28 February 2020

Table of Contents for Ticker Tapes





Ticker Tape- Infrastructure

MMRDA AWARDS CONTRACTS FOR METRO-7 CORRIDOR

The Government of Maharashtra has accorded administrative approval to the appointment of contractors to design and construct an elevated viaduct and 16 stations on the 16.5-km long Metro-7 corridor from Andheri (E) to Dahisar (E) in three packages. M/s. Simplex Infrastructure Ltd has been recommended to design and construct five elevated stations- Andheri (E), Shankarwadi, JVLR Junction, Mahanand and new Ashok Nagar and the first package consisting of an elevated viaduct. The second package consisting of an elevated viaduct and six elevated stations- Aarey, Dindoshi, Pathan Wadi, Pushpa Park, Bandongri has been awarded to M/s J Kumar Infraprojects Ltd. The third package consisting of an elevated viaduct and five stations—Magathane, Devipada, National Park, Ovaripada and Dahisar (E) has appointed M/s. NCC Ltd. The entire corridor and all 16 stations are to be completed within 30 months.

 

HILLY HIGHWAYS TO GET 25,000 CRORE MAKE OVER

The Indian government is preparing a project worth Rs.25,000 crore to foster the construction of about 2,000 kilometres of highways in 12 hill states of India, which includes 300 km in Arunachal Pradesh, 250 km each in Jammu and Kashmir and Himachal Pradesh, 256 km in Mizoram and100 km in Manipur. The remaining would be made in Uttrakhand, Assam, Sikkim, Nagaland and West Bengal. The newly constituted National Highways and Industrial Development Corporation will undertake majority of these highways. The ministry in the last fiscal awarded about 10,000 km of highway contracts worth Rs.1 lakh crore, out of which nearly 6,300 km was made at the average rate of 18 km a day. The target this fiscal is to construct 10,000 km at a pace of 28 km per day on an average.

 

RS.1 LAKH CRORE TO BE INVESTED IN PORT DEVELOPMENT

At the (MIS) Maritime India Summit, PM Narendra Modi stated that an amount of Rs.1 lakh crore is to be invested in the port sector to increase port capacity from 1,400 million tonnes to 3,000 million tonnes by 2025. Five new ports are to be made to meet increasing demand of Exim trade, which is expected to rise in line with the fast-growing Indian economy. The project includes other infrastructure development opportunities in 12 major ports, projects in eight maritime states and other agencies. It includes over 100 projects that have been identified under the ambitious Sagarmala programme.

 

PHASE II OF CHENNAI METRO RAIL CORRIDORS

The stretch of around 88 km under the second phase is estimated at Rs.42,000 crore. Out of the 88 km, 54 km would be underground and its cost is estimated to be 32,000 crores while the rest that would be elevated is to cost Rs.10,000 crore. The three corridors include Madhavaram to Siruseri (41km), Nerkundram to Light House (14km) and Madhavaram to Perumbakkam (33km) and are expected to be completed by 2026.
 

THE WORLD BANK FUNDS PROVISION OF CLEAN WATER

Karnataka Urban Water Supply Modernization Project (KUWSMP) has received funding of $100m from The World Bank to provide clean water in Hubbali-Dharwad area. The Municipal Corporation of Hubbali-Dharwad will implement the project by hiring a professional water supply operating company to help improve its water supply system through a 12-year contract. It intends to set up a city-level water utility that will take over water supply operations from the operating company at the end of its contract period. The $100m loan from World Banks’ International Bank for Reconstruction and Development (IBRD) has a five-year grace period, and a maturity of 24 years.

 

ASIAN DEVELOPMENT BANK LOANS $300 MILLION TO UP

Over 400 km of major district roads in Uttar Pradesh are to be upgraded through a combination of state, private and multilateral resources. ADB’s first ever road sector backing in Uttar Pradesh, will be used to improve 430 km of major district roads to standard design widths and built quality which can endure all types of weather conditions. The project includes safety features, widened and strengthened culverts and bridges. The key element of the project funded by ADB is the inclusion of 5-year performance- based maintenance and upkeep of the roads.

 

HIGHWAY PROJECT IN KARNATAKA

"The Cabinet Committee on Economic Affairs has given its approval to develop the Hospet-Bellary-Karnataka/Andhra Pradesh border section of National Highway 63 in Karnataka. Four-laning of the 95.37 kms highway has been sanctioned at Rs.1,622 crore includes the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities. The chief purpose of the project is to accelerate the improvement of infrastructure in Karnataka and to reduce the effort, time and cost of traveling. It intends to curb the heavy traffic which the Hospet-Bellary-Karnataka/Andhra Pradesh Border sector of NH-63 is prone to.

 




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