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.
Category: Roads & Highways
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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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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. ĆĀ“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,ĆĀ“ 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.
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Bids open for underpass project in Gurgaon
In a major fillip for infrastructure development on the Delhi-Gurgaon Expressway, the National Highways Authority of India (NHAI) has opened financial bids for the construction of three crucial underpasses on the highway.
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Tata Motors delivers 241buses to KSRTC
Tata Motors has delivered 241 buses to KSRTC (Karnataka State Road Transport Corporation), under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
The buses are equipped with new-generation Tata Cummins ISBe engines, air suspension, multiplex wiring meeting Urban Bus specification II, laid down by the Centre
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Dilip Buildcon bags Rs.2,016 crore road project in UP
Infrastructure firm Dilip Buildcon has said that it has bagged a Rs.2,016 crore road project in Uttar Pradesh. ĆĀ“The National Highways Authority of India has declared the company as the selected bidder for four-laning of Lucknow-Sultanpur section of NH-56 from 11.50 km to 134.70 km in the state of Uttar Pradesh under NHDP Phase IV on a hybrid annuity basis at a project cost of Rs.2,016 crore,ĆĀ“
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Panvel plans to revive Uran road bio-gas plant
Panvel Municipal Council (PMC) has initiated steps to revive a defunct bio-gas plant located in the market yard area on Uran road. After PMC sought the help of Bhabha Atomic Research Centre (BARC) in reviving the project, BARC submitted a proposal to revive the plant at a cost of around Rs.25 lakh.
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Indian petroleum goods to pass through Bangladesh
Indian Oil Corporation and the Roads and Highways Department of Bangladesh have signed a Memorandum of Understanding in Dhaka. The MoU enables IOC to send its trucks carrying motor spirit, high speed diesel, superior kerosene oil and liquefied petroleum gas from Meghalaya to Tripura via the territory of Bangladesh.