Sunil Hitech Engineers has been awarded an order worth Rs 434 crore in Arunachal Pradesh for National Highways & Infrastructure Development Corporation Limited, on an engineering, procurement & construction (EPC) of road project.
Nitin Gadkari who assumed charge as the Minister for Road Transport & Highways and Shipping, is against the idea of a regulator for roads. He said the focus would be on hastening road projects stuck for long. The roads and highways ministry will also work towards finalising a toll policy.
The Odisha government has entrusted a road project, estimated to cost at Rs 1,293 crore, to L&T Infrastructure Development Projects (L&T IDPL). The contract is awarded on a build-operate-transfer basis. L&T IDPL has sought a grant of Rs 465.30 crore for four-laning of the 161.73 km Sambalpur-Rourkela section of the State highway.
In Himachal Pradesh, a road project, which was earlier awarded to a Chinese firm Longjian Road and Bridge Company, has been re-allotted to another company. The road project has been funded by the World Bank, officials concerned said in Shimla on September 30. The project is likely to be completed in two years.
Asian Development Bank (ADB) has sanctioned Rs 1,800 crore for development of roads and bridges in Manipur. The proposal for development of six roads has been sent to ADB. Some of these road project include 110-km long Imphal-Moreh Road on NH-2; 85-km long road from Imphal to Wangjing, Heirok and Khudengthabi; 34-km long ring road in Greater Imphal and road from Imphal to Kangchup.
KNR Construction's subsidiary KNR Walayar has achieved financial closure of road project in Kerala, through public private partnership (PPP) on design, built, finance, operate and transfer toll basis. It has signed the financing documents with Central Bank of India, Bank of India, Corporation Bank, Canara Bank and Vijaya bank.