Page 41 - Construction_Opportunities_April_2024

TICKER TAPE

for its eventual demolition to make way for a new terminal. to construct the new bridge stemmed from a comprehensive
DIAL CEO V K Jaipuriar had previously outlined various options to traffic survey conducted by PMC. The existing Aga Khan bridge,
meet international demand, including short-term reconversion of equipped with four lanes, will be supplemented by the new bridge,
T2, medium-term conversion of one of T3's domestic piers into an which is slated to feature at least two lanes. INFRASTRUCTURE
international one, and long-term demolition of T2 to construct a An official from PMC's special project department confirmed
larger Terminal 4 (T4), expected to be completed by 2030 or 2032. that work on the bridge commenced recently and is projected
Airlines have urged DIAL to consider allowing T1 to handle to conclude within 18 to 24 months. "As of now, we foresee no
international flights as well, citing the rapid traffic increase obstacles in the progress of the project, as there is no requirement
necessitating the construction of a new T1 before the originally for additional land. PMC has previously executed similar projects,
planned T3 for the 2010 Commonwealth Games. such as the construction of additional bridges parallel to the
The upcoming Noida airport, set to be operational before the Dengle bridge and the old Aundh bridge, which significantly
year's end with a Terminal 1 capacity of 1.2 crore passengers improved traffic flow," the official stated.
annually, primarily for domestic flights, may also impact DIAL's PMC plans to further alleviate traffic congestion by widening a
future plans for IGI Airport. stretch of North Main Road near the existing bridge and Bhairoba
Nala pumping station. Commuters often encounter bottlenecks
HALWARA AIRPORT PROJECT APPROACHES 75% along this stretch, particularly during peak hours, due to the
COMPLETION MILESTONE narrow carriageway. The commencement of construction on
With the ambitious deadline of May 15 approaching rapidly, the the new bridge represents a proactive step by PMC to enhance
Halwara International Airport project is still facing completion of connectivity and address traffic challenges in key areas of Pune.
approximately 25% of the work. Despite multiple missed deadlines,
including the latest one on March 31, authorities have set a new PETREGAZ INDIA COMPLETES `600 CRORE LPG IMPORT
target due to pending ground works. & STORAGE TERMINAL AT KRISHNAPATNAM
The project, overseen by the Public Works Department (PWD) Petregaz India, a subsidiary of the Petredec Group, marked a
through construction agencies, has seen about 75% completion, significant milestone with the inauguration of its new LPG Import
according to a PWD official familiar with the progress. While the and Storage Terminal in Krishnapatnam, Andhra Pradesh.
apron, or flight line, is nearly 90% complete, the taxiway stands at The state-of-the-art facility, representing an investment of ₹600
55%-60% finished. Ongoing work on the taxiway includes widening crore, is poised to deliver cost-effective and reliable solutions
a 200-meter section near the runway. to a diverse range of stakeholders, including LPG marketers
Additionally, efforts are underway to set up a trolley gate to and customers across residential, commercial, industrial, and
connect the airport complex with the air force station area. automotive sectors. Strategically situated within the Adani
Surveillance cameras have been installed at the boundary gate, Krishnapatnam Private Port, just 25 km from Nellore, the terminal
and remaining equipment is expected to arrive within a month. promises enhanced accessibility and efficiency in LPG distribution.
Other pending tasks include completing boundary roads with black Susheel Raina, CEO of Petregaz India, emphasized the terminal's
coating, addressing footpath-related works, and constructing a potential to bolster India's LPG landscape by facilitating improved
25-meter-long bridge connecting Aitiana village link road to the supplies, optimizing logistics, and catering to areas historically
airport. The terminal building is nearly 98% complete, with final underserved in terms of LPG infrastructure. He highlighted the
touches being applied, including painting, installation of furniture, opportunity for both government-run oil companies and private
water connections, and fabric integration on the canopies. marketers to leverage the terminal's capacity for the benefit of
However, officials from the Airports Authority of India (AAI) do not consumers and the broader energy sector.
anticipate completion of the airport before the conclusion of the Raina expressed optimism about forging new partnerships and
Lok Sabha elections. They estimate that taxiway work alone will collaborating with stakeholders across the spectrum to support
require three to four more months. India's transition towards cleaner and more accessible energy
Local residents, such as Avtar Singh from Halwara, eagerly await sources. As part of the Petredec Group, a leading integrated
the airport's completion, expecting it to boost local businesses LPG company with a global footprint, Petregaz is well-positioned
and provide convenient international travel options for the district to contribute to this transition. Petredec Group, known for
and neighboring areas. Singh highlighted that currently, people its comprehensive LPG operations encompassing trading,
must travel to Amritsar, Mohali, or Delhi for international flights, but transportation, and distribution, boasts a modern fleet of 35
the new airport will offer a more accessible alternative. LPG carriers, primarily Very Large Gas Carriers (VLGCs). With a
growing presence in the downstream sector, including three LPG
PMC INITIATES CONSTRUCTION OF NEW BRIDGE import terminals in the Indian Ocean, Petredec is committed to
LINKING KOREGAON PARK & KALYANINAGAR advancing the availability and affordability of LPG worldwide.
The Pune Municipal Corporation (PMC) has initiated civil work on Petregaz, as the downstream subsidiary of the Petredec Group,
a new bridge spanning 10 meters across the Mula-Mutha river. specializes in LPG import, storage, and large-scale distribution. The
Positioned parallel to the existing Aga Khan bridge, this new newly inaugurated Krishnapatnam facility, operating under the
infrastructure endeavor aims to establish a direct connection banner of Petregaz Krishnapatnam Private Limited, further solidifies
between Kooregaon Park (North Main Road) and Kalyaninagar. the group's commitment to serving the Indian market and fostering
Anticipated to alleviate traffic congestion in the area, the decision sustainable energy solutions on the East Coast of India.

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