NATIONAL HIGHWAY PROJECTS IN THE NORTH EASTERN REGION
April 8, 2008
Execution of
(Rs in crore)
|
State |
Amount of sanctions accorded during 2007-08 |
Amount of works listed for sanctions during 2008-09 |
|
Assam |
112.12 |
292.00 |
|
Manipur |
37.97 |
99.00 |
|
Meghalaya |
43.87 |
264.00 |
|
Mizoram |
21.95 |
119.50 |
|
Nagaland |
47.08 |
50.50 |
The expenditure incurred on development of National Highways in
Four lane Guwahati bypass was completed during 10th Plan. Karimganj, Nagaon, Daboka, Lanka, Lumding, Maibang, Udharband, Mahour, Baihata and Agartala bypasses are under construction and bypasses of Dibrugarh, Tinsukhiya, Makum, Dum Duma, Rupai, Digboi, Margreita, Ledo and North-Lakhimpur in Assam and Shillong, Jowai and Tura bypasses in Meghalaya and Dimapur and Kohima bypasses in Nagaland and Gangtok bypass in Sikkim are in Planning and Survey & Investigation stage.
Timeframe for works of double laning, 4-laning and construction of bypasses approved during 2007-08 is given below:
|
List of works for double laning, four laning and bypasses approved under Annual Plan during 2007-08 |
This information was given by the Minister of State for Shipping, Road Transport and Highways, Shri K.H. Muniyappa in a written reply in the Lok Sabha today.
Source: pib.nic.in
Hit the road: Infrastructure growth is revving up
February 29, 2008
The indian infrastructure story is just waiting to unfold. It is a foregone conclusion that the need for infrastructure to facilitate economic growth in India, both immediate and long-term , is ever more pressing. The growth rates witnessed in the Indian economy today are indicative of the change to follow —infrastructure has been expanding at an accelerated pace to support the economic growth rate of 9%. India’s infrastructure development has so far been predominantly financed publicly. The urgent need of the hour is an enhanced approach that would create a balance between public and private sector roles, complemented by transparent public policies. The Government has already taken many proactive measures such as opening up a number of infrastructure sectors to private players , permitting foreign direct investment (FDI) into various sectors, introducing model concession agreements and taking up projects such as the National Maritime Development Programme and National Highway Development Project, among others. The next four to five years will witness implementation of some key infrastructure projects such as additional power generation capacity of 70,000 MW; development of 16 million hectares through irrigation works; modernisation and redevelopment of four metro and 35 non-metro airports; six-laning 6,500 km of Golden Quadrilateral and selected National Highways. Focus will be on key infrastructure sectors of highways, ports, airports, railways and power. Having been part of the Indian infrastructure history, we at GVK have always believed that the key to developing a sustainable infrastructure in India is to build for the future. India will see an investment to the tune of $500 billion in infrastructure in the next five years. Coupled with government support, this investment will fructify in the form of key infrastructure projects to strengthen India’s cities. The next four years will bring a sea change in infrastructure and as a result, in another ten years, we will see the emergence of a new India. Source: http://economictimes.indiatimes.com
KAMAL NATH STRESSES ON IMPROVING ROAD CONNECTIVITY IN DMIC PROJECT
December 12, 2007
Shri Kamal Nath, Union Minister of Commerce and Industry, has called for improving the road connectivity of the four hubs / regions proposed to be developed in the Delhi-Mumbai Industrial Corridor (DMIC) Project. In his communication to the Chief Minister of Madhya Pradesh on 10th December 2007, Shri Kamal Nath has requested for initiating / undertaking the following action for improving the road connectivity of the four industrial regions (Pithampur-Dhar-Mhow; Neemuch-Nayagaon; Shajapur-Dewas and Ratlan-Nagda) under the DMIC Project:
i) The State Highway (SH-31) between Nagda (on National Highway-79) and Gujri (on National Highway-3) be four laned for providing the Pithampur-Dhar-Mhow Mega Industrial Region better connectivity with NH-79 and NH-59.
ii) Widening and strengthening of the Dewas-Ujjain-Badnawar stretch of State Highway (SH-18) to improve the connectivity of the Shajapur-Dewas Industrial Region to ensure improved linkage between National Highway-3 and National Highway-79, passing through Ratlam.
