The roads sector had witnessed an aggressive bidding during the financial year 2011 and 2012. Projects of over 11,000 km were awarded during these years. But the lack of proper governance affected the execution of most of these projects.
Author: admin (Infratructure Today)
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Competition Picks Up in HAM
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
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Roads To Recovery
The roads & highways sector is on a resurgent path, with fresh government initiatives for revival of projects, and new models such as hybrid annuity are expected to boost investor sentiment.
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MMRC tweaks plan for Metro-III project
The Brihanmumbai Municipal Corporation (BMC) may be pushing for quick environment clearance to get its showpiece coastal road project off the ground, but the Union Ministry of Environment and Forests (MoEF) has pointed out basic shortcomings that could further delay the project.
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Delhi Metro touches 33-lakh ridership mark
Delhi Metro ridership has breached the 33 lakh mark, reaching an all-time high. During August, nine out of the ten daily ridership records of the mass rapid transit system have been logged.
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IIT-Hyderabad bags Japanese transport project
Indian Institute of Technology - Hyderabad has bagged a Rs.30 crore project from Japan in the area of multimode transportation as the institute pursues to further nurture its special relationship with that country.
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Centre to be 50% shareholder in multimodal hubs
The Government of India will be a 50 per cent share-¡holder in the proposed multimodal logistics hub and the multimodal transport hub, which are part of the Delhi-Mumbai Industrial Corridor (DMIC) project at Greater Noida.
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50 more operational airports by 2019
Civil Aviation Minister Ashok Gajapathi Raju has said about 50 more airports, including the existing inactive ones, will be activated in the next three years.
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G Infra bags Rs.400-cr project from NHAI
G Infra has bagged a Rs.400 crore project from National Highways Authority of India (NHAI) for two-laning a road connecting two highways in Rajasthan. ´The 62 km long Tonk-Sawaimadhopur section would be executed on EPC mode and completed in two years from the date of commencement of the project,´ the Ministry of Road Transport and Highways said in a statement.
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Jammu-Srinagar highway project in limbo
The ambitious Jammu-Srinagar Highway expansion project is yet to pick up desired pace as only 4 per cent work has been completed on the treacherous 79-km Udhampur-Banihal stretch in the last eight months.