February 17, 2014
Intertraffic Amsterdam fast approaching!!
Intertraffic Amsterdam 2014 will take place from 25 – 28 March 2014 in Amsterdam RAI, and will extend over 10 halls filled to the brim with the latest innovations and technologies on ITS traffic management, parking, safety and infrastructure. With our central theme Smart Mobility we will introduce you to showcases focusing on urban accessibility and traffic flow, with a keen eye for liveability and the environment. Several total solution best practices will be brought to your attention and you will have the opportunity to network with your peers from around the globe.
For more details, please contact the following:Carola Jansen-Young Senior Marketing Communications Manager Intertraffic Worldwide Events Contact: Intertraffic@rai.nl
3rd Annual Conference Indian Roads & Highways Summit- 26-27June 2014, Crowne Plaza, Rohini- New Delhi
February 17, 2014
India has the second largest road network in the world estimated at 3.34 million kilometers. Traffic on roads is growing at a rate of 7 to 10% per annum while the vehicle population growth is of the order of 12% per annum.In order to give a boost to the economic development of the country, the Government had embarked upon a massive highways development programme in the country which has seen the number of projects grow significantly y-o-y and has opened up huge business opportunities. During the financial year 2012-14, about 10,088 kms. of the National Highways are to be improved along with construction/rehabilitation of 130 nos. of bridges and 7 nos. of bypasses at an estimated cost of Rs.22,600 crores.
In its 3rd edition, this conference will specifically focus on the growth of development of National Highways in India and will provide the best platform for discussing the growing business opportunities in the sector. The conference will see key industry experts discussing issues, challenges, potential and opportunities in the sectors and see participation of over 200 key delegates from the industry.
This conference is designed to specifically focus on the some of the key technical, financial, policy and environmental issues of roads and highway projects in the country. The event will see participation by India’s 200+ delegates & experts from across the globe.
Please Click Here for Event Brochure.
This is a comprehensive program with the best business opportunities and informational resource on the latest issues, opportunities and challenges. A must attend conference for top Roads and Highway Sector Professionals.
Join us as an Exhibitor: Book your Stalls and Showcase your Equipments , Cranes , trucks and much moreEarly Bird Discount till 6th June For Registrations, contact: Mr. Mayur mayur@constructionsphere.
January 31, 2014
From: Chander Arora
Subject: Absucive Offense From Toll Staff
Today when we are going from faridabad to gurgaon via Toll Plaza some of the staff of Toll are starting trying to do abusive acts & also tried to do riots with us. When we are trying to sort out the issue they are opposinf us and do much more. One of the member are trying to snatch the key of our car.
Please do the needful and kindly suspend the employee.
December 24, 2013
Alexander Korablinov, RIR
Indian officials ask Freight Forwarders’ Association of India to conduct a dry run to study the feasibility of using a road route between Iran and Azerbaijan, according a report on Mint.
India, which is exploring a free trade agreement with the Customs Union of Russia, Belarus and Kazakhstan, is pondering over using a road link between Iran and Azerbaijan, to get easier access the markets of Russia and former Soviet republics, Mint said on its website.on Monday. India’s commerce ministry has asked the Freight Forwarders’ Association of India (FFAI) to conduct a dry run to study the feasibility of using the road route between Rasht in Iran and Astara in Azerbaijan, the paper said.“We are trying to completely explore the route through a cost benefit analysis,” the paper cited an anonymous Indian commerce ministry official as saying. “The idea is to use the infrastructure as it is present today. The plan to build the rail is going on separately.” The official told the paper that FFAI would submit a report on the feasibility of the route by February or March.
For the last six months, India has been trying to persuade Iran to build the 165-kilometre missing rail link between Rasht and Astara, but no concrete agreement has been reached.
“It is very important to keep India economically engaged in the region because there is a lot of untapped potential,” Ram Upendra Das, a senior fellow at Research and Information System for Developing Countries told the paper. “Irrespective of our economic relationship with other countries, this would be a new region to expand our trade.”
The paper added that India faces a growing imbalance in its trade with Russia, with the latter maintaining a $2.2 billion trade surplus as for 2012. That figure is unlikely to come down in 2013, although it is widely believed that Russian exports to India have fallen this year.
