Project of six laning of Vijaywada –Gundugolanu section of NH 5 in Andhra Pradesh

January 16, 2012

The Cabinet Committee on Infrastructure today approved the implementation of the project of six laning of Vijaywada –Gundugolanu section of NH 5 in Andhra Pradesh under NHDP Phase V on DBFOT basis in BOT (Toll) mode of delivery.

The total project cost estimated will be Rs.2011 crore out of which Rs.327 crore will be for the land acquisition, rehabilitation, resettlement and pre-construction.

The total length of the project will be 103.590 kms.

The project, on completion, will reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Vijayawada – Gundugolanu. It will also increase the employment potential for the local labourers for the project activities.

The main objective of the project is to expedite the improvement of infrastructure in Andhra Pradesh, increase the capacity of Golden Quadrilateral corridor and also to reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Vijayawada- Gundugalanu. The National Highway No.5 is an important link connecting Kolkata to Chennai, which is part of the Golden Quadrilateral Corridor. This will facilitate road users, particularly traffic on Chennai-Kolkata section of Golden Quadrilateral passing through Guntur, Krishna and West Godavari districts and Chennai- Hyderabad and Kolkata – Hyderabad section.

The project is covered in the districts of Guntur, Krishna and West Godavari in Andhra Pradesh.

Background:

Cabinet Committee on Economic Affairs in the meeting held in October 2006 approved six laning of 6500 km of four-lane National Highway comprising 5700 km of Golden Quadrilateral and 800 km of other sections at a cost of Rs.51,210 crore under NHDP Phase V. Of the total investment required, Rs.35,692 crore is expected to come from private sector and the balance Rs.5,518 crore from Government funding for bridging the viability gap and for the cost of land acquisition, utility shifting, consultancy etc. The average cost per km after acceptance of the recommendations of B.K. Chaturvedi Committee by the Government is now Rs.10 crore /km for NHDP Phase-V projects.

Source: pib.nic.in

Government approves road projects of Rs 5,388 crore in three states

January 16, 2012

NEW DELHI: The government on Thursday approved three road projects in the states of Himachal Pradesh, Haryana and Andhra Pradesh entailing a total investment of Rs 5,388.36 crore.

The Cabinet Committee on Infrastructure cleared widening of Kiratpur-Ner Chowk section in Himachal Pradesh at a cost of Rs 2,356.20 crore, six-laning of Vijaywada -Gundugolanu section in Andhra Pradesh worth Rs 2,011 crore and Rs 1,021.16 crore scheme for four-laning of Uttar Pradesh/Haryana border- Panchkula section in Haryana.

“The main objective of the project is to expedite the improvement of infrastructure in Himachal Pradesh and also in reducing the time and cost of travel for traffic, particularly heavy traffic, plying between Kiratpur and Ner Chowk,” an official statment said about the Himanchal Pradesh project.

The widening of 84.38 km stretch on National Highway (NH) 21 in state will be implemented under NHDP phase III on design, build, finance, operate and transfer (DBFOT) basis in BOT toll mode of delivery, it said adding of the entire cost, Rs 537.37 crore will be spent on land acquisition, rehabilitation, etc.

The project, on completion, will reduce the time and cost of travel for traffic, particularly heavy traffic, plying between Kiratpur and Ner Chowk. It will also increase the employment potential for the local labourers for the project.

NH 21 is not only an important link connecting national capital and tourist destination of Manali in Himachal Pradesh but is a major link to Leh in Ladakh.

About Andhra Pradesh project comprising 103.59 km, the statement said it will be implemented under NHDP Phase V on DBFOT basis in BOT (Toll) mode of delivery.

“The total project cost estimated will be Rs 2,011 crore out of which Rs 327 crore will be for the land acquisition, rehabilitation, resettlement and pre-construction,” it said.

It added, “The main objective of the project is to … increase the capacity of Golden Quadrilateral (GQ) corridor and also to reduce the time and cost of travel for traffic, particularly heavy traffic between Vijayawada- Gundugalanu.”

NH 5 is an important link connecting Kolkata to Chennai, which is part of the GQ Corridor. This will facilitate road users, particularly traffic on Chennai-Kolkata section of GQ passing through Guntur, Krishna and West Godavari districts and Chennai- Hyderabad and Kolkata – Hyderabad sections.

Out of the total cost of the 104.7-km Haryana project on NH 73 under NHDP Phase-III on DBFOT basis in BOT (Toll) mode, Rs 86.23 crore will be for land acquisition, rehabilitation, resettlement and pre-construction.

