‘Don’t allow highway developers to exit before project completion’

November 25, 2013

 OUR BUREAU| NEW DELHI 

 

IIFCL opposed to the NHAI and Road Ministry stance that the exit norms for highway developers should be relaxed.

 

Highway developers should not be allowed to exit from projects till the highway stretches are constructed, a senior India Infrastructure Finance Corporation Ltd (IIFCL) official said.

This stance of IIFCL’s, which has disbursed around Rs 9,300 crore for road projects, is important in the backdrop of the Highway Ministry taking a re-look at the exit clause for highway projects.

IIFCL has sanctioned (net) about Rs 18,000 crore for road projects. It is the largest loan segment for the infrastructure financier. “Do not allow a developer to exit till construction has been done,” Sanjeev Ghai, Chief General Manager, IIFCL said, speaking at a traffic technology conference.

PROPOSAL ON TABLE

The Highway Ministry is reviewing a proposal to allow developers to sell their stake and exit from projects before they are permitted to underthe terms of the contract with the National Highways Authority of India.

At present, there are different rules regarding exit of road developers from their projects, depending on the year in which they had bagged the project. If the project was bagged after 2009, the exit norms are easier. But, for projects awarded before 2009, the norms are tighter and do not allow developers to sell stake before some years of operation.

The NHAI and Road Ministry had earlier taken a stance that the exit norms for highway developers should be relaxed. But, the Cabinet approved a proposal which allowed for lender substitution, something that has not taken off.

This is because highway developers raised concerns, saying, among others, that with the forming of a new special purpose vehicle, the income tax benefits of a 10-year infrastructure project are not transferred to the new developer who acquires the project.

“Senior lenders are unwilling to substitute during construction,” said Anand Kumar Singh, CGM, NHAI.

Mukesh Kumar, Vice-President, Infra Group, SBI Capital Markets, said that stake sale should be allowed between highway developers.

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(This article was published on November 23, 2013)

Keywords:

Mis management of L&T IDPL Toll booth udwariya sirohi rajasthan- Complaint from Mr. Mahendra Gehlot Visitor to Indian Tollways site-

November 25, 2013

From: mahendra gehlot
Subject: regarding mis management of L&T IDPL toll booth udwariya sirohi rajasthan

Message Body:
there office have no any register of complaint
mis management of staff
many other thing

 

 

 

Harvard scientists have proof yoga, meditation work

November 25, 2013

Bloomberg |

 

Scientists are getting close to proving what yogis have held to be true for centuries — yoga and meditation can ward off stress and disease.John Denninger, a psychiatrist at Harvard Medical School, is leading a five-year study on how the ancient practices affect genes and brain activity in the chronically stressed. His latest work follows a study he and others published earlier this year showing how so-called mind-body techniques can switch on and off some genes linked to stress and immune function.While hundreds of studies have been conducted on the mental health benefits of yoga and meditation, they have tended to rely on blunt tools like participant questionnaires, as well as heart rate and blood pressure monitoring . Only recently have neuro-imaging and genomics technology used in Denninger’s latest studies allowed scientists to measure physiological changes in greater detail.

“There is a true biological effect,” said Denninger, director of research at the Benson-Henry Institute for Mind Body Medicine at Massachusetts General Hospital, one of Harvard Medical School’s teaching hospitals. “The kinds of things that happen when you meditate do have effects throughout the body, not just in the brain.”

The government-funded study may persuade more doctors to try an alternative route for tackling the source of a myriad of modern ailments. Stressinduced conditions can include everything from hypertension and infertility to depression and even the aging process. They account for 60 to 90% of doctor’s visits in the US, according to the Benson-Henry Institute. The World Health Organization estimates stress costs US companies at least $300 billion a year through absenteeism, turn-over and low productivity.

Denninger’s study, to conclude in 2015 with about $3.3 million in funding from the National Institutes of Health, tracks 210 healthy subjects with high levels of reported chronic stress for six months. Unlike earlier studies, this one is the first to focus on participants with high levels of stress. The study published in May in the medical journal PloS One showed that one session of relaxation-response practice was enough to enhance the expression of genes involved in energy metabolism and insulin secretion and reduce expression of genes linked to inflammatory response and stress. There was an effect even among novices who had never practised before.

In a study published last year, scientists at the University of California at Los Angeles and Nobel Prize winner Elizabeth Blackburn found that 12 minutes of daily yoga meditation for eight weeks increased telomerase activity by 43 percent, suggesting an improvement in stress-induced aging.

