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HCC arm bags 3 NHAI orders

HCC Infrastructure, a 100 per cent subsidiary of Hindustan Construction Company (HCC) has bagged three projects by National Highways Authority of India (NHAI) to develop three contiguous sections of nearly 256 km in length between Bahrampore and Dalkhola on NH-34 in West Bengal on a BOT (Toll) basis.

The special purpose companies, which will be implementing these projects under HCC, will get a capital grant of Rs 1,033 crore during the construction period, according to HCC’s official spokesman. In the wake of these contracts HCC’s order book position has move up by nearly Rs 2,860 crore, he said.

The first BOT contract entails the development of the existing two lanes to four lanes in the Baharampore and Farraka section of NH-34 (103 km) on a design, built, finance, operate and transfer (DBFOT) basis. The second BOT contract includes the development of the existing two lanes to four lanes on the Farraka and Raiganj section of NH-34 (103 km) on a DBFOT basis.

The third BOT contract involves the development of the existing two lanes to four lanes on the Raiganj and Dalkhola section of NH-34 (50 km), also on a DBFOT basis. The HCC spokesman said that the little over one year old HCC Infrastructure has also crossed the Rs 5,000 crore mark in terms of assets under management (AUM), following these orders. HCC Infrastructure’s portfolio now stands at Rs 5,500 crore with 6 BOT road projects.

Source: mydigitalfc.com

IVRCL Infra bullish on BOT road projects

IVRCL Infrastructure and Projects Ltd said it has received a Rs 1,550 crore BOT (Built Operate Transfer) road project in Madhya Pradesh from the National Highways Authority of India (NHAI). The concession will be for 25 years and the project will be completed in 30 months.

“The 155-km long road project will be executed by a special purpose vehicle owned by IVR Prime. The road construction will be taken up by IVRCL Infra,” said Mr E. Sudhir Reddy, the chairman of IVRCL Group.

“With this, IVR Prime has BOT projects — confirmed and lowest bidder — worth Rs 10,000 crore,” he said adding that the company expects to win six BOT projects by this year end.

The project, which is a part of National Highway 59, involves design, engineering, construction, development, finance, operation and maintenance of the road that runs between Indore and Ahmedabad.

Mr Reddy said that the debt-equity of 5:1 would be used to fund the project. “The equity component will be raised through internal accruals and raising debt will not be difficult for us,” Mr Reddy said.

Following the road transport and highways minister, Mr Kamal Nath’s target to build 20 km road every day by April 2010, the NHAI has put the process of awarding contracts on the fast track. “We are currently doing 9 km a day and would be in a position to scale up to 20 km a day by April-May 2010,” Mr Nath had said recently.

Recently, the government had approved road projects worth Rs 6,152 crore in five states for upgrading nearly 562 km of four-lane highways into six lanes.

Mr Nath had also coined the idea of issuing infrastructure bonds to raise money from non-resident Indians on the lines of the Resurgent India Bonds issued in 1998 and the India Millennium Bonds issued in 2000.

Reliance Infra bags Rs 590crore Jaipur project

New Delhi: Reliance Infrastructure, the Anil Dhirubhai Ambani Group (ADAG) company, has won the Rs 590 crore Jaipur-Reengus highway project in Rajasthan from the National Highways Authority of India (NHAI).

The project is expected to be completed by 2011.

The company is currently implementing road projects worth Rs 4,500 crore and aims to increase its road portfolio more than four-fold to over Rs 20,000 crore by 2012.

Reliance Infra bagged the Rajasthan project on the basis of the lowest quote for grant at Rs 103 crore. The upgrade work of the 53 kilometre stretch will be implemented on a build operate and transfer (BOT) basis for a concession period of 18 years, including the construction period. After completion of the project, the company will earn toll through the remaining period before handing over the project to NHAI.

“Jaipur-Reengus contract is the seventh road project won by Reliance Infrastructure. With this, the company would be committing more than Rs 4,500 crore for the road sector. We are planning to increase the total road project portfolio over Rs 20,000 crore by 2012-13,” Lalit Jalan, CEO, Reliance Infrastructure, said in a statement.

The deal is likely to be signed in a month and the construction will begin soon thereafter. The group has a market capitalisation of around Rs 1,50,000 crore, and net worth of over Rs 64,000 crore. Also, the operating cash with the group is to the tune of Rs 13,000 crore.

The company’s two Tamil Nadu projects became operational last week. The projects, Namakkal-Karur and Dindigul-Samynalore, are worth Rs 763 crore and span 96 kilometres.All the remaining road projects are expected to be operational by March 2011.

Also, Reliance Infra is bullish on the infrastructure growth in the country.”Infrastructure will be a major source of revenue for us and we will bid for most of the projects being planned in the country,” Jalan said.

