The Union government would be able to give contracts for more than 6,000 km this fiscal on getting certain procedural approvals, said the Union Road Transport and Highways Minister CP Joshi on January 28. Under the EPC model (engineering, procurement and construction), the government spends the entire money required to build roads which would be instrumental in attracting builders who are at present shying away from highways projects for want of funds, he said.
Tag: contracts
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Port to decide on bid for cargo berth contract
The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India)
to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with RussiaĆās Corporation Tran
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MBL Infra takes up road works in MP, Rajasthan
MBL Infrastructures has taken up contracts for stretches of Seoni-Katangi road in Madhya Pradesh and Bikaner-Suratgarh in Rajasthan. Toll collection has already begun on the Seoni stretch, though the project completion will take another 18 months.
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Panel upholds CAG’s right to audit blocks
The Rangarajan Committee on oil and gas sector opined that it was the prerogative of the Comptroller and Auditor General of India (CAG) to audit expenses incurred by block operators. The panel, which submitted its report to the union government recently, suggested that the blocks with low value can be audited by panel of auditors formed by CAG and f
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Panel suggests production-linked deals
In order to overcome problems associated with the cost-recovery contracts in oil and gas exploration sector, a high level panel recommended the government to adopt production-linked contracts wherein companies would be chosen based on the amount of output they are willing to share with the government. The committee, under the PM's Economic Advisory Council ( PMEAC) Chairman C Rangarajan, proposed a mod
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