iii) Strengthening of State Highway-41 between Sarangapur-Akodia-Shujalpur-Ashta-Kannod for improving the road connectivity between National Highway-86 and National Highway-59A for serving both the Shajapur-Dewas Industrial Region as well as the Indore-Pithampur-Mhow belt.
iv) For converting the Jhabua-Thandla Road-Ratlam Road into a four laned State Highway to help the growth of the Ratlam-Nagda Mega Industrial Region.
v) To facilitate the growth of the Ratlam-Nagda region, Ratlam-Sailana road link for improvement/augmentation; and
vi) Jaora-Sailana-Banswara (Rajasthan) road be converted into a two / four lane State Highway.
Besides the above six road links, Shri Kamal Nath has suggested for improving the connectivity of Indore with Mumbai, the financial capital of the country. “I suggest that between Indore and Nashik, the road link be similarly converted into an expressway with the Government of Madhya Pradesh taking the responsibility of developing it between Indore and Shirpur on the Maharashtra-Madhya Pradesh border and for the remaining portion upto Nashik being so developed”, the letter says.
As regards National Highways, Shri Kamal Nath has written to the Minister for Shipping, Transport and Highways, Shri T.R. Baalu, explaining that the government has already accorded its in-principle approval to the development of the DMIC project, which passes through six states including Madhya Pradesh. Shri Kamal Nath has urged Shri Baalu to improve the transport connectivity in the above four industrial regions of Madhya Pradesh by four laning the Dewas-Sehore-Bhopal stretch of NH 86 extension and the road connecting Jaora on NH 79 with Maksi and passing through Mehidpur on SH 27 and Tararia being converted into an extension of the NH network.
Navayuga Engg bags Rs 710cr NHAI project
December 6, 2007
Hyderabad-based multi-disciplinary engineering and construction player, Navayuga Engineering Company, has bagged a Rs 710 crore project from the National Highway Authority of India (NHAI).
The contract envisages designing, construction, financing and maintenance of an access-controlled highway project between the Bangalore and Nelamangala section on NH-4 on a build-operate-transfer (BOT) basis in Karnataka.
Debt syndication of Rs 540 crore has been done by
Bhubaneswar-based SRB Consultancy Private Limited from a consortium of banks.
The six-lane highway project, total length of which is 19.5 kilometres with elevated highway for 4.5 kilometres, terminates at Nelamangala. The scope of the work also includes underpasses and service roads for the entire length on both sides of the highway.
According to a company press release, revenues generated from the proposed tolling will accrue to an SPV (special purpose vehicle) formed for implementing the project.
The concession period of the project is 20 years, including the construction period of two years. The project is expected to be completed by the end of 2009, it added.
Source: business-standard.com
Gayatri Projects achieves financial closure for 2 SPVs
December 5, 2007
Hyderabad-based leading infrastructure company, Gayatri Projects ltd, has achieved financial closure of Rs 932.71 crore ahead of the stipulated time for its two road projects, to be developed through special purpose vehicle (SPVs), at an interest rate of 11 %.
IL&FS has syndicated the entire debt and United Bank of India is the leader of the consortium of lenders for both the SPVs.
The projects undertaken by Gayatri Projects Ltd-led consortium are Hyderabad expressways pvt ltd (HEPL) and Cyberabad expressways pvt ltd (CEPL) with a project costs of Rs 430.96 crore and Rs 501.75 crore respectively.
While the total syndicated debt in case of HEPL is Rs 290.90 crore, it is Rs 376.31 crore for CEPL.
The infrastructure major-led consortium had won the bid for the HEPL and CEPL—the eight lane outer ring road projects— floated by Hyderabad Urban Development Authority (HUDA).
The construction period for both the HEPL & CEPL is 2 years and six months. HUDA will pay a semi-annual annuity of Rs 30.49 crore to HEPL during the annuity period of 12 years six months while the semi-annuity amount is pegged at Rs 39.50 crore in case of CEPL for the similar period.
Source: moneycontrol.com
Gayatri Projects SPVs achieve financial closure
December 4, 2007
Gayatri Projects Ltd has announced that the Company has achieved the financial closure for the Company’s following Hyderabad Outer Ring Road Projects (SPV’s) at an interest rate of 11% p.a., ahead of the stipulated time given by the Employer namely Hyderabad Urban Development Authority (HUDA).
