18 October 2019

Table of Contents for Ticker Tapes





Ticker Tape-Infrastructure

GOVERNMENT CLEARS NH UPGRADATION PROJECT

The Centre has approved a Rs.16,680 crore for the National Highways upgradation project. The project will cover eight NH stretched and will construct about 1,000 km of expressways. The project will be executed on design, build, finance, operate and transfer mode under NHDP Phase-VI. The eight identified stretches for upgradation into expressways are the Delhi-Chandigarh section of NH-1 and NH-2 (249 km), Bengaluru-Chennai section of NH-4 (334 km), Delhi-Jaipur section of NH-8 (261 km), and Kolkdata-Dhanbad stretch of NH-2 (277 km). In addition, the national highways to be upgraded also include the Delhi-Meerut section of NH-58 (66km), Delhi-Agra section of NH-2 (200 km), and the Eastern Peripheral Expressway (135 km).

 

JNPT-SEZ TO BE READY IN 2 YEARS

Work on the construction of JNPT SEZ is expected to be fully completed in the next two years at a cost of Rs.500 crore. The Industrial infrastructure project is to be established on 277 hectares with a total public and private investment of about Rs.4,000 crore. This is being planned as a self-sustainable integrated development project having a potential of generating over 1.5 lakh direct and indirect jobs.The ambitious SEZ is being developed by JNPT-SPV (Special Purpose Vehicle) under the engineering, procurement and construction (EPC) mode. Earlier in May this year, a detailed project report (DPR) was prepared by L&T IEL and was approved by JNPT.

 

SAGARMALA PROJECT LAUNCHED IN KARNATAKA

The Union Ministry of Shipping has unveiled the NDA government’s ambitious Sagarmala Project in the state of Karnataka. The project envisions providing ports and shipping utilities a rightful place in the Indian economy and thereby strengthening the country’s port sector. The prime objective of the project is to promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively. The Karnataka government has also urged the Centre to include vital projects like four laning of Mangalore-Hassan NH and linking of Hubballi-Ankola railway line in the project to ensure seamless movement of cargo to and from the port. State government officials have also suggested a need to develop one more major port in North Karnataka for the region’s overall development and have sought relaxation of CRZ regulation in boosting tourism.

 

Rs.1000 CR FOR INDO-BANGLADESH RAIL LINK

A Rs.1000 crore fund has been sanctioned by the Central government for the Indo-Bangladesh rail link project. The project involves laying of a 15.06 km long tracks to connect Agartala with Akhaura railway junction in Bangladesh. The project on completion would reduce the distance from Agartala to Kolkata from 1,650 km to 515 km. IRCON will construct the entire route owing to its experience on working in Bangladesh. As a part of the project, an elevated corridor will be constructed for covering 3.7 km length of the route. The project is expected to be fully completed by 2017.

 

RAILWAYS TO CONSTRUCT 12,000 PLUS OVERBRIDGES

Aiming to resolve train accidents, the Railway Ministry plans to construct more than 12,000 overbridges across the country. The decision was announced by Manoj Sinha, the Minister of State for Railways while laying the foundation stone of rail bridge on the Jaunpur-Mirzapur route. According to the Ministry’s findings about 40 per cent of the accidents took place at unmanned crossings and in 60 per cent cases the victims lost their lives due to such mishaps. The project cost will be shared by railway ministry and the National Highway Authority of India. The Ministry however has not yet disclosed the estimated timeline for the project’s completion.

 

L&T TO DEVELOP INFRA IN ANDAL AIRPORT CITY

Bengal Aerotropolis Projects Ltd (BAPL) has roped in Larsen & Toubro (L&T) for the city-side infrastructure development of Sujalaam Skycity -- the Andal airport city. L&T will be responsible for the construction of drains, roads, bridges and a sewerage network, along with a world-class sewerage treatment plant, water supply network, central water reservoir, and elevated water tanks. In addition, L&T will also conduct the land survey and prepare a blueprint for the construction activities. Construction work at the project site will commence post-monsoon, said BAPL in its official release.

 

PARADIP TARGETS 270.50 MTPA PLUS CAPACITY

The Paradip Port Trust plans for a massive infrastructure upgradation and expansion activities in the coming years. As a part of its expansion strategy, the port will raise its capacity to over 270.50 million tonnes per annum by 2023 and will also deepen its channel to 20 meters. The deep drought facility is expected to enable the port to handle Cape Size vessels which will be economical for trade, particularly export and imports. The Port handled more than 27 million tonnes of cargo during the current fiscal and improved its average turnaround time by over 14 per cent as against the corresponding last year.




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