Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects, according to Parag Parikh, ED and CFO, Gammon Infra. The five road projects include Yamunanagar-Panchkula in Haryana, Patna-Buxar in Bihar, Sidhi-Singrauli in Madhya Pradesh, Birmitrapur Barkote in Orissa and Vijayawada Gundugolanu in Andhra Pradesh.
Category: Roads & Highways
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Highway construction reaches 15 km a day
Construction and expansion of national highways touched 15 km a day during 2012-13, registering an increase of over 4 km per day. Though this is much less than the government's commitment to construct 20 km per day, it has come as a relief to the Union Highways Ministry and National Highways Authority of India (NHAI) in light of very few projects on public-private-partnership (PPP) being bagged by highway developers.
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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Action: Bric by bric
The Cabinet Committee on Investment is moving steadily in the direction of unwinding gridlocks. After the last meeting this month with banks P Chidambaram has initiated them to highlight the funded projects which are stuck due to clearances. The banks have moved with alacrity and their first such meeting took place in Bangalore hosted by Canara Bank
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Policy: A welcome move, but
We should guard against the risk of viewing the mere constitution of a regulator as a panacea for all the problems facing the sector, writes S Nandakumar.
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Yamuna Expressway project has opened plethora of opportunities for the state
Yamuna Expressway project is a classic example of how a huge tract of land can be utilised to develop industries of so many types, facilities of all kinds and much more.
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Goa–Kundapur h’way to be upgraded at Rs 2,600 cr
By spending Rs 2,600 crore the Kundapur-Goa National Highway is going to be upgraded into four-lane road. The National Highways Authority of India (NHAI) and IRB Infrasgtructure Developers have signed an agreement to convert the NH 17 from the present two-lane to four-lane highway. IRB has sought a grant of Rs 536.22 crore from NHAI to execute the project.
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HC lifts stay on Sector 56 road project in Gurgaon
The Haryana Urban Development Authority (HUDA) has now started working on a road project near a prominent private school in Sector 56. HUDA has started the work of calculating budget for the road that goes along the private school.
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HC asks Thane TMC to complete road projects
The Bombay High Court has chided the Thane Municipal Corporation (TMC)recently for not undertaking road projects approved in the city development plan. The PIL came up for hearing before a division bench of Justices Ajay Khanvikar and AP Bhangle who then directed the TMC to take up the issue with the departments concerned and resolve it within two weeks.
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MMRDA takes up road works on big scale in suburbs
The Rs 4,028-crore budget cleared by the Mumbai Metropolitan Region Development Authority (MMRDA) on March 23 made it clear that the budget's thrust would be on road infrastructure development in the city's distant suburbs such as Thane, Navi Mumbai, and Kalyan-Dombivli.