29 May 2020

Table of Contents for Ticker Tape


$120 million ADB loan to beef up rail infrastructure


India and Asian Development Bank have signed a $120 million loan agreement to complete double-tracking and electrification of railways tracks along high-density corridors to improve operational efficiency of the Indian railways.

The tranche 3 loan is part of the $500 million multi-tranche financing facility for Railway Sector Investment Program approved by the ADB Board in 2011.

The loan amount will be used to complete the ongoing works commenced under earlier tranches, said a release from ADB.

The investment programme is targeting busy freight and passenger routes in the states of Chhattisgarh, Odisha, Maharashtra, Karnataka and Andhra Pradesh, including the “Golden Quadrilateral” corridor that connects Chennai, Kolkata, Mumbai and New Delh.

ADB loan has a 20-year term, including a grace period of 5 years, an annual interest rate determined in accordance with London inter-bank offered rate (LIBOR)-based lending facility, and a commitment charge of 0.15 per cent per year.




Delhi Metro's Pink Line inaugurated


The Pink Line of Delhi Metro a part of the Delhi Metro's Phase-III project was opened for public recently. The new 21.56 km circular metro corridor will connect South and North West Delhi along the ring road,

This section is part of the 59 km-long Majlis Park - Shiv Vihar corridor (Pink Line - Line 7) of Delhi Metro's Phase 3.

In total, it has 12 stations which include Majlis Park, Azadpur, Shalimar Bagh, Netaji Subhash Place, Shakurpur, Punjabi Bagh West, ESI Hospital, Rajouri Garden, Mayapuri, Naraina Vihar, Delhi Cantt and Durgabai Deshmukh South Campus.

Eight of these stations are elevated and rest underground. Like the Magenta Line, broad-sized coaches from the new rolling stock, will ply on the standard gauge Pink line.




VBSL work to start after rainy season


The work for the proposed Versova-Bandra Sealink (VBSL) will begin post- monsoon,

The financial bids for the project were opened recently wherein the joint venture of Reliance Infrastructure and Astalidi, a Spanish firm, appeared as the lowest bidder.

The work order is to be issued in May 2018 while the work will begin by October 2018

The estimated cost was derived one and a half years ago and hence the estimated cost will be revised as per the current rates.The entire 10-km corridor will be constructed by a single contractor and will not in packages.

The VBSL is a project to connect the western suburbs of Bandra and Versova and will have an eight lane highway.




Flipkart Gears Up to Build Largest Logistics Park


Flipkart is all is all set to establish an integrated logistics park in Bengaluru and is gearing up to make it the largest of its kind in the country. The company has acquired 100 acres of land to set up the logistics park.The park will act as a logistic hub across the four south Indian states of Karnataka, Tamil Nadu, Kerala and Andhra Pradesh and will facilitate Flipkart to strengthen the company’s warehouses in and around Bengaluru. The park will house 4.5 million square feet of warehousing space. Besides the warehouses, the unit will also have transportation hub and sorting centre.



Railways plans Rs.10 lakh-crore high-speed train corridors


Indian Railways will be soon announcing a Rs.10 lakh-crore high-speed train corridors construction plan to connect all major cities in the country, covering almost 10,000 kilometres, along the lines of the government’s Bharatmala highways development programme. Trains would be able to run at 200 km per hour on the new rail lines that would come elevated atop the existing or upcoming national highways or on rail land that runs parallel to existing rail routes, the official said. Railways would come out with large tenders, inviting all global majors, to keep the cost of construction minimal. The government plans to build double lines on single pillars to halve the cost of construction from Rs.200 crore per km to Rs.100 crore per km. Also, light-weight aluminium coaches would be specifically designed for trains to be run on electric traction.




First 2 intermodal stations to come up in Nagpur, Varanasi


India's first two intermodal stations will come up in Nagpur and Varanasi at an estimated cost of Rs.200 crore.

Intermodal stations (IMS) are terminal infrastructure which integrate various transportation modes such as rail, road, mass rapid transit system, bus rapid transit, inland waterways, autorickshaws, taxis and private vehicles so that people can move from one mode to another seamlessly, with minimum use of automobiles.

Fifteen cities are being selected for development of intermodal stations, of which Nagpur and Varanasi have been selected as pilot projects.

The implementation and operation of the IMS will be done by a Special Purpose Vehicle (SPV) between the ministry of road transport and highways through NHAI, railways ministry and state governments.