December 23, 2013
Himansshu Bhatt,TNN |
The project has been envisaged as the vehicle population in the city, which is 22 lakh at present, is likely to double by 2020. Also, 20,000 vehicles come in and go out of the city daily. All these vehicles pass through the city roads to reach the National Highway from Kamrej to Kadodara.
The project will be undertaken on Build, Operate, Own and Transfer (BOOT) basis. There will be no financial burden either on the SMC or the state government. SMC and Surat Urban Development Authority(SUDA) will have to give only right of way to the contractor who builds the facility. He will collect toll from the passing vehicles to recover the cost of the project.
“We need a link way that facilitates people from all sides to go out and enter the city without any interruption. The express link way can help us on this count,” said Jatin Shah, city engineer, SMC.
This express link way would be linked to roads emerging from Rander, Athwa, Puna, Varachha and the Ring Road.
“We are looking at the link road as an extension to the Outer Ring Road,” said Manoj Das, municipal commissioner, Surat.
The road and building department of the state government is studying the feasibility of the project. SMC will make financial provision in its budget for the year 2014-15 only to initiate the process, sources said.
December 23, 2013
Policy on staggering premium obligations of developers soon
The focus of its attention is on 53 projects for developing 6,415 km of highways, awarded during the UPA’s second term. Most of them are stuck or financially stressed.
Developers secured these projects based on the premium they offered to pay the National Highways Authority of India (NHAI) for the right to design, build, operate and collect tolls.
They have not yet started any work on many of the projects, especially on the 31 projects awarded in 2011-12. Some developers – GMR, GVK, Ashoka Buildcon and KMC Constructions – have backed out from the projects by serving termination notices to the NHAI.
The next few days could, however, see a breakthrough as the Centre is set to finalise a policy for rescheduling the premium obligations of developers.
The Government has more or less firmed up a formula. It involves giving the developers the option to pay 25 per cent of their original premium outgo for the first three years and 50 per cent in the following years, subject to discharge of the entire postponed obligations three years before the concession period of 20-30 years ends, Highway Ministry sources told Business Line.
The developers will, however, have to pay interest on the premium payments postponed.
“Just as the premium obligation is fixed, this rate will also be fixed. We have tentatively decided a rate of 10.75 per cent,” a source said. The Government, to protect its financial interests, is also planning to prevent developers from paying any dividends before meeting their postponed premium obligations in full.
Any takers?The logic here is that developers should not use the project cash flows from the staggered premium commitments for rewarding promoters/shareholders, they added.
However, it is not clear whether this formula will help developers get started on their projects.
Developers most likely to make use of this option are the ones who are six-laning their existing four-lane projects, where construction and toll collection are already under way.
“Right now, we are borrowing at 11-11.25 per cent. If the discount (interest) rate is set lower, we will certainly use the option,” said Virendra D. Mhaiskar, CMD, IRB Infrastructure Developers.
IRB is executing the 114-km Chitradurg-Tumkur bypass and the 102-km Ahmedabad-Vadodara stretches, involving a combined premium outgo of Rs 450 crore in the first year with a 5 per cent annual escalation factor.
Another developer who could benefit is Reliance Infrastructure Ltd, which also has three projects already under construction with a total premium outgo of Rs 200 crore: Pune-Satara (140 km), Kandla-Mundra Port (71 km) and Hosur-Krishnagiri (60 km).
But the real problem would be in kick-starting projects where developers had quoted high premiums and are yet to begin work.
“At 10.75 per cent discount rate, I don’t see more than six projects making use of the proposed policy. The developers have already commenced work in these and are stuck. So, any deal reducing cash outgo in the initial years and keeping their debts from ballooning is probably welcome,” said M. Murali, Director-General, National Highways Builders Federation.
December 17, 2013
The Centre today approved upgradation of over 1,010 kms of rural road and 19 bridges in Haryana at a cost of over Rs 960 crore under the Pradahan Mantri Gramin Sadak Yojana (PMGSY).
