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.
Category: Uncategorized
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Critical insurance covers for roads and highways
Each road project is unique in terms of the risks and challenges it encompasses and thus the approach towards each project including the risk management shall also have to be equally unique in order to effectively address the risks involved. Vikash Khandelwal discusses the various types of insurance that cover for roads and highway projects.
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NHPCs project cost may escalate to Rs.12,000 cr
Following delays, the total cost of NHPC´s Subansiri project in Assam is likely to be around Rs 12,000 crore, nearly double than envisaged initially. The original cost of the project was Rs 6,285 crore. NHPC is executing the 2,000-mw Subansiri hydel plant in Assam. Sources in NHPC said that local issues, contractual issues, geological surprises, delay in decision making and poor risk-taking assessment have impacted the progress on the Subansiri project.
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Big projects to miss deadlines
For the current financial year, the government will not meet its infrastructure investment target as hardly any progress made in five of the nine projects identified by the Planning Commission in consultation with the Prime Minister´s Office (PMO). In this background, the PMO has been suggested to review the infrastructure targets set in June based on the progress on each of the identified projects.
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Big projects to miss deadlines
For the current financial year, the government will not meet its infrastructure investment target as hardly any progress made in five of the nine projects identified by the Planning Commission in consultation with the Prime Minister´s Office (PMO). In this background, the PMO has been suggested to review the infrastructure targets set in June based on the progress on each of the identified projects.
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Mumbai coastal road
The 35 km Mumbai coastal road project worth Rs 8,000 crore is likely to be put on the fast track and work on the ambitious road project is expected to begin by December next year. The road will run from Nariman Point to Kandivli, and aimed at easing the traffic congestion in western Mumbai.
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GVK ties-up for Java airport project
To build a second airport in Yogyakarta of Java city in Indonesia, GVK Power & Infrastructure is joining hands with the Indonesia´s State-owned infrastructure firm PT Angkasa Pura I. Angkasa Pura will fund the project through loans or equity. GVK, the Indian infrastructure major and the first foreign firm allowed to own a stake in an Indonesian airport, will have a major share in the $700 million project.
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Noida’s NH-24 to get an underpass
To construct an underpass at the crossroads of the highway with Noida, tender process has been initiated by the Noida Authority. The Authority's move follows approval of budget estimates of Rs 113 crore for the proposed project from IIT-Delhi.
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Noida’s NH-24 to get an underpass
To construct an underpass at the crossroads of the highway with Noida, tender process has been initiated by the Noida Authority. The Authority's move follows approval of budget estimates of Rs 113 crore for the proposed project from IIT-Delhi.
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Road widened with retaining wall in Kohima
In Nagaland's capital Kohima, the much awaited project for widening of road and construction of retaining wall at mission compound, near Ura Academy Kohima village, taken up in the month of August 2013, has been completed in last September.