In Mumbai, residents of Kalina-Kurla area staged a road blockade (rasta roko) and demanded the authorities concerned to complete work immediately on the Kalina-Kurla bridge over Mithi river. The protesters blocked traffic on LBS Road to a standstill for close to half an hour.
Category: Roads & Highways
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IRB’s traffic growth slow on State h’ways
For the second quarter ended September, IRB Infrastructure's traffic growth has been slower due to traffic at its state highway road projects shrank when compared to last year. The company stated that traffic at three of the company's state highway projects shrank two to three per cent.
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A Disconcerting Year For PPP Ends
This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
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Bharat Forge awarded Sword of Honour
Bharat Forge has been conferred upon with the prestigious international "Sword of Honour Award" by the British Safety Council for Health & Safety, Management Systems. The Sword of Honour Award was received by BP Kalyani, Executive Director, Bharat Forge at the historic Goldsmiths' Hall in the City of London. The Sword of Honour is a reflection of high standards of Health & Safety performance and demonstration of leadership in safety in all phases of operations across the plant.
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Bharat Forge awarded Sword of Honour
Bharat Forge has been conferred upon with the prestigious international "Sword of Honour Award" by the British Safety Council for Health & Safety, Management Systems. The Sword of Honour Award was received by BP Kalyani, Executive Director, Bharat Forge at the historic Goldsmiths' Hall in the City of London. The Sword of Honour is a reflection of high standards of Health & Safety performance and demonstration of leadership in safety in all phases of operations across the plant.
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Can NHAI really help?
The current levels of stress have been harsh on the road sector as a whole, indicating that there could be further deterioration in credit quality. While describing the current concerns of the toll roads sector, R Venkataraman believes the various steps taken by NHAI may not greatly help the ailing sector.
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How the cookie crumbles
With escalated construction costs excarberating to halved traffic growth projections, M Murali explains the startling fact that delays stood at an average of 73 per cent beyond the original timelines.
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Redrafted MCA The roads beckon … again
The Model Concession Agreement (MCA) for National Highway development, which attracted aggressive bids soon after it was revised in 2009, was more of a first draft that also led to delays, disputes and project exits. As a cascading effect, this has resulted in fewer takers for new projects. Janaki Krishnamoorthi examines the revisions that are due in the MCA for highways.
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New MCA will have four changes, including dispute resolution
BK Chaturvedi, Member of the Planning Commission of India, is in the hot seat. It was his draft of the original MCA in roads that made all the difference to PPP in roads. Now itĂÂŽs time to debug that document, he tells Garima P.
Have investors been withdrawing on account of the existing Model Concession Agreement (MCA) for highways?
Quite a few people have been attacking the MCA saying that provisions need to be changed. Now that the economy is not doing well, it is easy to blame the MCA for
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Panel suggestions to bring relief to hway developers
The C Rangarajan Committee is expected to suggest reduction and deferment of premium to be paid by road developers to National Highways Authority of India (NHAI). Hence, with the panel measures, several highway developers are set to get major relief. Rangarajan committee is likely to recommend that for six-laning of highway projects, at least 25 per cent reduction in annual premium payment to NHAI during construction period and about 50 per cent during subsequent years.