NHAI will fund the construction of the terminal infrastructure including railway infrastructure, ISBT, common areas (concourse, waiting rooms, transport retail), parking and other station facilities,



Architects offer to design 19 stations for free


Architect Hafeez Contractor has offered to design for free 19 stations across the country, including several in Mumbai, as part of a redevelopment project being rolled out by the railways. Architect-activist, P K Das is another who offered his services. Architect Hafeez Contractor has offered to redesign Dadar, Parel, Wadala, Bandra and Khar stations in Mumbai.




Residential complex to spring up around railway stations


Residential complexes will be allowed around railway stations as part of the Railways' ambitious station redevelopment programme.

The railway board has allowed residential development which will have a significant impact and reduce the overall travel time . If the residential and the commercial exist in one place then people who work there, can stay there and for them it will be walk to work. The principle of the policy of having such residential buildings on railway land with a railway station in close proximity will also be to ensure that all the travel requirements of the people staying there are met.

The investment plan for the redevelopment and commercial development together is estimated to be Rs.1.07 lakh crore.




4,106 MoUs worth Rs.12.10 trillion signed in Magnetic Maharashtra summit


Maharashtra signed 4,106 memorandums of understanding (MoUs) involving an investment of more than Rs.12.10 trillion during the three-day Magnetic Maharashtra global investors summit In addition also promises to create more than 3.6 million jobs.

The MoUs signed include an investment of Rs.60,000 crore committed by Reliance Industries Limited into establishing an integrated industrial area. Maharashtra government’s agency Maharashtra Industrial Development Corporation (MIDC) signed an MoU with the railways to set up a 2,000-acre coach manufacturing factory at Latur in Marathwada.




Amplusinks MoU with UP Govt. for 500MW Solar Projects


Amplus Energy Solutions has signed an MoU with Uttar Pradesh (UP) government for eyeing an investment of Rs.2,200 crore over the next 5 years to set up solar power with a capacity of 500 megawatt (MW) in the state.

The MoU was signed in ‘UP Investors’ Summit’ with a push from the state government under the new solar energy policy 2017 for attaining solar energy capacity of 10,700 MW in the next five years. With the push from the Yogi Adityanath’s govt, the new UP solar energy policy 2017 allows investors the facility of ‘open access’ and thus sell power to individuals or institutional consumers within or outside the state.




Adani, Birla, Ambani lead Rs.4 trn investment promises at UP Investors Summit


The Uttar Pradesh government received an overwhelming response from business heads on the opening day of its ‘Investors Summit’, with 1,045 proposals worth Rs.4.28 trillion. The biggest announcement came from Adani Group, who promised aggregate investment of Rs.350 billion over the next five years. Reliance Industries promised extension of Reliance Jio telecom venture, with fresh investment worth Rs.100 billion. Aditya Birla Group, committed Rs.250 bn for the state in the next five years. Mahindra Group could set up a manufacturing unit for electric vehicle if the state government came up a with a favourable policy in this regard. This is the first time that as many as 5,000 delegates, including foreigners, have participated in any investor summit held by the state government.




Ahmedabad Metro gets Rs.592 cr


The Gujarat state government allocated Rs.592 crore for the Ahmedabad Metro project, besides funds for a number of other civic projects. The government made provision of Rs.100 crore for bio-mining project at Pirana dumping site, and Rs.65 crore for a split flyover bridge at Pallav Char Rasta. A provision of Rs.25 crore for Gandhigram Railway Underpass (from Nehru bridge towards Nagari Hospital) and Rs.20 crore for renovation of Sanskar Kendra museum and construction of World Heritage City Museum. Ahmedabad will also get funds under the Smart City Mission, Shaheri Awas Yojana, and Amrut Yojana, Additional provision of Rs.20 crore for starting light and sound show at Sabarmati Ashram, and other places related to Mahatma Gandhi.




Feedback Infrastructure raises Rs.685 crore from ADV Partners


Feedback Infra, which provides advisory services to the infrastructure and also manages operations and maintenance for power projects and roads has raised finance of Rs.685 crore from Asia-focused private equity fund ADV Partners Feedback Infra has been providing advisory, engineering and construction management services in the three verticals of transportation, energy and urban infra for close to three decades. Five years ago, operations and maintenance services were added to its portfolio.




