With the Indian Economy still being in growth trajectory, the country faces acute gridlock in its rail transport. The massive upgradation and expansion of railways is not only critical input needed to stay at the desired growth but the act of massive investment in railways itself will be a propellant for further uplifting the inclusive growth of the economy, writes Mohit Sinha.
Category: Roads & Highways
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Felicitating industry leaders
Over the last fiveyears there has been increased private sector participation in infrastructure via Public Private Partnerships (PPP), and as an objective but active participant in documenting this growth, Infrastructure Today established the InfrasÂtructure Today Awards in collaboration with KPMG. It is our endeavour to applaud and recognise partners in the nationÂ’s growth through partnerships, a mode that has caught the fancy of the nationÂ’s policymakers, owÂners and developers.
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Vizag to implement ` 20 billion worth projects through PPP route
Ajeya Kallam, Chairman of Vizag Port informed that the port expects to complete Rs 2,000 crore worth of capacity augmenting projects through public-private partnership mode by 2015-16.
Through these projects, the port authority plans to raise its cargo handling capacity to 140 million tonne from the present 66 million tonne. Of the nine projects, the port has already taken up six under the PPP mode with an investment of Rs 1,500 crore, he said.
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Leading firms eye ` 211.4 bn rail corridor project
Leading infrastructure companies like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra, CAF South Africa are eyeing the Rs 21,147-crore Mumbai elevated rail corridor project.The railways seeks to implement the 60-km corridor project on public private partnership (PPP) basis and would invite bidding for the same in a few months. Reports suggest that the railways would close the first round by March-end, when the bidders would submit requests for qualification (RFQs). The successful bidder
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IDFC eyes stake in Gurgaon expressway project
Infrastructure Development Financial Company (IDFC), which is one of the lenders for the Delhi-Gurgaon expressway project, is in the process of picking up stake in the project, reports suggest
The concessionaire of the project-- Delhi-Gurgaon Super Connectivity (DGSCL) --can reduce its share from 100 percent to 26 percent two years after tolling starts and has to report to NHAI in such case, according to an agreement with NHAI.
IDFC is the lead financial institution in a consortium of lenders
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Ongoing railway projects need ` 1.47 trillion
Railway ministry pegged the investment requirement for the 347 ongoing new line, gauge conversion and doubling projects at about Rs 1.47 lakh crore as on April 1, 2012.
All sanctioned projects are progressing as per availability of resources, Minister of State for Railways Adhir Ranjan Chowdhury informed Lok Sabha.Targets for projects are fixed on yearly basis based on availability of funds. To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing throu
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Ongoing railway projects need ` 1.47 trillion
Railway ministry pegged the investment requirement for the 347 ongoing new line, gauge conversion and doubling projects at about Rs 1.47 lakh crore as on April 1, 2012.
All sanctioned projects are progressing as per availability of resources, Minister of State for Railways Adhir Ranjan Chowdhury informed Lok Sabha.Targets for projects are fixed on yearly basis based on availability of funds. To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing throu
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Pamban Bridge to be renovated
In Tamil Nadu’s Rameswaram, the famous Pamban Road Bridge, constructed across the sea connecting the Rameswaram Island with main land, is to be renovated at a cost of Rs 15.5 crore. The renovation of the 2.5 km long ‘Annai Indira Gandhi Bridge’, built in 1987, would be started next month, Ramanathapuram District Collector K Nandakumar said.
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Pamban Bridge to be renovated
In Tamil Nadu’s Rameswaram, the famous Pamban Road Bridge, constructed across the sea connecting the Rameswaram Island with main land, is to be renovated at a cost of Rs 15.5 crore. The renovation of the 2.5 km long ‘Annai Indira Gandhi Bridge’, built in 1987, would be started next month, Ramanathapuram District Collector K Nandakumar said.
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Centre eyes stiff road target in Five-year plan
To get at least 47 per cent investment from the private sector during this 12th Five Year Plan (2012-17) period for construction of highways, the Union government is likely to set a stiff target for Road Transport and Highways Ministry. This is 9 per cent more than what the sector has got during the 11th Five Year Plan.