Hindsight: The roads sector had planned for a highly ambitious growth rate. Earlier we were doing around 2,500-3,000 km every year. We then stepped up and said we would do 8,000 km-the confidence stemming from the fact that we were able to achieve as much as 7,800 km. In the last year or so, there hasn´t been much of a response in the market, partly because the economy had slowed down, and partly because there were some problems involving major players.
Category: Roads & Highways
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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EPC: Exciting year ahead
Plans: Within our business verticals we are looking at increasing scope and scale, new addressable markets and new geographies. New business growth shall come from not just EPC business but through BOT, PPP and construction. Urban infrastructure wherein we have synergies with our industrial infrastructure (such as urban transport) are being ventured into. These new forays cumulatively shall drive growth in the next 3-5 years.
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Land Acquisition Act 2013 | Towards a participatory model
Land Acquisition for major economic projects has shot to national attention lately and captured media space and informed discourse. DK Ojha explains the salient features of the new Land Acquisition Act and recommends that land requirement should be indicated in advance for speedier implementation.
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HCC gets IRCON contract
Hindustan Construction Company (HCC) has been awarded a contract worth Rs 442.52 crore by IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund Section of the Udhampur-Srinagar-Baramulla New Broad Gauge Railway Line Project. The project will be completed in 48 months.
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Exit policy faces hurdles
The Union Government, which had announced the exit policy for highway projects in last July, has now said that the policy does not require any reworking. With this, the exit policy to release the much-needed equity into the sector, has hit a fresh hurdle. As per the policy of the National Highway Authority of India (NHAI), concessionaires could be substituted after approval from lenders and a new special purpose vehicle (SPV) would be formed to take over the project.
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Measures to develop ports
Allowing FDI up to 100 per cent under the automatic route for port development projects and income tax incentives are among the steps being taken by the government for capacity expansion of ports, the government has said. Other measures include standardising the bidding documents like RFQ, RFP and Concession Agreement, enhanced delegation of financial powers to Shipping Ministry to accord investment approval for PPP projects, streamlining of security clearance procedures etc.
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SCR to build 17 bridges
The South Central Railway (SCR) plans to complete construction of 17 road overbridges (RoBs) or underbridges (RuBs) during the current financial year. The decision was taken at a review meeting held by SCR General Manager PK Srivastava with officials of the construction department. Srivastava reviewed current status of sanctioned projects, their progress during the current financial year and the action plan for work targets, according to an SCR press release.
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MoU signed for mega road project
A Memorandum of Understanding (MoU) has been signed between the Rajasthan state government and the World Bank for road projects that connect 1,056 identified villages with an assistance of Rs 1,200 crore from the World Bank. The state PWD Minister Yunus Khan said notice inviting tenders would be issued soon and work would begin in the next 60 days.
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Interventions needed to remove roadblocks
Recognising the adverse implications of poor development in some of the infrastructure segments, the Indian government has significantly increased its infrastructure spending over the last 10 years.