Essel Infraprojects Ltd (EIL) pledges Rs.18,750 Cr for Uttar Pradesh at UP Investors Summit 2018


MOUs with intent to invest Rs.18,750crore in UP

MOU for establishing Energy, Tourism, Road and Urban Infrastructure

Expected to generate more than 54000 employment opportunities in the state

MoU to be signed as part of UP Investors Summit 2018

Essel Infraprojects Ltd (EIL) an enterprise of Dr. Subhash Chandra led Essel Group, committed an investment of Rs.18,750 Crores for the development of infrastructure in the state of Uttar Pradesh. EIL inked Memorandum of Understanding to this effect at the UP Investors Summit in Lucknow. Essel Infraprojects Ltd, through these MOUs, will cover sectors like energy, roads and tourism. Effort will be to improve power transmission and distribution in the state and also to bring in the company’s expertise in expressway Development and other road projects.

Essel has also pledged to invest in projects of waste management, 24x7 water supply and smart cities. The company has also prepared a vision document for the Smart City Governance Framework and Revenue Model for Integrated, Inclusive and Sustainable Smart Cities in India. In addition, EIL will also invest towards CSR, training and development of the youth in the State.

The company has also committed an investment of Rs.5000 Crores for developing road projects in the state and to the tune of Rs.3000 Crores each for boosting intrastate E-Buses project and Solar plants in addition to Rs.1000 Cr in building theme based parks within the state. Other areas of support would include development of e-rickshaw with battery charging and swapping stations with an investment of Rs.500 Cr, bus terminus development having an investment of Rs.750 Cr, Power Transmission projects & Power Distribution and MSW to the tune of Rs.1000 Cr each to name a few. The projects are expected to commence by the Financial Year 2019.




Rs.2,920 crore highway project in Karnataka


The government approved a Rs.2,920-crore project for widening a section of national highway-275, connecting Bengaluru and Mysuru, in Karnataka.

The six-laning of about 61 km is estimated to cost approximately Rs.2,919.81 crore including the cost of land acquisition and pre-construction activities. The civil construction cost is about Rs.2,028.93 crore.

The section connects Bengaluru and Mysuru and also links important places like Mangalore, Kodagu, parts of Kerala, etc to Bangalore.




Rs.492.87 crore project to ease traffic congestion in Bengaluru


Due to the growing pressure of the suburban traffic in Bengaluru, the railways have sanctioned a quadrupling project with a provision of two additional lines from Bengaluru Cantt to Whitefield at a cost of Rs.492.87 crore.

The 25 km stretch will involve six most important stations — Bengaluru Cantonment, Bengaluru East, Baiyyapannahalli, Krishnarajapuram, Hoodi and Whitefield.

The project is set to benefit 62,000 daily commuters in this section by making commuting within Bengaluru easy and faster.

The project is expected to be completed within two to three years.




NHAI awards Rs.4,453 cr highway projects in TN and Puducherry


The National Highways Authority of India (NHAI) has awarded highway projects worth Rs.4,452.56 crore to IRB Infrastructure Developers and Oriental Structural Engineers in Puducherry and Tamil Nadu.

The contract for Tamil Nadu project was awarded to IRB Infrastructure Developers. The other two works pertained to Rs.1294.47 crore and Rs.998.70 crore projects for four-laning of 38 km stretch of Puducherry - Poondiyankuppam section of NH 45A and 29 km section of Viluppuram - Puducherry on NH 45A.

Oriental Structural Engineers Pvt Ltd was awarded the Rs.1,294.47 crore contract and the Rs.998.70 crore contract was awarded to IRB Infrastructure Developers.

The 180-km long Villupuram-Nagapattinum
section transverses through major towns Puducherry, Cuddalore, Chidambaram, Sirkazhi and Karaikkal.




Virgin to build India’s first hyperloop between Mumbai and Pune


Virgin Hyperloop One has inked an intent agreement with the Indian state of Maharashtra to construct a hyperloop transportation system between Mumbai and Pune.

Once completed, the hyperloop route will connect central Pune, Navi Mumbai International Airport and Mumbai in 25 minutes and connect 26 million people.

The project will commence with a six-month in-depth feasibility study, which will examine and define the route alignment including environmental impact, the economic and commercial aspects of the route, the regulatory framework, and cost and funding model recommendations.

The project will enter a procurement stage after the completion of the feasibility study to determine the public-private partnership model.

Construction on the Pune-Mumbai hyperloop route would commence following procurement and will be delivered in two phases.The initial phase will include the construction of an operational demonstration track between two points on the route. The demonstration track will be built in two to three years from the signing of the agreement.

It will be used as a platform for testing, certifying, and regulating the system for commercial operations. Work on the second phase of the full Pune-Mumbai route is set to be completed in five to seven years.

Later the route could be extended to connect central Pune with New Pune International Airport and Jawaharlal Nehru Port in Mumbai with the industrial economic zones in Pune.


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