It is undergoing the tendering process in projects worth around Rs 50,000 crore. The company has achieved financial closure for the Rs 2,356 crore first phase of Mumbai Metro project and has also bagged the Rs 11,000 crore second phase of the project to develop a 32 kilometre stretch for a concession period of 35 years.

Source: dnaindia.com

Nath promises overhaul of road & highway sector

In what could be seen as strong indications of an overhaul in the working of road transport and highway sector, new minister Kamal Nath on Friday made it clear that he would go for wholesome changes in the ministry to put road construction back in top gear.

After taking charge of the ministry, Nath said his focus would be on implementation of projects on the ground rather than making big plans — a clear indication that the sector will get a major boost.

“Sadkon ko napi jaati hai, plans ko nahin (roads are measured and not the plans). Lot of thought has been given to planning in the past two years. Now we have to deliver. Performance is evaluated on the basis of kilometres of roads that are built. Now our agenda is of change. The system has to be overhauled so that work on the ground happens. Planning has to be delivered on roads,” he told reporters.

Nath, who was shifted from commerce and industry to road transport and highways, said he was “excited” about his new portfolio. He said he was looking forward to a challenge and he had got one.

On highway projects under public private partnership (PPP) model finding lukewarm response from private developers, the minister said, “Models which are not working have to be done away with and we need to adopt models which can attract investors. Moreover, just awarding the work is not just enough. We have to ensure progress is made on the ground.”

Spelling out his approach to bring the key infrastructure sector back on track, the minister said he was looking at structural changes in the system and procedures to make it result oriented. “Some of the old regulatory frameworks relating to transportation like multiple permit and Motor Vehicles Act have to be looked at from new perspectives. Old laws have to be amended,” he said.

Ministers of state Mahadev Khandela and R P N Singh also assumed charge on Friday.

Source: timesofindia.indiatimes.com

Nath promises action on roads

Once the high-profile commerce minister making India’s voice heard at global trade fora, Kamal Nath is now tasked with putting the country’s teetering highway projects on track. The surface transport ministry had drawn criticism for slippage in project implementation and delay in awarding contracts , but the new minister says actions will speak for themselves . Excerpts from an interview:

What will be the key focus areas of the new government?

In the past, there has been enough planning. Now thoughts have to be transformed into action. We have to ensure that the system and platforms are workable. Performance has to be measured not in terms of plans, but actual work. Things have to be looked at in a new way. In a few weeks, a new model will be found so that India can build the highest number of road kilometres. We have to see that all the outlays are utilised. A successful plan is that which is converted into action.

There have been talks of roads as a stimulus to the economy…

The greater the outlay on construction of roads, the greater the impetus to the economy. If you look at the development of countries like China, Japan and those in Europe, it is all based on their roads and other major infrastructure. There could be better airports but without good roads it doesn’t help much. Along with highways, rural roads too have to be given proper attention.

Earlier, there were delays on the part of the government… but a big hurdle was the paucity of cash owing to the impacts of the financial slowdown, which too delayed project implementation…

We will meet all the states in a month’s time to remove the bottlenecks . Some old regulatory frameworks on transportation such as multiple permit and others have to be reviewed . We are looking at new models . We will look at new ways of capital inflow.

Source: economictimes.com

Kapsch TrafficCom delivers 30,000 transponder units for the Eazy Pass electronic toll system in Ireland

Kapsch TrafficCom AG has secured an order for the first Eazy Pass electronic toll system in Dublin. The company has satisfied the particularly demanding criteria of Eazy Pass and is to supply 30,000 transponder units (or tags for short) to Ireland. Eazy Pass will be used on the new M50 toll route in Dublin. The system will also allow barrier-free driving throughout Ireland. Eazy Pass enables electronic payment at all Irish toll stations, without the need to stop.

The latest order for Kapsch TrafficCom comes from Ireland. The Kapsch TrafficCom subsidiary Kapsch TrafficCom Ltd. is to supply 30,000 transponder units to Dublin. These will be used in the first electronic toll system Eazy Pass on the new M50 toll route in Dublin. Eazy Pass is now also accepted on the N4/N6 Kilcock-Kinnegad, N8 Fermoy Bypass, Dublin Port Tunnel, East-Link and M1 Dundalk Western Bypass. Within the scope of this order, Kapsch will supply transponder units for passenger cars and tags for goods vehicles.

“We have worked with Kapsch TrafficCom since we pioneered electronic tolling in Ireland. Kapsch is our principle technology supplier and a real key partner. We are therefore very pleased that Kapsch TrafficCom has been able to meet our requirements in order to support us in what is a particularly important step towards the expansion of electronic tolling in Ireland,” explains Dermot MacEvilly, CEO of Eazy Pass.