The project, on completion, will reduce the time and cost of travel for traffic, particularly heavy traffic, plying between UP/Haryana border – Yamunanagar – Saha – Bawala – Panchkula. It will also increase the employment potential for the local labourers for the project activities.

Source: articles.economictimes.indiatimes.com

NHAI awards Rs 2,815 cr project to GVK

August 18, 2011

With private companies growing interest in the road sector, the National Highways Authority of India (NHAI) today awarded a Rs 2,815 crore contract in Madhya Pradesh to infrastructure player GVK that will fetch it an annual premium of about Rs 190 crore for 30 years, more than the total project cost.

With this award, the income to NHAI would be over Rs 870 crore per annum from four projects which it bid out within last few days.

“We have successfully awarded Rs 2,815 crore project in Madhya Pradesh for four-laning of Shivpur-Dewas section to GVK Transportation. NHAI will get a premium of Rs 189.9 crore per annum on this for 30 years, with a provision of an increase of five per cent every year,” a senior Road Ministry official told PTI.

The 330 km-project will be built under phase IV of the National Highways Development Project (NHDP) on BOT (build, operate and transfer) basis on DBFOT (design, build, finance, operate and transfer) pattern.

GVK was selected out of 14 major bidders that included players like GMR, Gammon, Essar and Punj Lloyd, the official said, adding that the “contract was proposed to be bid out on 15 per cent viability gap funding (VGF).”

The development comes close on the heels of NHAI bidding out its first mega project — Kishangarh-Udaipur-Ahmedabad at Rs 636 crore annual premium for 26 years to Bangalore-based GMR Infrastructure on July 29.

Further, the highway authority, which awarded projects worth over Rs 12,000 crore in the last four days, got about Rs 50 crore premium on Hospet-Bellary stretch in Karnataka and Orissa border-Aurang section.

Highways developers bid premium if they find the project lucrative; the private companies are confident that the toll revenue accruing to them would be more than their total cost.

Earlier, NHAI virtually used to provide grants on schemes to road developers to make the projects viable.

NHAI has announced to award 59 projects– involving 7,994 km, with a total cost of about Rs 60,000 crore– this fiscal.

India has a network of 3.3 million km roads out of which national highways constitute only 70,548 km. To augment it, the government plans to build 35,000 km of roads by 2014.

Source: business-standard.com

Project News : Road Ministry, NHAI Plan Investment for Road Sector

August 5, 2011

The Union Ministry of Road Transport and Highways has chalked out investment plan for the road
sector.

The ministry is planning to invest over Rs 2.64 lakh crore in the 12th Five‐Year Plan (2012‐17). Of the
total, a sum of Rs 87,000 crore will come from the NHAI and the remaining Rs 1.77 lakh crore will come
from the private sector. The ministry has set a target of awarding 7,300 km of roads in the current fiscal.
The government plans to build 35,000 km of roads by 2014. PT ‐ Exclusive

MAHAGENCO invites bids for solar PV power project

MAHAGENCO plans to set up a solar and wind energy park at Shivajinagar in Sakri taluka in Dhule
district of Maharashtra.

In this regard, the bids have been invited from EPC contractor / developer for crystalline solar PV power
project (25 MW) at Shivajinagar. MAHAGENCO is planning to set up 125 MW (5×25) PV power project in
Shivajinagar.

UJVNL invites EoIs for hydro electric projects in Uttarakhand

UJVNL has invited EoIs from eligible companies for Bowala Nand Prayag and Nand Prayag Langasu hydro
electric projects in Chamoli district of Uttarakhand.

The EoIs have been invited for JV formation with UJVNL for construction, operation and maintenance of
Bowala Nandprayag (300 MW) and Nand Prayag Langasu (100 MW) hydro electric projects

India Unveils $2.2bn Jammu & Kashmir Road Project

August 5, 2011

India has unveiled a plan to invest $INR100bn ($2.2bn) for road projects in Jammu & Kashmir state.

The investment will be used in road projects including two strategic tunnels – Quazigund-Banihal and
Chenani-Nashri – to provide all-weather connectivity to the state with the rest of the country.

The 8.45km Quazigund-Banihal project will be part of the INR19.8bn ($440m) Quazigund-Banihal
project on Jammu-Srinagar National Highway.

On completion, the tunnel will reduce the distance between Banihal and Srinagar by 16km.The tunnel
will have an emergency lane for emergency cross passages as well as proper ventilation.

Apart from the 8.45km tunnel, the 0.69km Chenani-Nashri tunnel will also be built under the project.

