22 October 2019

`34,222 CR HIGHWAY PROJECTS HIT

 

In what could be a sign of the slow pace of infrastructure growth across the country, 29 highway projects collectively worth `34222 crore covering a distance of 3,748 km have either been terminated, foreclosed or have been cancelled.  All the projects were to have been implemented under a build-operate-transfer basis as per a report submitted by P Radhakrishnan, Minister of State for Road Transport and Highways in the Lok Sabha. 

 

 

 

AP PROJECT SOLD BY HCC

 

HCC Concessions Ltd, the infrastructure development arm of the HCC Group, has announced the sale of Nirmal BOT Ltd., its annuity project in Andhra Pradesh to Highway Concession One Pvt. Ltd., an entity majorly held by IDFC Alternatives managed India Infrastructure Fund. Nirmal was the first NHAI BOT project of the HCC Group and was completed in July 2009, 3 months ahead of schedule. The project, awarded by NHAI for a concession period of 20 years, has been operational for 5 years now. Nirmal is 30 kms long and connects Kadtal to Armur on NH-7 in Telangana. The project was developed with a total capital cost of `315 crore. HCC Concessions shall receive total consideration of `64 crore for the transaction. Highway Concessions One will acquire 74 per cent equity stake upfront, while the balance 26 per cent equity stake shall be acquired upon receipt of an approval from NHAI. 

 

 

AECOM GC FOR MUMBAI METRO 3

 

Mumbai Metro Rail Corporation Limited has appointed AECOM Asia Company Ltd-led consortium as the General Consultant for the 33.5 km long and fully underground Colaba-Bandra-SEEPZ Mumbai Metro Line 3 project. The consortium led by AECOM Asia Hong Kong consists of Padeco, Japan, LBG Inc, USA and Egis Rail, France. AECOM’s overall scope will be to assist MMRCL in evaluation of bids for civil works and appoint the contractor, review and proof-checking of detailed designs prepared by the contractor’s designer with respect to work awarded on ‘Design-Build’ basis, preparation of tender design, construction supervision including supply and installation, system integration and commissioning of all system components, testing and commissioning of the entire system and preparation andfinalisation of operation and maintenance manuals.

 

 

 

JNPT WORK ON HOLD

 

Barely two months after short-listing five bidders in a global tender for its `2500 crore liquid cargo terminal work the Jawaharlal Nehru Port Trust has opted to put on hold the award the project. The authorities have now decided to review of the project in the wake of concerns that demand for liquid cargo handling capacity could emerge much lower than the expected traffic volume. It is reported the project designed for a capacity of 15 million tons a year could be scaled down to 7.5 mt. Instead of four berths being constructed the port authorities will now opt for two. It may be recalled the port had short listed firm like the Adanis, Shapoorji Pallonji Group and United Liner Agencies for setting up the project on public private partnership (PPP) basis with the intention to award the contract by second half of next year.

 

 

 

KOCHI ROADS GET BOOST

 

Kochi Metro Rail Limited (KMRL) authorities have issued instructions to bolster the road corridors in the city as part of traffic diversion for the metro project. As many as 23 road corridors in the city and suburbs will be strengthened and improved. The concerned agencies have been directed to complete road cutting work for cable and pipeline. As part of the `31 crore facelift, the roads to be upgraded by March this year will be resurfaced using bituminous macadam and bituminous concrete. The corridors include Edappally Marotichodu-Sahakarana Sangam Road; Mamangalam-Pottakuzhi Road; Bund Road connecting Thykoodam on NH 47 Bypass with Panampilly Nagar Avenue Road (through Amalabhavan Road and Yuvajanasamajam Road); Thykoodam Under Pass Road to SA Road (Vyttila-Janatha Road); AKG Road, Thykoodam Church Road and link roads, Jawahar Road and Masjid Road; Fathima Matha Church Road (Elamkulam Jn. to Subash Chandra Bose Road) etc.

 

 

SKIL FOR `1000 CR SEAPORT TERMINAL

 

A multipurpose terminal is planned to be built at a cost of `1000 crore at Karanja in Maharashtra’s Raigad district over the next two years. The investment being proposed by SKIL Ports and Logistics involves development of a 200-acre land parcel. The terminal for which state Chief Minister Devendra Fadnavis laid the foundation stone for the port recently will have a  sea frontage of 1,000 metres. The terminal and port is expected to be operational in two years and will have the advantage of proximity to the country's largest container port Jawaharlal Nehru Port Trust (JNPT) and being located across the channel from the Mumbai Port.

 

 

 

CHENNAI MONORAIL WORK FOR MID-2015

 

Delay in procedural formalities could lead to the Chennai Monorail project commencing only after June 2015, it is being assessed. While the first round of the bidding process was begun in 2011, Tamil Nadu officials had expressed dissatisfaction with the limited number of participants, scrapped it to go for the second round. Admittedly though a couple of prospective promoters were shortlisted, they did not participate in the bidding process and in August 2013, the second tender lapsed. In the third round initiated in February 2014 there were two bidders in the fray. It is now being said it will take three more months to award the contract. 

 

 

 




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