23 October 2019

Table of Contents for Ticker Tapes





Ticker Tape-Infrastrucutre

MMRDA’S `69,000 CR PROJECT BOOST

The MMRDA has given its approval for projects collectively worth `69,425 crore as part of the plan to bolster infrastructure in Mumbai. The projects include the the 40-km Dahisar-Charkop-Bandra-Mankhurd Metro Corridor worth `25,605 crore, the 33.5-km Colaba-Bandra-Seepz metro corridor worth `24,340 crore, and the 32-km Wadala-Ghatkopar-Thane-Kasarvadavali metro corridor worth `19,097 crore. The other developments include the construction of four flyovers at the Bandra-Kurla Junction and the Bandra-Kurla-Chunabhatti connector at a cost of `227 crore and `156 crore respectively.

 

 

 

SPV TO FAST TRACK RAIL PROJECTS

 

The Gujarat government has joined hands with the Union Railway Ministry to set up a Special Purpose Vehicle (SPV) for fast tracking of the state’s rail projects. The SPV will focus on development of Sabarmati and Surat railway

stations, rail connectivity between Gandhinagar and other state capitals, introduction of new trains and expansion and conversion of rail networks across the state.

 

 

 

`34,300 CR PROJECTS FROM NHIDC

 

The National Highways and Infrastructure Development Corporation’s (NHIDCL), a fully owned PSU under the Minister of Road Transport and Highways, has announced its plan to construct 3,586 km of highways in tough terrains across the country. The projects collectively worth `34,300 crore also include highway construction projects in the North-East regions. NHIDCL has also released its first tender to improve the two-lane NH standards of Akajan-Likabali-Bame road in Arunachal Pradesh worth `272 crore. Besides, the company also plans to execute a project worth `12,000 crore to build port connectivity at the newly proposed Sagar Port in West Bengal.

 

 

 

RAJASTHAN URBAN INFRA WORKS

Authorities in Rajasthan have announced the roll out of its plan to develop six cities under the Rajasthan Urban Infrastructure Development Project (RUIDP) phase III project with the support of Asian Development Bank (ABD). It is reported under the planned development  that the government will seek  to improve the water distribution network, sewerage system, drainage in Sriganganagar, Hanumangarh, Jhunjhunu, Pali, Tonk and Bhilwara. The project will see assistance of about `3,000 crore from the ADB, with the state chipping in with about `660 crore. 

 

 

 

SURPLUS LAND FOR NEW INFRA PROJECTS

 

The Centre has sought details of land available with public sector companies with the view of making them available to key firms involved in key infrastructure and manufacturing projects and to get the growth momentum back on track. It is reported nearly 18 lakh acre of land — or nearly five times the area of Delhi — is currently available with various state-run companies. It is felt that with 8-10 lakh acre of land available in metros like Mumbai and Delhi those could be utilised for the projects.

 

 

 

NHAI PROJECTS TO USE CEMENT CONCRETE

 

The government has announced its decision to use cement concrete it all its roads and highways projects not only to give a fillip to the cement concrete sector but to improve the quality and life of the construction, Union Minister for Roads and Highways Nitin Gadkari has said. It has also stressed on road development to reach the targeted benchmark of 30km per day.

 

 

 

IVRCL TO DIVEST INFRA ASSETS

 

IVRCL is looking to focus on its core business of EPC (engineering, procurement and construction) contracts and water projects, including irrigation and last mile works in water grids. It is therefore planning to divest its stakes in completed BOT projects.  The company is on course to complete stake sale in three road projects and a desalination plant all located in Tamil Nadu by the end of this year. This will enable the company to bring down its debt by `2,500 crore and free up `600-800 crore in equity.

 

 

 

NIIT BOOST FOR AIRPORT INFRA

 

NIIT Technologies Ltd plans to complete its airport management projects spread across 10 cities by this March. Scope of work under the projects worth `344 crore involves establishing airport operation control centres in 10 cities in partnership with SITA, a firm involved in the business of IT and communication oriented air transport activities. Of the 10 cities, the project is already implemented at five airports – Jaipur, Kolkata, Chennai, Ahmedabad and Guwahati. Through the project an airport management system will be set up to consolidate information from different systems and interfaces into a single database and will offer real-time data available to travellers and stakeholders across the 10 cities.

 

 

 

CANADIAN FIRMS SIGN DEAL WITH GIDB

 

A consortium of Canadian infrastructure companies has signed a memorandum of understanding with the Gujarat Infrastructure Development Board (GIDB) to collaborate in projects related to the Delhi-Mumbai Industrial Corridor (DMIC) development .The engagement between Stantec Consulting and Minaean International Corp and the GIDB is expected to open the door for increased collaboration and cooperation by Canadian companies in the Dholera Special Industrial Region. The consortium includes companies with expertise in urban planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, project economics and steel construction.

 

 

 

`26 LAKH CR FOR INFRA NEEDED

 

A recent study by Crisil Ratings highlights a need for a massive `26 lakh crore for the next five years to finance India’s infrastructure projects. Of this 80 per cent will be dedicated to power, roads and urban infrastructure segments, expanding transportation networks, revamping water supply and sewerage infrastructure.

 

 

 




Leave a Comment

Name  
Email Address
(will not be published)    
Website
Comment