National Highways Authority of India (NHAI) offered five of the six road projects awarded in April 2013, covering a total length of 339 km, under the engineering procurement construction or (EPC) mode. The authority awarded the remaining one project on the BOT-toll (build operate transfer) model, the predominant format under which projects were being offer
Tag: engineering
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The ultimate winner
With his dedication, strong work conviction and meticulous approach towards achieving his goal, Dr Santosh Sundararajan became the CEO of Vascon Engineers in November 2011. He has around 15 years of experience in the construction and engineering sector.
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Govt takes steps to accelerate award of road projects
The central government is reportedly taking steps to accelerate award of road projects under public private partnership (PPP) model. As part of this move, the union finance ministry plans to streamline the approval process for road projects, in line with the suggestion of the ministry of road transport and highways
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Govt takes steps to accelerate award of road projects
The central government is reportedly taking steps to accelerate award of road projects under public private partnership (PPP) model. As part of this move, the union finance ministry plans to streamline the approval process for road projects, in line with the suggestion of the ministry of road transport and highways
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Govt to adopt EPC model again for road projects
Reports indicate that the union government prefers to award road projects on engineering, procurement and construction (EPC) model because of poor interest shown by developers for PPP (BOT) model. It is learnt that the recent award of road projects witnessed a considerable decline in the number of bidders on the BOT toll basis
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Govt to adopt EPC model again for road projects
Reports indicate that the union government prefers to award road projects on engineering, procurement and construction (EPC) model because of poor interest shown by developers for PPP (BOT) model. It is learnt that the recent award of road projects witnessed a considerable decline in the number of bidders on the BOT toll basis
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Govt hopes to spend Rs 8,500 cr on roads via EPC mode
The Union Road Transport and Highways Ministry is likely to spend the unspent Rs 8,500 crore - raised by NHAI through tax-free bonds - if it gets clearances for award of projects through the engineering, procurement and construction (EPC) mode, the Ministry said on February 2.
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Experts urge oil firms to step up production
Experts and industry observers urge oil and gas companies to accelerate engineering and production activities in order to bridge the demand-supply gap in crude oil. The country depends on import for over 70 percent of its crude oil requirement and this puts huge pressure on India's import bill
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The bidding process is good for small, medium and large players
Banks’ new stipulation of 100 per cent land availability for highway projects, along with poor response from bidders and financial closure difficulties among concessionaires, have hampered the awards and implementation, says JN Singh, Member—Finance, NHAI, in an interview with Sumantra Das. Major reason behind this is the poor responses from the concessionaires and in some of our bids (about 7-8) we haven’t even find any bidder. Secondly, banks also are asking our 100 per cent land availability
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Aiming at larger business goals
A member of Institute of Chartered Accountants of India and an MBA from the Faculty of Management Studies, University of Delhi, Samir Ashta comes with over 26 years of rich experience in project finance, treasury, investment & risk analysis, accounting & taxation and policies & compliances. He has held several leader¡ship roles at large engineering, chemical and paint companies in India, including Escorts, ICI and Demag Cranes.