Page 85 - DIGITAL ISSUE MAY 2018

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HSIIDC TO DEVELOP IMT SOHNA SECOND RUNWAY OF BANGALORE would be raised for a tenor of 15 years at an
UNDER PPP MODE AIRPORT TO BE OPERATIONAL NEXT interest rate of a little less than 8 per cent.
Reports suggest that the Haryana State YEAR: BIAL NHAI is also hoping to receive `9,681 crore
Industrial and Infrastructure Development Bengaluru International Airport operator in May through monetisation of highways. INFRASTRUCTURE
Corporation (HSIIDC) has planned BIAL, recently declared that the second
to foray into the joint development of runway expected to be operational next year, ROAD MINISTRY PLANS DELHI-
integrated Industrial Model Township while the new terminal will be operational MUMBAI EXPRESSWAY
(IMT) at Sohna. is will be done via PPP by 2021. T2 would be constructed in two Media reports suggest that the central
mode. HSIIDC has proposed development phases. In the first phase, the terminal government is planning on having a
of IMT spread across 1,292 acres of land would be able to handle 25 million green eld expressway between Delhi and
through PPP (Public Private Partnership) passengers annually and the capacity Mumbai. e highway is supposed to have
mode. e proposed IMT will span around would be increased to have 20 million a new alignment and pass through less
to the north of Kundli Manesar Palwal more iers. e construction is expected developed areas falling in the region, road
Expressway in Mewat region. e plan will to begin during the middle of 2018. A er transport and highways. e government is
develop the industrially backward region the completion of both the projects, the planning to have green eld highways instead
of Mewat through a Joint Development capacity of the airport would reach the 65 of expanding lanes of existing highways.
Model and bring in world class Industrial million mark. Reports suggest that the government will
Township, giving the entire area a makeover. be opening open two expressway projects in
HIGHWAY CONSTRUCTION REACHES and around Delhi in a few days. e Eastern
SARGARMALA PROJECTS WORTH `8 10K KM MARK Peripheral Expressway, which will act as a
TRILLION IN MOTION BUT FUNDING The National Highway construction ring road for Delhi and the Delhi-UP Gate
REMAINS CHALLENGE: ICRA in India reached the 10,000 km in the section, and the Delhi-Meerut Expressway
According to a report by ratings agency nancial year ended on March 31. is is on will soon be inaugurated.
ICRA, the Sagarmala project will continue the background of the government upping
to have a fund raising problem even if 500 the ante for the pace of implementation and INDIA TO DEVELOP 2 LAKH KM OF
schemes worth `8 lakh crore are currently awarding contracts. Each day highways of HIGHWAYS
being undertaken. Sagarmala— the length 27.5 km were constructed every day The government of India is planning
ambitious project of the government is in FY18. Similarly, contracts for around 46 to develop 2 lakh km of highways and
about port modernisation, port connectivity km per day were awarded. e expenditure 12 expressways across the country. The
enhancement, port-linked industrialisation on national highways is likely to exceed developments are going to be carried out
and coastal community development for `2 lakh crore for FY19. Out of the `2 with the help of the state governments.
phase-wise implementation until 2035. lakh crore, about `1 lakh crore will come e government has signed work contracts
According to the data released by the from extra-budgetary resources (including for projects valued at `850,000 crore for
Ministry of Shipping, out of the 700 NHAI borrowings and monetisation of roads, ports, shipping, water resources
projects initially identi ed for execution, existing national highways) and more than in the coming years. The works on the
about 500 different projects valued at `70,000 crore through budgetary grants construction of a new highway between
about `8 lakh crore are currently in motion and tolls. NHAI is the single largest agency Bengaluru and Mysuru at a cost of `7,000
already and are at various stages of feasibility for implementation of national highways crore has already started. Similarly,
study/award process. – it constructed more than 4,000 km in construction work on the `16,000 crore
FY18 and awarded 150 projects of 7,400 expressway project between Bengaluru and
FOUNDATION STONE FOR SIX LANING km worth `1.22 lakh crore, the highest ever. Chennai has also been started from early
OF AURANGABAD - CHORDAHA April.
SECTION OF NH-2 LAID NHAI AIMING TO RAISE `18,500 CRORE
Prime Minister Narendra Modi recently FOR BHARATMALA INDIA ROAD AWARDS MAY SET `1
laid the foundation stone for a National India’s nodal highway construction LAKH CRORE RECORD
Highways project for six-laning of the 70 authority, National Highways Authority According to IIFL Wealth Management,
km long section of NH-2, extending from of India (NHAI) is planning to raise funds the Indian government in 2018 has awarded
Aurangabad in Bihar to Chordaha on worth `8,500 crore from national insurance road contracts at a "breakneck pace”. e
Bihar-Jharkhand border. e cost of the corporation—LIC and another funds orders form NHAI might cross the `1 lakh
project would be `882 crore. is section of worth `10,000 crore from National Small crore from `60,000 crore a year ago. NHAI
NH-2 is part of the Delhi – Kolkata section Savings Fund to nance the ambitious road is expected to award more than 7,000 km
of the Golden uadrilateral. construction target under the Bharatmala of road contracts, about 60 percent more
A er widening, it will be have one yover, highway development programme. A sum than last year. Contract awards were in slow
15 underpass, 7 major bridges, 24 minor of `5,000 crore is to be raised by NHAI pace during December, meeting just over
bridges, 174 culverts, 12 foot over bridges, via masala bonds. ese funds will be used a tenth of a the full-year target of 10,000
26 bus bays, 7 truck lay bays and 2 wayside for the construction of the 10 expressway kilometers, due to delays in land acquisition
amenities. projects across the country. The funds and the roll-out of GST.

MAY 2018 |CONSTRUCTION OPPORTUNITIES 91