The Comptroller and Auditor General of India (CAG) has pointed out cost over-run of more than Rs.1.07 lakh crore in 442 ongoing projects of Indian Railways.
Tag: Construction
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Govt undertaking measures to modernise ports
With the view to boost exports, the government is undertaking several measures to modernise ports.
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Hit by the HAMmer
The Hybrid Annuity Model (HAM) unveiled with great fanfare earlier this year was expected to set off the next wave of award of PPP highway projects. The intent and purpose of introducing HAM, as a hybrid of EPC and BOT (annuity) formats, was noble and deserves to be lauded: to moderate risks faced by highway developers and to provide financial support during construction.
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Hi-tech in infra
India has only recently begun to focus on the growth of its infrastructure. There is still a long way to go in adopting the latest and best technologies for their design, construction and management.
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In this regime, roads have taken a quantum leap
The government is taking only the EPC cost as the DPR cost. They are not adding other things like interest on annuity or the interest difference when we do the financing of the project.
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Gammon lenders to acquire 51% stake
Lenders led by ICICI Bank have decided to initiate a strategic debt restructuring (SDR) exercise at Gammon India, which will give them a 51 per cent stake in the construction and engineering company.
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Naveen Patnaik reviews Khurda-Balangir Railway project
Asking East Coast Railways to expedite submission of forest diversion proposal for construction of railway track from Balangir side by December end, Chief Minister Naveen Patnaik expressed satisfaction over the progress of the Khurda-Balangir Railway project.
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Revised cost estimate for Rail-cum-Road Bridge across river Ganga at Munger
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has given its approval for revised cost estimate amounting to Rs.2774 crore with Railway share as Rs.1247 crore and Ministry of Road Transport and Highways share as Rs.1527 crore for construction of Rail-cum-Road Bridge across River Ganga (14 kms) at Munger with a provision that the cost of land for road approaches may increase in future.
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Gurgaon identifies 16 dumping sites
The Municipal Corporation of Gurgaon (MCG) has identified 16 sites to dump construction and demolition waste in an attempt to check the rising pollution levels in the city. The dumping areas have been divided into four zones.
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AMRC urges state govt for Rs.500 cr
The Amaravati Metro Rail Corporation (AMRC) Managing Director Ramakrishna Reddy has urged the government to take immediate measures for release of funds to the tune of Rs.500 crore.