IRB Infrastructure Developers plans to claim a compensation of around Rs 60-70 crore from the National Highways Authority of India (NHAI) for terminating its contract for a Goa road project after the latter could not acquire land for it. Road projects have faced delays due to issues relating to land acquisition, environmental clearances and right of way but this is only the second instance in the last two years where a project has been cancelled due to NHAI's inability to acquire land.
Tag: NHAI
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GVK bags MP road project
Infrastructure major GVK Power & Infrastructure (GVK PIL) has recently been awarded the 332-km Shivpuri-Dewas mega road project in Madhya Pradesh by the National Highways Authority of India (NHAI).
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Govt to raise Rs 10K cr debt for highway projects
Through a public debt issue, India will soon raise Rs 10,000 crore ($1.9 billion) for funding its ambitious national highways project, Union Road Transport and Highways Minister CP Joshi said.
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There will be visible improvement in port connectivity in 3-4 years
In his interview with Sudheer Vathiyath and Shashidhar Nanjundaiah, K Mohandas, Secretary, Union Ministry of Shipping, highlights some of the initiatives from the government in port connectivity, including ro-ro services, inland waterways on PPP, and more.
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On the foothills of an uncertain year
One of the key challenges in infrastructure is facilitating the flow of projected but large amounts of capital into infrastructure. Current trends indicate that there might be a funding shortfall of over $300 billion,
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India's longest rail bridge
Mumbai-based AFCONS Infrastructure, which has been engaged in construction of road conÂnectivity in Kochi since 2001, has achieved the distinction of building India's longest rail bridge conÂnecting the island Vallarpadam with Idappalli in north Kochi.
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Vibrancy of infra sectors will continue: Montek
"Which is the most progressive state in infrastructure?" "Where are the problem areas?" "Is desalination feasible in states where power is a problem?" "What do you think will happen?"
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Red tape in connectivity setting business back
Developers of ports tell us how port connectivity has boosted business, while users say poor connectivity are limiting their plans.
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Income tax holiday: Eligibility for infra developers demystified
Infrastructure developers are eligible for a tax holiday for 10 years, and the government has permitted a looser interpretation for the benefit of infrastructure. Vishal Shah and Bijal Desai refer to relevant court and tribunal cases and explain the more nebulous of the tax holiday eligibility clauses.
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Infrascape 2012 | Highways: EPC will gain momentum next year
Highways have been largely on an upswing. We have awaÂrded-or set to award upon opening bids-4,500 km, and will be awarding a minimum of 3,000 km by the end of this fiscal. The industry has been gung ho about the sector,