Vienna, 12th September 2008

For further information:
Brigitte Herdlicka
Public Relations & Sponsoring
Kapsch Group
Phone: +43 (0) 50 811 1705
A-1120 Vienna, Wagenseilgasse 1
E-mail: brigitte.herdlicka@kapsch.net
www.kapschtraffic.com
www.kapsch.net

Kapsch TrafficCom delivers Toll Systems for Urban Motorways in Bangkok

Kapsch TrafficCom impresses yet again with a new project in Asia: The company is constructing modern toll systems for three of the largest motorways in Bangkok. Kapsch TrafficCom Sweden will be working with two Thai companies under the joint venture FKS. The order for more than 55 kilometres of motorway in total will be completed in August 2009. Its worth is estimated at 8.5 million euros.

As from autumn 2009, visitors to Bangkok will be escorted on their journey into the centre of the city by Austrian toll equipment. For Kapsch TrafficCom was able to notch up an order recently to fit out three large motorways in Bangkok. More specifically, the company will install the system by order of the Expressway & Rapid Transit Authority of Thailand (EXAT), in cooperation with the two Thai companies Fatima Group and Smart Traffic Co Ltd – as FKS Joint Venture. The Chalerm Maha Nakhon Expressway (consisting of three sections with a total length of 27.1 kilometres), the Chalong Rat Expressway (six-lane with a length of 18.7 km) and the Ramindra Outer Ring Project (with a total length of 9.5 kilometres) are set to be equipped with toll systems.

“Kapsch TrafficCom has repeatedly been successful in Asia. By replacing the 8-year old equipment and upgrading the electronic toll system, the flow of traffic on these three motorways will be sped up and traffic jams will to a large extent be avoided. This was possible primarily because of the extensive expertise of our employees and due to our many years of experience on the Asian market”, declares Erwin Toplak, Member of the Board, Kapsch TrafficCom AG.

The contract to set up the largest electronic toll system to date and a central system for registering and guiding traffic comprises altogether 80 lanes. The new infrastructure will include 100,000 CEN DSRC compatible transponders, 100,000 non-contact smart cards and other equipment (i.a. server equipment, a network and a CCTV video camera system). The system will be completed in autumn 2009 and comprises an order volume of approximately 8.5 million euros.

Kapsch TrafficCom is an international supplier of innovative road traffic telematics solutions. Its principle business is the development and supply of electronic toll collection (ETC) systems, in particular for the multi-lane free-flow (MLFF) of the traffic, and the technical and commercial operation of such systems. Kapsch TrafficCom also supplies traffic management systems, with a focus on road safety and traffic control, and electronic access systems and parking management. With more than 140 reference projects in 30 countries in Europe, Australia, Latin America, in the Asian/Pacific region and in South Africa, and with almost 12 million on-board units (OBUs) and nearly 11,000 equipped lanes, Kapsch TrafficCom has positioned itself among the leading suppliers of ETC systems worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 20 countries.

For further information:
Brigitte Herdlicka
Public Relations & Sponsoring
Kapsch Group
Phone: +43 (0) 50 811 1705
A-1120 Vienna, Wagenseilgasse 1
E-mail: brigitte.herdlicka@kapsch.net
www.kapschtraffic.com
www.kapsch.net

LANCO bags two toll road projects in Karnataka

LANCO Kondapalli Power Pvt Ltd, a subsidiary of LANCO Infratech Ltd, has bagged the contract for construction and operation of two road projects in Karnataka on Build, Operate and Transfer (BOT) basis under the National Highways Development Project (NHDP) Phase III.

The company has formed two Special Purpose Vehicles (SPVs) – LANCO Hoskote Highways Pvt Ltd and LANCO Devihalli Highways Pvt Ltd for undertaking the projects. The concession agreements for the projects have been signed with the National Highways Authority Ltd. The two road projects are the 81 km Bangalore-Hoskote-Mudbagal stretch on National Highway 4 and 82 km Neelamangla – Devihalli stretch on National Highway 48. The project involves six laning of 16 km stretch and four laning of the remaining stretches. The total project cost is estimated at Rs 1,006 crore. The concession periods are 20 and 25 years for the two projects respectively, including 30 months of construction period. The contracts have been awarded through a competitive bidding process.

LANCO Group is one of the fastest growing corporate entities in India. LANCO has more than two decades of experience operating in the core sectors of Power Generation, Power Trading, Realty, Engineering and Construction, Information Technology and Manufacturing. At present, the power portfolio includes an operating capacity of 518 MW and additional capacities under construction aggregating to more than 3,200 MW.  The Construction and EPC division of the company is executing various orders worth more than Rs 7,500 crore.  LANCO is also developing LANCO Hills, one of the largest integrated township properties in Hyderabad, which will have a developed area of more than 30 million square feet and one of the tallest residential towers in the world.  The development of the property is estimated to cost Rs 5,500 crore.

