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.
Category: Roads & Highways
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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.
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Rs 862 lakh to be released to Pune’s BRTS
The Union Urban Development has approved the proposal for release of third installment of Rs 862 lakh for the BRTS corridor-Kalewadi-KSB Chowk to Dehu-Alandi Road (Trunk Route 7).
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HC rejects PILs filed against road construction in Mundra
Two public interest litigations (PILs) filed in the Gujarat High Court challenging the construction of a road connecting Adani GroupÂ’s Mundra Port in Kutch district to the National Highway-8A were recently rejected by the court. The villagers of Mundra taluk had challenged the construction of a 9-km-long road.
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Govt hopeful to award big highway projects soon
The Union Road Transport and Highways Minister Oscar Fernandes has said that he expects road projects worth over Rs 1 lakh crore, which have been stuck for long, are to start moving from next month as a concrete decision on the rescheduling of premium paid by developers is expected by the end of this December.
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Road developers not keen despite govt’s initiatives
IndiaÂ’s highway construction policy has reached a dead end in meeting the targeted 20 km of road a day. This has been indicated as the National Highways Authority of India (NHAI) has drawn a blank in auctions of road stretches this year.