Bangalore Airport expressway to be ready by January: Oscar Fernandes

November 22, 2013

 P4OSCAR.jpg

Bangalore: Union Road Transport and Highways Minister Oscar Fernandes on Wednesday said his ministry has decided to take up and fast track few expressway projects for the benefit of the industry.

“….we have to complete the projects that we were scheduled to finish…. The Mumbai-Vadodara Ex­pressway is going to be speeded up, the eastern & we­stern peripheral expressways – we are going to take up, also Delhi-Jaipur ex­pressway,” he said after inaugurating EXCON 2013.

He said these expressways will provide enough growth opportunities for the industry. On the Bangalore Airport expressway he said, “It should be completed by January 26 next.”

 

EXCON 2013 – an exhibition on construction equipment and construction technology is being organised by Confederation of Indian Industry (CII) in association with Ministry of Heavy Industries and Public Enterprises, Ministry of Road Transport and Highways and Karnataka Government.

 

Fernandes said: “Another area we are stepping in is electronic tolling. We have got the latest technology through a mobile you can pay your toll. It is under trial.

Source-http://www.asianage.com

Plan roads to increase mobility, not vehicles

November 22, 2013

Amit Bhattacharya

 

Transport is at the heart of urban development and economic activity. However, the current urban transport paradigms, which favor auto-mobility and generate multiple social, economic and environmental impacts, are not sustainable. It is well-documented that in India, close to 1.5 lakh people die every year due to road traffic accidents and a majority of them are pedestrians and cyclists. About 6 lakh premature deaths take place in the country annually on account of air pollution and about 4 lakh people die every year due to physical inactivity, which is directly linked to a sedentary lifestyle. Apart from these, there are issues around climate change, energy security (dependency of importing fossil fuel) and others, all of which are directly linked to the way we plan our cities for habitation. That in turn is directly linked to the transportation system of our cities and towns.One on the easiest but counterproductive ways of solving the transportation problem is by expanding road capacity, i.e. road widening, constructing flyovers, etc. However, globally, it has been recognized that this is not the solution to traffic congestion because it encourages motorized movement in the city, leading to more congestion. In California, between 1973 and 1990, every 10% increase in road lane-kilometres led to a 9% increase in vehicle kilometres travel (VKT) within a four-year period. Usually, it’s a matter of time before newly improved roads become congested again, a phenomenon known as “the rebound effect”.

Numerous empirical studies and analyses of real world case studies have shown that new road capacity usually induces traffic in direct proportion to the amount of new road space. In fact, different studies have shown that a large portion (50-100%) of the new roadway capacity is absorbed by induced traffic after three years of operation. Therefore, solving transportation problem by expanding road capacity is like solving an obesity problem by stitching bigger clothes or solving a heart problem with repeated bypass surgeries.

The answer to these problems lies in our own policies. India’s National Urban Transport Policy (NUTP) recognizes this and recommends that the focus be on moving people, not vehicles. It calls for promoted investment in public transit and non-motorized transport. One way to effectively achieve the NUTP goals is with the Avoid-Shift-Improve (ASI) framework:

Avoid or reduce growth in unnecessary travel while maintaining or enhancing economic and social opportunities for interaction through better land-use planning

Prevent the shift of trips from non-motorized transport and public transport to individual motorized modes

Improve the operations, energy and carbon efficiency of each mode

A comparison of Los Angeles and Stockholm shows sharp differences in the way people move and its impact on fatalities and health. In Stockholm, vehicle kilometers travelled are less than half while walking and cycling trips are almost seven times higher than in Los Angeles. Furthermore, Stockholm experiences one-sixth the pedestrian fatalities and one-tenth the pollution on a given workday.

Most cities in India are at an initial stage of development with a growing regional economy. They have a great opportunity to integrate their transport systems and land-use in a manner consistent with the ASI principles. If implemented, they will not need major and much more expensive changes later on, as is the case with industrialized nations. There is also a need to sensitize people and policy-makers around sustainable transportation and any development is this regard, like the recently launched Raahgiri Day movement in Gurgaon, will contribute significantly in making our cities more livable.