Financial Closure of Hyderabad Expressways Pvt Ltd (HEPL) - Total cost of the Project Rs 430.96 crores: M/s. Hyderabad Expressways Pvt Ltd promoted in Consortium, by the Company as lead technical member, with 50% share holding, bid and won road project (AP-IV) for design, construction, development, finance, operate and maintain eight lane access controlled expressway under Phase II programme of outer ring road (ORR) of Hyderabad Urban Development Authority. The concession Agreement was signed on August 17, 2007. The total debt syndicated for this Project is Rs 290.90 crores.
IL&FS (IL&FS Financial Services Ltd) has syndicated entire debt and United Bank of India is the Leader of the Consortium of Lenders for the SPV.
Details of the package awarded are as follows: AP IV - from Bongulur to Tukkuguda from km. 108 to km. 121 on BOT - Annuity basis. Estimated Project Cost incl. IDC is around Rs 430.96 cr. and the project has a positive Grant of Rs 71.86 crores. HUDA will pay a semi-annual annuity of Rs 30.49 crore to HEPL during the Annuity period. The concession period door-to-door is 15 years, with. a construction period of 2 years 6 months and Annuity period of 12 years 6 Months.
Financial Closure of Cyberabad Expressways Pvt Ltd (CEPL) - Total cost of the Project Rs 501.75 crores: M/s. Cyberabad Expressways Pvt Ltd promoted in Consortium by the Company as lead technical member with 50% share holding, bid and won road project (APII) for design, construction, development, finance, operate and maintain eight lane access controlled expressway under Phase II programme of outer ring road (ORR) of Hyderabad Urban Development Authority.
IL&FS (IL&FS Financial Services Ltd) has syndicated entire debt and United Bank of India is the Leader of the Consortium of Lenders for the SPV.
Details of the package awarded are as follows: AP II - from Kollur to Patancheru from km. 12 to km. 23.70 on BOT - Annuity basis. Estimated Project Cost incl. IDC is Rs 501.75 crores and the project has a positive Grant of Rs 81 crores. Annuity - Rs 79 cr. p.a. HUDA will pay a semi-annual annuity of Rs 39.50 crore to CEPL during the Annuity period. The concession period door-to-door is 15 years, with a construction period of 2 years 6 months and Annuity period of 12 years 6 Months. The concession Agreement was signed on August 17, 2007. The total debt syndicated for this Project is Rs 376.31 crores
The Company is a pioneer in construction of National Highways, Dams, Canals, Aquaducts, Flyovers, Coal handling plants, Bridges, Railway Projects, Airport Runways, BOT Toll and Annuity Road Projects as develop and Industrial Constructions.
Source: equitybulls.com
Work on ECR project resumes
December 2, 2007
It was suspended due to heavy rain
Project expected to be completed by March 2009 Estimated cost: Rs.2,160 crore
PUDUKOTTAI: Work on the World Bank-funded East Coast Road (ECR) project, which remained suspended for about a month following sharp showers in the coastal parts of the district, resumed recently.
Being a coastal belt with estuaries, rivulets and the Vellar, the major river of the district, the work involves construction of culverts and minor bridges at several places in the 36-km-long stretch. Work on construction of a minor bridge or culvert has been undertaken every couple of km between Kattumavadi and Kottaipattinam, about 70 km from here.
Authorities of the Tamil Nadu Road Sector Project (TNSRP), which is executing the Rs.2,160-crore project of laying the 742-km road from Arcot to Tuticorin, suspended the work as a vast stretch of newly laid and levelled earth on the ECR stretch turned slushy at places such as Kottaipattinam, Kattumavadi and Manamelkudi. The overflowing water from the culverts brought all work to a grinding halt.
The project, which started in February 2004, is expected to be completed by March 2009. Of the total outlay of Rs.2,160 crore, a sum of Rs.1,148 crore will be utilised to upgrade the ECR, TNSRP sources told The Hindu. The upgrading work includes strengthening of the earth and ensuring technical stability of the area to suit the huge volume of heavy vehicles. With the receding of rain water, work resumed last week, the sources said.
The project is being executed through meticulous planning, covering a stretch of 387 km between Arcot and Tiruvarur and 355 km between Nagapattinam and Tuticorin.
