The Central Government is providing an exemption for experimental drone flights for vaccine delivery to enhance the scope of their usage in the country and assist the nation in its fight against the Covid-19 pandemic. The Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) have already granted a conditional exemption to...
Tag: MORTH
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Indian Highways: The Growth Story Unfolding
The highway sector has been the ignitor of PPP framework in India. The sector has received a significant support from the government and NHAI has played its role well through constant innovation.
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Opportunities galore, but targets ambitious
With an estimated average spend of upwards of Rs 1 trillion per annum (excluding land cost), the order book additions will remain healthy for both, large and mid-sized road contractors over the next four to five years.
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A Tidal Wave in the works!
As the stance of governance is hardening, institutions standing on weak or corroded legs, are stumbling and crumbling. After the case of corrosion of ethics in ICICI, the IL&FS too seems to have bloodied its nose by first becoming a messiah to MaytasInfra (the Satyam scam fall out) in 2009 and then several unrelated forays.
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ITNL to bid for projects worth Rs 40 billion
Following its parent IL&FS approving a Rs 80 billion recapitalisation plan for the company, road developer IL&FS Transportation Networks (ITNL) is planning to bid for projects worth Rs 40 billion.
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Ambitious Target
The initiatives that will have a direct bearing on the pace of execution include awarding projects after securing 80 per cent right of way, expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, filing online for clearances to construct road over bridges (ROBs) and road under bridges (RUBs) and increasing the limit on sand mining.
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We have awarded Rs.7.50 lakh crore projects in three years
We are planning to raise Rs 2.9 lakh crore from the equity market, Rs 1.06 lakh crore from private investments and Rs 2.19 lakh crore from Central Road Funds (CRF) or toll-operate-transfer (TOT) or toll road (BOT) projects.
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GovernmentÂ’s focus on road sector yields positive results: ICRA
Effective policy measures by the Government over the last 36 months have revived the Indian road sector and supporting the execution pace. According to ICRA, these include steps like awarding projects after securing 80 per cent right of way; expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, online filing for clearances to construct ROB and RUBs and increasing the limit on sand mining.
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Dilip Buildcon bags Rs 700-crore EPC orders from Transport Ministry
Highway developer Dilip Buildcon has said that it has bagged two EPC road projects worth about Rs 700 crore in Maharashtra from the Road Transport and Highways Ministry.
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In the HAM of a Dilemma
Just as with PPP projects, HAM contracts too are finding financial closure to be a challenge. Banks, especially, are wary of putting their money on developers with weak financials and lack of adequate experience. Industry insiders, however, beg to differ.