The Chennai Outer Ring Road Phase II project, costing Rs 985.44 crore, has been bagged by a consortium of Ashoka Buildcon and GVR Infra Projects. The Tamil Nadu government had earmarked Rs 1,075 crore for the project, which will decongest Chennai roads. The 62-km ORR project links the peripheral areas of the city from Vandalur in the south, about 25 km from Chennai on NH 45, to Minjur to the north of Chennai.
Tag: Ashoka Buildcon
Post
Post
Chennai outer ring road to be built at Rs 985 cr
For the road development project of Chennai Outer Ring Road Phase II, Ashoka Buildcon company along with GVR Infra Projects has formed a consortium of 50:50 per cent and submitted a bid to the Tamil Nadu Road Development Company (TNRDC). The Ring Road Phase II is to be constructed from Nemilicheri on NH 205 to Minjur on Thiruvottiyur-Ponneri-Panchetti (TPP) Road on design, build, finance, operate and transfer (DBFOT) annuity basis.
Post
Crucial river bridge on NH-6 near Kolkata completed
A crucial river-bridge on NH-6 near Kolaghat, approximately 70 km from Kolkata, was completed on April 1. Developed by the Mumbai-based Ashoka Buildcon, the 1.2-km bridge over Roopnarayan River was a Golden Quadrilateral project undertaken by National Highways Authority of India in 2001.
Post
Coordinated efforts among government, developers needed
Lack of coordination between the various government agencies that are involved in the road/highway construction business and improper policy initiatives hamper the prospects of roads sector, experts feel. Private funding of infrastructure has become a mainstay of the Government of IndiaÂ’s policy towards infrastructure deveÂlopment.
Post
Macquarie SBI invests in Ashoka
Macquarie SBI Infrastructure Fund (MSIF) has completed an investment of $150 million in Ashoka Concessions (ACL), along with a co-investor, the SBI Macquarie Infrastructure Trust (SMIT).
Post
More premium bids for NHAI
All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.
Post
Vox Pop: Procurement is now sophisticated, international
Procurement practices are constantly being redefined, yet understanding of technology and competition is still young, say experts.About 60 percent of an Engineering, Procurement, Construction (EPC) project cost goes to procurement. Have you seen an evolution from procurement to supply chain management?
Post
Reasonably bid projects have an easier funding chance
Satish Mandhana, Managing Partner, IDFC Private Equity, reminds us of some basics of how finance companies evaluate NVGF projects, and denies that they are looked at any differently from VGF projects.