The road project will reduce the distance between Jammu to Srinagar to 50km and reduce the
travelling time to 4-5 hours from the current 8-10 hours.

IRB Infra Signs Concession Agreement With NHAI for Road Project in Gujarat

August 5, 2011

IRB Infrastructure Developers’ wholly owned subsidiary IRB Ahmedabad Vadodara Super Express
Tollway has signed a concession agreement with the NHAI for a road widening project in Gujarat.

The pact has been signed for six‐laning of Ahmedabad to Vadodara section of NH‐8 from km 6.400 to km
108.700 (length 102.300 km) and improvement of existing Ahmedabad Vadodara Expressway from km
0.000 to km 93.302 in Gujarat (length 93.302 km.) under Phase V on DBFOT Toll basis with a concession
period of 25 years.

The scope of work involves upgradation of existing section of NH8 between Ahmedabad and Vadodara
from existing two‐lane highway to a six‐lane super expressway and value addition to the existing
Ahmedabad Vadodara Expressway. The project is estimated to cost Rs 3,600 crore. The construction is
to be completed within three years from the appointed date. The SPV will get tolling rights on
Ahmedabad Vadodara expressway from the appointed date and on NH‐8 post‐completion of
construction.

India Awards Four Highway Projects

August 5, 2011

The National Highway Authority of India has awarded four road projects worth Rs95bn ($2bn).

GMR Infrastructure has won an Rs57bn ($1.3bn) national highway project running from Kishangarh in
Rajasthan state through Udaipur to Ahmedabad in Gujarat state.

The project is to six-lane a 555km-long stretch of the highway, over the next three-to-four years, with
GMR paying the premium to the authority over the 26-year concession period.

The project will be carried out on a design, build, finance, operate and transfer (DBFOT) basis under
the fifth phase of the National Highway Development Programme, which is widening the existing
Golden Quadrilateral to six lanes from four.

Another Rs12.32bn ($279m) project has been awarded to BSCPL Infrastructure for four-laning the
Orissa border-Aurang section on NH-6 in the state of Chhattisgarh.

The 150km-project will be carried out on a DBFOT basis under NHDP Phase-IV.

PFC has won a Rs9bn ($204m) project for the Hospet-Bellary section in Karnataka, while the extension
of Jabalpur-Rewa section in Madhya Pradesh was awarded to Soma Tollways.

ADB Funds Indian Road Projects

August 5, 2011

The Asian Development Bank (ADB) will extend a $200m loan to India to reconstruct roads in northeastern
parts of the country.

The loan will be released in two phases and will be used to upgrade over 400km of roads in the states
of Assam, Manipur, Meghalaya, Mizoram, Sikkim and Tripura to improve mobility and accessibility.
The improvement work will include widening existing sections of roads, strengthening pavements,
raising embankments, and providing permanent structures at river crossings.
ADB will also provide $1.2m of associated technical assistance grant from Japan Fund for Poverty
Reduction to state public works departments to help them introduce modern road management
practices.

The first tranche of $75m loan will be used for improvement of 200km of roads in three states.
The Indian Government and north-eastern states will provide $98.2m in counterpart funding for the
$298.2m road improvement project to be carried out until December 2016.

HCC ties up funds for projects in Bengal

November 9, 2010

Hindustan Construction Company (HCC) has mopped up funds for three road projects in West Bengal. Together, the projects entail a cost of Rs 3,300 crore and have a debt component of Rs 1,600 crore.

Yes Bank is the sole debt arranger and syndicator of the debt. Other financial institutions are India Infrastructure Finance, Dena Bank , Syndicate Bank and Oriental Bank of Commerce. The total loan tenure is 12 years and the interest rate is 10.8 per cent.

The projects include four-laning of Baharampur-Farakka section on NH-34, covering a distance of 103 km; development of existing two lanes into four lanes between Farakka and Raiganj (103 km) and between Raiganj and Dalkhola (50 km), also on NH-34. HCC has acquired the required land and work will commence in November 2010.

The projects that will be executed on DBFOT basis are to be completed by mid-2013.

Etawah-Chakeri section to be six-laned

November 9, 2010

The NHAI proposes to upgrade a road project in Uttar Pradesh.

The Authority intends to take up six-laning of the Etawah-Chakeri (Kanpur) section of NH-2 from Km
323.475 to Km 483.687 under NHDP Phase V. The project is expected to cost Rs 1,698.50 crore.

RFQs have been invited from prospective entities, with last date of submission being 10 December 2010.

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