Source: moneycontrol.com

Gammon India Ltd sees FY09 topline at Rs 3K cr

Gammon India has declared its results for the quarter ended June 2008 (Q1). The company’s standalone net sales were at Rs 585.24 crore versus Rs 540.31 crore.

Parvez Umrigar , MD, Gammon Infrastructure Projects said that Gammon India Limited, the contracting arm of the company will book a topline turnover of Rs 3,000 crore for the current year. He added that Gammon Infrastructure, the development arm is more of a value based play and they have capital investment plans of around Rs 7,500 crore scattered over the next few years.

Excerpts from CNBC-TV18’s exclusive interview with Parvez Umrigar:

Q: Numbers look good, Operating profits margins stood at about 71%, the key concern right now is whether are not incremental orders are expected to slow down and more importantly for the current order book that you enjoy at Rs 9,500 crore is there an issue on execution?

A: The privatization space across the sectors continues to keep pace and infact the government has given us a choice that would like to promote more on a privatization model.

We have had some slow down in the road sector because the implementation under NHI new model agreement have had some issues raised by some developers and that once in a while you do change a model agreement so those things arise but otherwise if you see the action in BOT (Build, Operate, Transfer) space for example the government just announced the qualifications of Ennore.

Q: So out of the Rs 9,500 crore of order book, how much execution will be possible in this year and the incremental orders that are coming in, what is the average size that you are looking to bid right now?

A: Gammon India Limited, the contracting arm will book a topline turnover of Rs 3,000 crore for the current year. Gammon Infrastructure, the development arm is more of a value based play and they have capital investment plans of around Rs 7,500 crore scattered over the next few years.

Q: We understand you have 14 projects underway, what is the kind of outlay for these projects?

A: The 14 Special Purpose Vehicles (SPV) companies that we have has an overall capital outlay of Rs 7,000 crore which would involve an equity investment of Gammon itself of around Rs 500 crore.

Q: What is the overall target for FY09 for Gammon Infrastructure at this point in time and what are the kinds of projects you are bidding for right now?

A: Gammon Infrastructure for the current year we expect to grow our current 14 SPVs by at least four more, there two SPVs where we are lowest in the bid and we await the letter of intent (LOI) ending which we can make the official announcement. The topline for the current year on a turnover basis will be around Rs 250 crore.

Source: moneycontrol.com

HCC joint venture bags Rs639-crore Andhra irrigation project contract new

Mumbai: Hindustan Construction Company (HCC) jointly with SEW Infrastructures Ltd and Megha Engineering & Infrastructures Ltd (MEIL) has bagged a Rs639-crore contract for building a barrage of around 3.5 km on river Pranahita near Tummidi Hetti village in Adilabad district of Andhra Pradesh.

HCC will have a share of Rs326.03 crore in the work being undertaken for the Pranahitha-Chevella Package-3 being undertaken by the Irrigation & Command Area Development (ICAD) department of the government of Andhra Pradesh.

The contract covers detailed investigation, preparation of designs, drawings and construction of a barrage including fixing of gates, head regulator and 500 meter long gravity canals. The project will be completed in 48 months.

The project is a part of the government’s ‘Jalayagnam’ programme, an initiative to provide immediate irrigation benefits to all underdeveloped regions of Andhra Pradesh.

Pranahitha-Chevella lift irrigation scheme will irrigate an ayacut of 12.20 lakh acres and provide drinking water to about 1,000 villages in Adilabad, Karimnagar, Nizamabad, Medak, Nalgonda and Rangareddy districts in Telangana region.

HCC is currently involved in construction of Godavari lift irrigation phase I and Phase II in Andhra Pradesh where Phase I has already been commissioned and phase II is in advanced stages of completion. In addition, HCC is currently executing four major projects in Andhra Pradesh, including the country’s first cavern for strategic storage of crude oil at Visakhapatnam, the Veligonda lift irrigation project, the Rajiv Sagar lift irrigation project and a 30 km highway of NHAI on NH-7 under north-south corridor on BOT basis.

HCC constructed the first bridge over the river Godavari at Shahgar, in Andhra Pradesh way back in the 1930s. Since then it has built several infrastructure projects, including the Godavari Barrage at Rajahmundry, the Papavinasam Dam, the Vizag Monolith & West Wall Protection and the Railway Bridge over Godavari which is the first and only bow-string bridge in India, the company said in a release.

HCC has so far constructed over 45 dams, barrages and 15 powerhouses in the sub continent, contributing to over 30 per cent of the country’s installed hydropower capacity.

Source: domain-b.com

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