All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.
Tag: Karnataka
Post
Post
Procurement policies and practices: At what cost our projects?
With the best designing technology available, why do bridges still collapse and trains still crash in our country? How can our EPC developers and contractors guarantee the best quality material and equipment at best prices?
Post
New environment may curb mining, not illegal mining
The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the government’s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.
Post
Karnataka mining in limbo
In the state that produces more than 35 million tonne of iron ore every year, accounting for more about 25 percent of the nation’s output, mining and exports of iron ore from the state have come to a complete standstill National Minerals Development Corporation (NMDC)
Post
All we need is a monitoring body, not new laws or technology
Without an enforcement agency to constantly monitor the landscape, mines will continue to be exploited, NN Gautam, Advisor, ACB (India), and former Advisor to Union Ministry of Coal, tells Shashidhar Nanjundaiah.The term illegal means that there is either connÂivance or a laxity in enforcement. This is a governance issue a corruption issue.
Post
The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
Post
Karnataka maritime board
Karnataka Minister for Ports Krishna Palemar has said that the state government is planning to establish a maritime board for developing the sector.
Post
First pvt regional airports
Regional Airport-Holdings International (RAHI), a private airport developer, announced that it will invest around Rs 3,000 crore in over 15 aviation infrastructure and services projects across the country over the next five years.
Post
Punj Lloyd bags Rs 3.3 bn order
Punj Lloyd Group won an order worth Rs 330 crore for process facilities and utilities at an upcoming crude oil storage cavern in Mangalore, Karnataka.
Post
Infra-Landmarks: Few and far between
The past 12 months have not belonged to infrastructure flag-offs. As the economy turned south in 2008-09, not as many infra projects as targeted were awarded, especially those in road, rail, port and energy; in most cases, the targets themselves took a heavy beating.