infra projects gather steam there’s a rush to refnance them, like with L&T. Its construction of a sewage treatment plant refnancing arm L&T Infra Debt Fund (L&T IDF), is raising about `2,500 crore through Rs 1,902 crore to develop sewage treatment debentures to provide liquidity for road and renewable energy projects. As on September (STP) of 564 million litres daily (MLD) 30, 2016, its net worth was `660 crore (excluding preference shares), debt was `2,455 capacity in Delhi's Okhla at an estimated crore, and outstanding loan book was `2,942 crore (for 25 projects). Te company's overall cost of Rs 665 crore. Two other projects for capital adequacy ratio stood at 45.87 per cent as on September 30, 2016. laying new sewage pipelines in Pitampura Rating agency CRISIL has assigned "AAA" rating for the proposed bond ofering, giving and Kondli at an estimated cost of over refnance support to operational projects like roads, power, renewable energy, ports and `100 crore, have also been cleared. Of airports segment. the total projects, 13 will be developed in Uttarakhand, where new STPs will be set UP gets lion’s share of aMrUt Te new scheme follows afer an earlier up and existing ones upgraded, at a cost of fUnds scheme, ‘Assistance to States for Creating around `415 crore. Also approved a project The Ministry of Urban Development Infrastructure for Development and to control pollution on the Ganga river (MoUD)has approved projects worth `4,239 Growth of Exports,’ was stopped. in Rishikesh at an estimated cost of `158 crore for modernizing urban infrastructure The new scheme will provide grant-in- crore, and an envisaged construction of over next the three years in Uttar Pradesh, aid up to half of equity being put in by a new 26 MLD capacity STP at Lakkar under the AMRUT scheme. UP now has implementing agencies, with a ceiling of Ghat. Besides, four projects worth Rs 78 total expenditure of `11,421 crore, highest `20 crore per project and 5 per cent of the crore will be undertaken at Joshimath, among all states, under the Atal Mission for grant approved will be used for appraisal, Rudraprayag, Karnprayag and Kirti Nagar Rejuvenation and Urban Transformation review and monitoring. Benefciaries will to control pollution in the Alakananda (AMRUT) with a central assistance of be government agencies, export promotion river, a tributary of the Ganga. All these `4,922 crore for the fve-year mission period. councils, commodities boards and apex projects will be fully funded by the Central AMRUT will provide drinking water, trade bodies, who will most likely also be government, according to the Union Water sewerage and drainage networks and non- the implementing agencies Resources Ministry. motorised transport, among others, in the selected 500 cities across India. According infra cost overrUn toUches `1.66 Metro Man insists aarey carshed to an ofcial release of the MoUD, it has lakh cr is eco friendly approved AMRUT action plans of Uttar A perennial problem plaguing infra projects With land acquisition hanging fre over Pradesh (2017-20) in one go involving an is the cost overruns. At last count as many environmental controversies over land expenditure of `4,239 crore. as 287 infrastructure projects worth earmarked for the Metro-3 -Colaba-Bandra- `150 crore or above each, including those Seepz, India’s `Metro Man' E Sreedharan scheMe laUnched to develoP delayed due to various issues, have seen has written to Maharashtra Chief Minister exPort infra a cost overrun of `1.66 lakh crore. Total Devendra Fadnavis, asking him to intervene In March government unveiled a new original cost of implementation of 1,186 and clear the decks for the carshed. scheme to fnance infrastructure creation to projects was `14,60,099.70 crore and their Sreedharan, has said publicly the Metro-3 is boost exports. Te ‘Trade Infrastructure for anticipated completion cost is likely to be the most difcult Metro project undertaken Export Scheme,’ which will be implemented `16,26,445.47 crore, which refects cost in this country yet. While seeking the from April 1, will have budgetary allocation overrun of `1,66,345.77 crore (11.39 per government's final clearance he assured of `600 crore for three years with annual cent of the original cost), according to end that the Metro projects are environmentally outlay of `200 crore. It will provide assistance 2016 reports by the Statistics Ministry. most friendly and setting up a carshed in to set up and upgrade infrastructure projects Te 1,186 projects in question include 287 Aarey is not going to be a threat either to with “overwhelming export linkages” such that reported cost overrun and 336 time the government or to the eco system. Te as border haats, land customs stations, escalation. In April 2016, out of 1,061 main objection would be against cutting of quality testing and certification labs, projects, 241 reported cost and 326 time trees, for which compensatory aforestation cold chains, trade promotion centres, dry overrun while during December 2016, out on a liberal scale can be insisted upon. Te ports, export warehousing and packaging, of 1,186 projects, 287 reported cost and Metro Man is advisor for all Metro projects special economic zones, ports and airports. 336 time overrun. Te fash report provides in the state. u 94 construction opportunities|aPrIL 2017