The writer is head of urban transport, EMBARQ India

Pay your road tax online now

November 22, 2013

TNN |

 

LUCKNOW: The online road tax payment system for commercial vehicles will be made functional on Friday after the formal inauguration by chief minister Akhilesh Yadav. The chief minister will inaugurate two schemes of the transport department, a multi-option vehicle tax payment system and radio taxis.The online payment system will be made functional at RTO Lucknow and Ghaziabad on Friday. During the first seven days, the tax payment facility will be provided for goods vehicles, after that the facility will be available for all commercial vehicles and passenger vehicles.Subsequently, the fully functional tax payment facility for both goods and passenger vehicles will be extended to all 75 district transport offices in the state.

After the implementation of the system fully, owners of about 7.25 lakh commercial vehicles registered in the state would be able to make online payment of their vehicle tax through the multi-option payment gateway of  State Bank of India which will enable them to make the payment through SBI internet banking or through ATM cum debit/credit card of all leading nationalized/non-nationalized banks.

Taxpayers will get a confirmatory SMS on their registered mobile number both from the department as well as the bank portal. This would be in addition to the actual printable receipt which will be generated subsequent to the completion of the online banking process.

Radio taxis in 13 cities from today

The radio taxi service, after the inauguration on Friday, will be available in 13 cities which have municipal corporations – Lucknow, Kanpur, Agra, Allahabad, Varanasi, Jhansi, Aligarh, Ghaziabad, Meerut, Saharanpur, Moradabad, Bareilly and Gorakhpur.

The dial-a-cab service would be available at the number 4343434.

For vehicles with a seating capacity of five (including driver) fare would be Rs 50 for first 2.5 km and Rs 20 thereafter for every km or part thereof. For vehicles with a seating capacity of more than five but not more than 7 (including driver) fare would be Rs 50 for first 2.5 km and Rs 25 thereafter for every km or part thereof.

The minimum fare for each vehicle would be Rs 50. Night charges between 11 pm and 5 am will be 25% extra of the regular fare. There will be no waiting charges for up to half an hour, beyond which the waiting charges will be Rs 50 per hour.

Trial on for toll payment using mobiles

November 22, 2013

OUR BUREAU |

BANGALORE |

 

Electronic tolling trial through use of mobile phones is currently on in major highways, said Oscar Fernandes, Union Minister of Road Transport and Highways.Speaking at the Confederation of Indian Industry (CII) – EXCON 2013, he said “the trial is on to use the latest technology which establishes contacts with the toll booth almost a kilometre away for the toll gate to open.”When implemented, this will help overcome major pile-up of traffic at toll gates.“The government is also aware that the infrastructure projects often suffer from lack of funding or subject to many conditions by the lenders before funding. So, the government has directed the lenders to take ‘assets’ into account for funding projects. We are also stressing on development of maintenance-free roads which initially may cost a little more but in the long run, is much more economical,” he added.

In his address, Karnataka Minister for Transport, Ramalinga Reddy, said “Karnataka has a close association with CII to promote the industries of the state. We have enormous plan for the growth of the state across all districts.”

Reddy mentioned that one such initiative is the Bangalore-Mumbai Economic Corridor.

S. Gopalakrishnan, CII President, said that EXCON this year has attained new heights with 17 per cent growth in number of participants.

He pointed out that the pace of growth in infrastructure in India has not kept pace with demands and it is a major challenge for the country. Highways, modern bridges, world-class airports, reliable power, and clean water are in desperately short supply.

Vipin Sondhi, Chairman, EXCON 2013, said “The scope and reach of EXCON has been growing over the years and today we see the greatest number of industry and visitor participation, making it the biggest ever exhibition not just in India but also in South Asia.”

Sumit Mazumder, CII Vice-President, said that in India, construction is the second largest economic activity after agriculture. Construction accounts for nearly 65 per cent of the total investment in infrastructure and is expected to be the biggest beneficiary of the surge in infrastructure investment over the next five years.

(This article was published on November 21, 2013)

 

Source-http://www.thehindubusinessline.com

NH66 widening survey completed

November 22, 2013

TNN |

MALAPPURAM: The widening survey of National Highway 66 under Ernakulam division in Malappuram district would be completed on Friday.

The survey of 25km stretch from Palappettty to Kuttippuram villlage was completed amid strong protest in the district.

The survey was started on November 12 under the strict directions of the high court. Though the National Highway action committee had blocked the survey on the first day itself, police arrested the protesters and allowed the revenue and National Highway officials to continue the survey.

The survey was started from Palappetty in Veliyankode village near Ponnani.

“So far we have completed the survey process in 25km and the survey in remaining 7 km until Kuttippuram will be completed in this division. There were protests from the local people in various parts of the highway. But we were able to continue it with the support of police,” said the surveyor P V Jayaraj. Rest of the NH stretch, from Kuttippuram to Kozhikode comes under Kozhikode division of National Highway. Total length of the NH 66 passing through the district is about 60km.