Source: hindu.com
Kaushalya Infrastructure IPO oversubscribed
November 23, 2007
The IPO has so far received 6,11,97,500 bids, giving it a subscription of 7.20 times over the issue size of 85,00,000 equity shares
The Public Issue of Kaushalya Infrastructure Development Corporation Limited (KIDCO) has been oversubscribed as per the information available on the websites of the stock exchanges. The IPO has so far received 6,11,97,500 bids, giving it a subscription of 7.20 times over the issue size of 85,00,000 equity shares. KIDCO is a diversified infrastructure development company from eastern India, and is offering the shares at a price band of Rs. 50 to Rs 60 per share. The net issue to the public would constitute 40.93 per cent of the fully diluted post issue paid-up capital of the Company. The issue closes on 23rd November.
As a part of its expansion plans, KIDCO will mainly utilize funds for acquisition of land, land development rights & real estate development, investment in BOT/BOOT projects and joint ventures and for the purchase of capital equipments comprising construction & infrastructure equipments for execution of projects .
The infrastructure development operations of the Company are organized in three major business divisions viz. Kaushalya Nirmàn (Specializes in construction of roads, highways, bridges and industrial infrastructure), Kaushalya Gràm (Specializes in Electrification and Irrigation projects focused on development of rural India) and Kaushalya Parivàr (Specializes in Construction of Commercial & Residential Complexes). The key clients of the Company include various Government Undertakings, State Public Works Departments, as well as State and Central Public Sector Undertakings.
Says Prashant Mehra, managing director of KIDCO, “We are on the expansion mode and would be focusing more upon diversified sectors so as to leverage and expand the operations. After our successful journey in the Eastern part of the country, we are spreading our operations to other parts like the Central India.”
KIDCO aims to operate into diversified sectors such as townships, offices, houses and other buildings, urban infrastructure, highways, roads, power systems, irrigation, dams and agriculture systems, etc. which will mitigate business risk in case of slowdown in any one particular field in the future.
The proposed issue will be lead managed by SREI Capital Markets Limited and the Registrar to the issue will be Intime Spectrum Registry Limited.
Source: indiainfoline.com
MSK Projects expects Rs 455 mn from Jalandhar project
October 24, 2007
Baroda-based MSK Projects (Q, N,C,F)* (India), a significant player in BOT projects, completed the construction of the Jalandhar bus terminus that handles the interstate and intrastate, private and government passenger bus vehicles of Jalandhar.
The project is expected to add Rs 454.86 million to the gross revenue of the company over a period of 7 years. The BOT (build, operate, and transfer) project will earn revenue for the company in the form of terminus fees, lease rentals of shops, passenger amenities, advertisements and parking fees. The traffic at this terminus is on an average 3,000 buses per day increasing at an average rate of 3% per annum thus making the project an excellent one.
“We are glad to provide quality infrastructure to the once cramped bus terminal which will help organize the traffic and provide recreational facility to the travellers. Transport being a key source of increased trade and commerce, the revamp of the Jalandhar terminus will not only improve the state productivity but also check the leakage of revenue“ said Amit Khurana, executive director, MSK Projects (India).
The company is in the process of completing a water supply project for Dewas Industries in M.P. This is the first water supply project executed purely on a public - private partnership basis. MSK Projects is also on the verge of completing the construction of Ludhiana Bus Terminus.
MSK Projects (India) is a civil construction company executing infrastructure contracts such as building roads. The company entered the field of industrial construction and undertook works such as mass housing and township, multi-storied buildings, industrial projects for coal mines, fertilizer plants, petrochemicals, water retaining structures, and have also successfully executed them. It is well established today in the field on infrastructure development, particularly roads on build- operate & transfer (BOT) basis.
Shares of the company declined Rs 1.10, or 1.07%, to trade at Rs 101.5. The total volume of shares traded was 13,921 at the BSE. (2.16 p.m, Wednesday)
New hybrid model likely to fund highway projects
November 22, 2006
NEW DELHI, NOV 22: The Centre is likely to stop financing future highway projects on a build-operate-transfer (BOT) annuity basis because the entire traffic risk falls on National Highways Authority of India (NHAI) or the government that collects the toll.