The Associated Chambers of Commerce and Industry of India (Assocham) has stated that Maharashtra has 21 road projects worth over Rs 4,800 crore under operation in public-private partnership (PPP) mode as of August.
Uttar Pradesh has over 15 road projects (33 per cent) worth over Rs 55,000 crore under construction and Karnataka has 53 road projects (49 per cent) worth over Rs 25,000 crore under bidding, the apex industry body added.
Tag: Road projects
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Maharashtra has most operational toll roads: Study
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UP has highest road projects worth Rs 55k cr: Assocham
As on August this year, Uttar Pradesh, with the highest share of over 33 per cent roads among states, has 15 road projects worth over Rs 55,000 crore under construction in the public-private partnership (PPP) model, says a study by trade body Assocham.
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Road sector’s slowdown hits construction equipment sales
Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.
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New h’way projects give fillip to construction industry
The road construction sector in India has picked up in 2012 after a slowdown in road projects last year. National Highway Authority of India (NHAI) has awarded about 4,375 kilometers of roads in the first nine months of 2012.
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Ramky to raise Rs 700 cr
Ramky Infrastructure is evaluating options for raising funds for its key build-operate-transfer (BOT) road projects. Though the quantum is yet to be determined, the company would
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6,500 km road contract awarded by NHAI during FY2011-12
8 Projects of 1144 kms were on bid on the 28th and 30th of March 2012. Seven projects got premium and in the remaining one case, the quoted amount was much lower than the expected bid. These bids gave a NPV saving of Rs 6451 Crores.
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3i looks for road projects
3i India Infrastructure Fund is looking for road projects to invest $1.2 billion that it raised for Indian infrastructure sector. Supreme Infrastructure BOT Holdings sold 49 per
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IRB Infra to seek compensation
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.
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Less bidders for NHAI projects
November saw some moderation in competitive bidding for the National Highways Authority of India's (NHAI) road projects. NHAI has awarded nine projects in two weeks where the number of bidders was relatively less as compared to last two-three quarters.
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Piramal, IDFC, SNC-Lavalin JV
Ashok Piramal Group, IDFC Project Equity Fund and Canada's SNC-Lavalin Group have entered into a joint venture agreement to develop road and highway projects in a public-private partnership across the country.