Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.
Mumbai: Seventeen winners, 300 attendees, and for the first time, the CW Annual Awards went live and recorded an online viewership of over 3,500 from India and across the world. This was the 14th Construction World Annual Awards 2016, organised on October 21st at Hotel Four Seasons in Mumbai.
In the next five years, Tata Housing, Tata Realty and Tata Projects would implement projects worth at least Rs 70,000 crore, media reports indicate. In the coming years, various Tata Group companies would participate in sectors such as roads and highways, reports indicate. In 2013-14, these three firms are executing projects worth Rs 15,000-20,000 crore
Dedicated Freight Corridor Corporation has issued letter of intent for the Rs 3,300 crore contract to set up rail track between Bhaupur and Khurja in U.P. to a consortium of Tata Projects and Spanish firm Aldesa. The consortium is expected to begin physical work on the 343-km rail track project, which is funded by the World Bank, from March-April.The 343-km project was sliced into three subsets, and the bidders had been qualified to bid for one, two or all three.