Disclosing this, Haryana Chief Minister Bhupinder Singh Hoodathanked UPA Chairperson Sonia Gandhi and Prime Minister Manmohan Singh for approving Haryana government’s proposals.
The Chief Minister said the project of upgradation of roads would be completed within six to 18 months.
He said the Central government has appreciated that Haryana is ranked among those six states which have fully utilised funds allocated under PMGSY-I.
He claimed that even under PMGSY-II, Haryana would make optimum utilisation of funds.
Hooda said as many as 85 rural roads would be upgraded and 19 new bridges would be constructed under this scheme.
While sending the proposal to Central Government, views of all 10 elected MPs and 21 Zila Parishads of the state were considered by State Level Standing Committee under the Chairmanship of Chief Secretary.
The meeting of Empowered Committee of Union Ministry of Rural Development which held under its Secretary today approved these proposals of the state government, a Haryana government statement claimed.
December 13, 2013
December 3, 2013
LUCKNOW: Exactly a week after Congress vice-president Rahul Gandhi inaugurated key railway projects in Sonia Gandhi’s constituency, the party president added more than 50 road projects, bank branches, one FM station and a rail project between Rae Bareli and Akbarpur, to the district’s already burgeoning gifts kitty.
Gandhi, who landed at Fursatganj airport on Monday morning, laid the foundation stone for more than 50 road projects under the Centrally-funded Pradhan Mantri Gramin Sadak Yojana as part of the UPA-II’s rural road connectivity endeavour. Sonia also inaugurated a water treatment plant supplying potable water to 110 villages, FM Rainbow, available at a frequency of 102.8 mhz, to inform and entertain people, and 13 new branches of United Bank of India in Harchandpur block.
Though the bounty, worth several crores also includes the Rae Bareli-Maharajganj-Akbarganj railway line, connecting Rae Bareli to Faizabad through the shortest railway route, the Congress did not seem to have deemed it fit to invite Faizabad MP and UPCC chief Nirmal Khatri.
During the day-long visit, Gandhi did not address a public meeting; she did, however, interact with people of the constituency at some places. A day before her arrival, farmers blocked the Lalganj-Unnao railway track and demanded jobs for their family members at the Rail Coach factory in Lalganj, as promised by Sonia during her earlier visits. The jobs, were to be in exchange of land for the factory, dubbed as Sonia’s dream project.
The farmers claimed that of about 1,340 families, who gave their land for the project, no job has been given to 128 families. Similar protests have been staged before Sonia’s previous visits to the constituency too. Back then, officials of the railway ministry and representatives from Sonia’s office met and took their applications. No discussions in this regard, though, were held on Monday.
November 29, 2013
NEW DELHI: The expert panel appointed by the Cabinet to examine bailout demands of highway developers has called for a traffic survey on 47 highways to ascertain the veracity of developers’ claims of financial stress due to lower toll revenues.
The group led by C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, has asked the National Highways Authority of India (NHAI) to check variations in traffic trends from the estimates forecast at the time of bidding for the highway development projects as a precursor to considering a bailout.
The panel was set up earlier this month after the government had in October suggested a body headed by Rangarajan to decide the structure of the premium rescheduling policy whose final decision would be implemented by the highways ministry after Finance Minister P Chidambaram’s approval.
Officials said concessionaires had argued that a decline in traffic along highways had put them under stress because of which construction and debt servicing were proving difficult. The committee and the highways ministry now wants to check whether traffic has declined and if this could lead to any stress.
“The NHAI is surveying the traffic across 47 highway stretches. The data collected will then be sent to a consultant which will study past and present traffic data to analyse the trends and its findings will be sent to the highways ministry. Based on this, the committee is likely to make a decision on what parameters could be used to determine stress,” an official said.
There was some confusion over the stretches to be included, an official said, explaining the delay in the survey even as the request came in early this month. Since 2012-13, the highways ministry and NHAI have been struggling to find takers for multiple public-private partnership (PPP) projects. The government could award only 1,116-km last fiscal against the target of 9,500 km and only one PPP project has been awarded this year.
The highways ministry, which has put its plans for awarding PPP projects this year on hold till the market scenario improves, expects to kick-start several stalled projects with its premium restructuring proposal.