However, the National Highway Action Committee is planning to intensify the strike against the widening process. They are demanding the road widening to be limited in 30m width and it should not be constructed under build-operate-transfer format.

Zydex Technologies eyes building 20,000 km green roads in India by 2016

November 22, 2013

By PTI |

 The Gujarat-headquartered organisation has patented its nanotechnology which reduces water percolation into roads.

(The Gujarat-headquartered organisation has patented its nanotechnology which reduces water percolation into roads )

 NEW DELHI: Zydex Technologies today said it is eyeing building up to 20,000 km of moisture-resistant green roads in India by 2016 using its nanotechnology, after building such highways in US, Europe and Africa.

“We are looking at building 10-20,000 km of roads using our innovative technique in India in the next three years to provide moisture-resistant and pothole-free roads, which need no maintenance for about 15 years. We have already completed about 500 km of roads here with Border Roads Organisation and other agencies,” Zydex Industries CEO Ajay Ranka told PTI.

The Gujarat-headquartered organisation has patented its nanotechnology which reduces water percolation into roads.

Use of this technology can help the government save Rs 7,200 crore per annum on bitumen only, Ranka earlier told reporters.

 ”Bitumen consumption in India is about 4.5 million tonnes per annum, which costs Rs 18,000 crore, of which 80 per cent is used to resurface roads. Use of Zydex’s technology will not only double the life of roads but cut the cost by Rs 7,200 per year,” Ranka said.

Also, he claimed that using this technology the government can save over Rs 21,000 annually in maintenance of rural roads.

“The annual cost to the country for maintaining rural road assets is Rs 21,700 crore, which could be saved. In view of the cost of water proofing of about Rs 12,000 per lane km for the top layer and side slopes, the rain inflicted damages can be brought down very economically,” he said.

The CEO of the firm said it also plans to increase capacity four-fold to 6,000 tonnes a year at Vadodara plant with an expenditure of Rs 30 crore.

Ranka said the technology is getting wider recognition globally, including in Texas, where he claimed 40 per cent of roads were built using it, but rued that in India procedural delays prevent the country from getting the benefits of this advanced technology.

“We have orders from Canada, US, Germany, Sweden, Nigeria, Mexico, Russia, Turkey, Indonesia, Japan and many other countries which are rapidly using the technology but on home turf we are faced with roadblocks. Set protocols are there in other countries, which we lack here,” he said.

However, the company has built roads using the technology in Leh Laddakh region in collaboration with Border Roads Organisation.

 Besides, in some states it is working under Pradhan Mantri Gram  Sadak Yojana, he added

Source-http://economictimes.indiatimes.com

BJP stir over NH-33 repair

November 22, 2013

TNN |

 

RANCHI: The National Highway 33 between Ranchi and Jamshedpur is likely to be repaired soon. Though political agitations have been taking place over the past few months and the parties have been demanding repair of the Steel City residents’ lifeline, the hue and cry got noticed only on Thursday. Two BJP leaders, one each from Ranchi and Jamshedpur, led a workers’ team which sat on a dharna at the National Highways Authority of India’s (NHAI) regional office in Ranchi.

Former minister and Jamshedpur MLA Raghubar Das and former BJP legislator Saryu Rai jointly staged a dharna before the NHAI office in Ranchi with dozens of BJP workers demanding immediate repair of the highway. The protestors held placards in their hands and said if the road was not repaired soon they would not allow the NHAI office to function. Das said it was because of the apathy of the state government towards common man’s concerns that the NHAI office have delayed and denied repairing the road.

“Jharkhand’s ‘Super CM’, Congress leader Jairam Ramesh had announced that FIRs would be lodged against the erring officials of NHAI if the road construction work did not start in 15 days. ‘Dummy CM’ Hemant Soren made similar announcement when he visited the Steel City,” Das said.

Saryu Rai, who also sat on the dharna, said being in opposition it was the responsibility of the BJP to draw attention of the government to issues that need immediate government intervention. “We receive reports of death on NH-33 almost everyday and hence waiting for the four-laning of road would just be a waste of time and precious lives,” he said.

After the dharna the NHAI officials assured the BJP protestors to start work on Chandil-Jamshedpur stretch from Friday with 100 labourers and between Ranchi and Bundu with another 100 labourers.

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