The ambitious Jammu-Srinagar Highway expansion project is yet to pick up desired pace as only 4 per cent work has been completed on the treacherous 79-km Udhampur-Banihal stretch in the last eight months.
Tag: Gammon India
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Finding the Right Road
The moot question is whether good intent has been accompanied by careful planning.
It was always going to be a difficult job. Roads development, battered and bruised by a heavy load of projects awarded in the recent past, remained stalled for various reasons ranging from land acquisition and bureaucratic red tape to a lack of accountability and transparency in the bidding process.
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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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Hitting the road
Investing in an infrastructure project isnĆĀ“t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in IndiaĆĀ“s own Silicon Valley, Bengaluru
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MbPT’s terminal project faces inordinate delay
Industry observers feel that Indira Container Terminal (ICTPL) may not be able to complete the proposed container terminal project at Mumbai Port Trust (MbPT) by December. It may be noted that the union shipping ministry set December 2013 as deadline for the project, which has been delayed by more than six years after the agre
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Infrascape 2013 | Positive changes in 2013
In the power sector, 2012 has been a very bad year with zero projects commenced. Unfortunately all the ingredients of the sector have gone wrong. Coal, environĆĀmental clearances and land became a huge problem for any power project. So whatever projects were on the anvil have also got delayed or shelved.
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EPC industry discusses labour, regulatory, technical and legal issues
Resource crunch including skilled and unskilled labour was identified as one of the biggest stumbling blocks before a potentially booming EPC industry. The 12th Five Year Plan offers Rs 17.08 lakh crore of construction opportunity. And even as interĆĀnationalisation knocks on India's doors,
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Four in race for Nargol port
Four leading corporate groups have remained in the race for developing Gujarat Maritime Board's (GMB) proposed greenfield port off Nargol village in South Gujarat.
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Karnataka shortlists 8 firms for IMTS project
The Karnataka state government has shortlisted eight firms for the Rs 1,300 crore Integrated Mass Transport System (IMTS) project proposed on a public-private partnership (PPP) model at Majestic in Bangalore.
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Mosmetrostroy, Gammon JV to build tunnels, stations
Chennai Metro Rail has decided to award the last big construction contract of tunnels and seven underground stations along Anna Salai, to a joint venture company of Gammon India and Mosmetrostroy of Moscow.
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