Page 50 - CO_December_2022

INFRASTRUCTURE Prime Minister Narendra Modi dedicated to the nation the `2,917 October 2024, with a provision for expansion to 10-lane in future.
TICKER TAPE
PM NARENDRA MODI LAUNCHES INFRA PROJECTS
WORTH `15,233 CR IN ANDHRA PRADESH
Among others, the PM laid the foundation stone for a dedicated
Port road from Convent Junction to Sheela Nagar Junction in
Visakhapatnam. The `566 crore project will serve as a dedicated
crore U-field Onshore Deepwater Block project of ONGC in
Andhra Pradesh. It is the deepest gas discovery project with a
freight corridor for Visakhapatnam Port traffic and ease traffic
congestion in the city.
production potential of about three million metric standard cubic
The road will be completed by March 2025. The `2,650 crore
metres per day (MMSCMD). On the second day of his two-day
tour of the state, the Prime Minister in all launched nine projects
for which he laid the foundation, will have a capacity of around
worth `15,233 crore in virtual mode from the Andhra University
Engineering College grounds and unveiled a plaque. Andhra 745-km Srikakulam Angul Natural Gas Pipeline Project of GAIL,
6.65 MMSCMD. A part of the Natural Gas Grid (NGG), the new
Pradesh Governor Biswabhusan Harichandan, Chief Minister Y pipeline will create vital infrastructure for supply of natural gas to
S Jagan Mohan Reddy, Union Railways and IT Minister Ashwini households, industries, commercial units and automobile sector
Vaishnaw, state ministers, MPs and legislators attended the event. in AP and Odisha. The pipeline will supply natural gas to the City
Modi dedicated the 39-km Narasannapeta to Pathapatnam Gas Distribution Network in Srikakulam and Vizianaga districts of AP.
section of NH-326A built at a cost of `211 crore as part of the The long-delayed modernisation of the Visakhapatnam Fishing
Srikakulam-Gajapati Corridor. The project would provide better Harbour will finally take-off as the Prime Minister laid the foundation
connectivity to the backward areas of AP and Odisha. Modi laid for the `152 crore project. The upgradation and modernisation will
foundation stone for the AP section of six-lane 100-km access- double the handling capacity from 150 to 300 tonnes per day
controlled greenfield Raipur- Visakhapatnam Economic Corridor and provide safe landing and berthing. The Prime Minister virtually
of NH-130CD that will be built at a cost of `3,778 crore. The inaugurated the Grass Root petroleum depot at Guntakal built by
Economic Corridor will provide faster connectivity between various the Union Ministry of Petroleum and Natural Gas at a cost of Rs 385
industrial nodes of Chhattisgarh and Odisha to Visakhapatnam crore. He also dedicated the Vijayawada-Gudivada-Bhimavaram,
Port and Chennai - Kolkata National Highway. Gudivada-Machilipatnam-Bhimavaram-Narasapuram railway
It will also improve connectivity to tribal and backward areas of lines doubling and electrification project to the nation. The project
AP and Odisha. The project is expected to be completed by was completed last month at a cost of `4,106 crore.

SJVN BAGS ANOTHER 83MW FLOATING SOLAR PROJECT is expected to reduce approximately 2,16,074 tonnes of carbon
IN MADHYA PRADESH emission in 25 years. The Power Purchase Agreement (“PPA”) will
SJVN has secured 83 MW Floating Solar Project in Madhya Pradesh. be signed between RUMSL & SJVN for 25 years. The project shall
This Project has been secured at `3.70/unit on Build Own and be commissioned within a period of 21 months from the date
Operate basis in a e-Reverse Auction (e-RA) organized by REWA of signing of PPA. SJVN is implementing this Project along with
Ultra Mega Solar Limited (“RUMSL”). SJVN will develop this project other Renewable Projects of 4090.5 MW capacity through its wholly
in India’s largest Floating Solar Park at Omkareshwar in District owned subsidiary SJVN Green Energy Limited. SJVN is on a rapid
Khandwa, Madhya Pradesh. The cost of developing the Floating expansion and capacity addition journey. With present portfolio of
Solar Project will be approximately `585 crore. After commissioning, around 42,000 MW, the company is marching forward to achieve
the project will generate 187 million units in first year & 4410 million its Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000
units over a period of 25 years. The commissioning of this Project MW capacity by 2040.

ASHOKA BUILDCON RECEIVES PROVISIONAL Ashoka Mallasandra Karadi Road Private Limited (SPV), a Wholly
CERTIFICATE FOR NHAI ROAD PROJECT Owned Subsidiary of Ashoka Concessions Limited, a Subsidiary
Ashoka Buildcon Limited has informed the declaration of October of the Company. In addition to this, the company informed that
26, 2021 as the Commercial Operation Date (CoD) for its Hybrid consequent upon the declaration of CoD, the SPV is eligible for
Annuity Mode (HAM) Project of National Highways Authority of India receipt of Annuity payments from NHAI for the operation period
(“NHAI”). As per the filing, the Project is “Construction of Four Laning of 15 years at the interval of every 6 months from the date of
of Tumkur - Shivamogga section from 12+310 (Design km 12+300) achievement of CoD.
to km 66+540 (Design km 65+195) from Mallasandra to Karadi The Company also announced that the said SPV has received a
Village of NH-206 on Hybrid Annuity Mode, under NHDP phase-IV Provisional Certificate for completion of 34.730 KMs out of total
in the state of Karnataka (Package I)”. The Project is executed by Project stretch of 50.645 KMs.

RAIL VIKAS NIGAM SECURING LOI FROM AHMEDABAD MUNICIPAL CORPORATION
Rail Vikas Nigam Ltd (RVNL) received Letter of Acceptance (LoA) by Ahmedabad Municipal Corporation (AMC).
As per the filing, RVNL has been awarded contract for Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla)
in AMC area Pakage 2 & 3 for which details of the contracts awarded are as under:
• Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2: Kharicut Canal
Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 – Ch. 5000) at an awarded cost of `236 crore.
• Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 3: Kharicut Canal
Development Nidhipark Society to Odhav Fire Station (Ch. 5000 – Ch. 7600) at an awarded cost of `248 crore.

50 CONSTRUCTION OPPORTUNITIES|DECEMBER 2022