India Infrastructure Finance Company (IIFCL) operationalised its wholly owned project advisory subsidiary.The new subsidiary IIFCL Projects Ltd will provide advisory services not only to project developers, but also to various state governments and organisations like the National Highways Authority of India (NHAI).This subsidiary will be involved from the initial stage of a project and up to the award of a project.
Category: Roads & Highways
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IVRCL bags Haryana road proj
Haryana government awaÂrded Rs 1,201.70 crore order for four-laning a151 km stretch of a highway to IVRCL Assets & Holdings.The contract includes rehabilitation, up-gradation and widening of the existing carriageway to four-lane standards with construction of new pavement, rehabilitation of existing pavement, construction of bridges, drains, etc.
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EPE road project faces delay
The 135-km Eastern Peripheral Expressway (EPE) that is intended to link Haryana’s Palwal town with Uttar PraÂdesh’s Kundli, is facing further delay.While the cabinet committee on infrastructure and the Public Private Partnership Appraisal Committee (PPAC) approved toll rates on par with those on national highways and the Western Peripheral Expressway (WPE), the Road Ministry insists on charging 50 percent more.
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Putting infra ducks back in a row
Much has been said about the now popularly termed policy paralysis over the past two years that has led to uncertainty in implementation of and financing to infrastructure sectors. With the single exception of the roads sector, none of the major sectors have met expected growth levels this year.
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Transport: Mechanise projects
Proper mechanisation in road project is needed using the advanced technology to complete the projects within the stipulated time. In India, the equipment bank concept is not so popular.
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Roads: Refocus on 20 km/day
This is the penultimate budget of the government before elections. The last budget usually is not one where big ticket reforms can be kicked in. Political comÂpulsions make those budgets populist
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PPP in warehousing will be transformative: Experts
Several investors have exited the rural infra segment over the past few years. because they could not achieve the scale they wanted to, perhaps because of wrong strategies. This year, can it be the switch that the government can use to trigger economic growth back on track?
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Fin Min favours BOT model for road contracts
The Finance Ministry is not in favour of using state grants to develop 20,000 km of roads in the 12th Five-Year Plan. The Ministry wants the road department to contract projects on build-operate-transfer (BOT) basis.
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Call for transparency in toll collection
The Ministry of Road Transport and Highways has proposed to set up an independent regulatory body to monitor toll charged by private road builders on national highways.
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Japan to invest in road, maritime sectors
After investing in the railways and metro rail transportation in India, Japan is looking to step up its investments in roads and maritime sectors. A Japanese delegation led by Takeshi Maeda, Japanese Minister for Land, Infrastructure,