Railways is seeking the coÂoperation of the private sector for developing rail infrastructure in the country. For this purpÂose, Railways has framed pubÂlic-priÂvate participation (PPP) inveÂstment models for its exiÂsting as well as new projects. It has also drafted policy for priÂvate participation in rail connÂectiÂvity and capacity augÂmenÂtation projects.
Category: Roads & Highways
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Farmers donate land for road
Villagers of Tentulia in Murshidabad, about 250 km from Kolkata, set an example by donating 5 acre of agricultural land to build a road. The road will connect Mahalandi with Tentulia. Villagers who do not possess land are trying to help by providing labour. Tentulia village under Mahalandi in Kandi was disconnected from the mainland because there was no road.
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Learn from highways to get processes right: Experts
If the nascent segment of rural roads must attract private participation to raise the quality bar,it needs to gain the confidence of the companies by doing its tendering processes right and offering government clearances upfront.Mahesh M Hiremath, COO, Karnataka Rural Roads Development Agency, one of the better state performers having upgraded nearly 15,000 km of rural roads to all-weather with an expenditure of Rs 3,371 crore under PMGSY.
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Rural roads Country roads, take me home
A new opportunity knocks on the doors of private developers, especially those in the second-tier or contractors aspiring to be developers. Rural roads are all set to offer large opportunities this year as the government steps on the accelerator to see projects through, after the successful experiment by PMGSY especially in quality monitoring and maintenance contracts. Janaki Krishnamoorthi writes.
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New scheme to lure cos to highway projects
The government has drawn up a new scheme of ultra mega road projects (UMRPs), where firms will have the right to develop real estate alongside the stretches. This is to boost the viability of road products without adding to fiscal stress and attract big corporations into the sector. Each UMRP will be marked for its sheer size - Rs 20,000 crore each - and the resultant gain on cost efficiency.
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Less bidders for NHAI projects
November saw some moderation in competitive bidding for the National Highways Authority of India's (NHAI) road projects. NHAI has awarded nine projects in two weeks where the number of bidders was relatively less as compared to last two-three quarters.
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IRB Infra to seek compensation
IRB Infrastructure Developers plans to claim a compensation of around Rs 60-70 crore from the National Highways Authority of India (NHAI) for terminating its contract for a Goa road project after the latter could not acquire land for it. Road projects have faced delays due to issues relating to land acquisition, environmental clearances and right of way but this is only the second instance in the last two years where a project has been cancelled due to NHAI's inability to acquire land.
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Shunglu report: Can SEBs finally breathe easier?
Under pressure from banks, who are refusing to lend, state utilities are poring over the new reports by Shunglu and BK Chaturvedi Committees. Is franchise the best way forward, though? At 31 percent, the national average on AT&C losses are unacceptably high. Quantified, this amounts to nearly Rs 70,000 crore of losses, and the Finance Commission fears that this amount will rise to Rs 1.16 lakh crore by 2014-15.
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GVK bags MP road project
Infrastructure major GVK Power & Infrastructure (GVK PIL) has recently been awarded the 332-km Shivpuri-Dewas mega road project in Madhya Pradesh by the National Highways Authority of India (NHAI).
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Govt to raise Rs 10K cr debt for highway projects
Through a public debt issue, India will soon raise Rs 10,000 crore ($1.9 billion) for funding its ambitious national highways project, Union Road Transport and Highways Minister CP Joshi said.