Experts feel that the objective of the public private partnership (PPP) policy of the government should be to share the project risks optimally, rather than transfer them wholesale to the private sector. Experts and policy makers are debating the fate of PPP projects in the country in the wake of some private contractors exiting key infrastructure contracts like metro rail, highway etc
Tag: Highway
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Cabinet takes steps to expedite highway projects
In a move that may expedite implementation of highway projects in the country, the union cabinet waived environmental approval for highway projects up to 100 km in length. The government so far waives green nod for highway construction up to 30 km. This has led to huge delay in the implementation of several projects. Following the relaxation of norms, at least 70 percent of projects to be awarded this year under the engi
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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Nod to two-laning of Uniara-Gulabpura NH in Rajasthan
For two-laning with paved shoulders (PS) of a key highway in Rajasthan, the Cabinet Committee on Economic Affairs has given its approval. The project is the two laning of the Uniara-Nainwa-Hindoli-Jahajpur-Shahpura-Gulabpura section of NH-148D in the state under the National Highways Development Project (NHDP) Phase IV, on engineering, procurement and construction (EPC) basis. The cost is estimated to be Rs 774.33 crore.
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World Bank sign $216 mn loan pact for Kerala projects
World Bank signed a $216 million loan agreement with the Government of India and the Government of Kerala for the second Kerala State Transport Project. The loan agreement was signed by Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank
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IL&FS arm signs pact for highway projects
In a communication to the stock exchange, IL&FS Transportation Networks said it signed Concession Agreements with the concerned authorities for the following projects: (i) Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh. (ii) Beawar Gomti section of NH 8 of 88 km of the total 116 km (capacity augmentation) in Rajasthan. (iii) Sikar Bikaner section of NH 11 of 237.57 km in the Rajasthan
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Panel to clear highway projects less than Rs 5 bn
Highway projects worth costing less than Rs 500 crore may be approved by the Standing Finance Committee chaired by the union road transport and highways secretary. A proposal to this effect was approved by the Cabinet Committee on Economic Affairs (CCEA) recently. A statement released by CCEA said the committee will clear all p
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ICCT Vallarpadam to get highway connectivity
It will take one more year to provide highway connectivity to International Container Transshipment Terminal (ICCT) Vallarpadam in Kochi, which is expected to give a major boost to the country's trade.
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Highway project in Mizoram
In Mizoram, a major road construction project that is financed by the World Bank is to be started soon.