15 December 2019

TICKER TAPE: INFRASTRUCTURE

BIDDING FOR MUMBAI METRO III

Work on Mumbai Metro Rail Corporation’s extension under phase III, from Colaba to Seepz may soon begin in right earnest with the bidding process set to start. The 32.5 km long underground corridor project has received approval from Japan International Cooperation Agency. The Japanese organisation will be funding ` 13,235 crore of the total project cost of `23,136-crore. Work is expected to start by March 2015. Nine firms have been qualified in pre qualification bids which were invited in September 2013.

 

SPV FOR PATNA METRO

Authorities in Bihar have decided to form a Special Purpose Vehicle to fast track the Patna Metro rail project. Once the SPV is in place a Detailed Project Report of the project will be sent to the Centre for approval, state government officials have said. The SPV will be constituted with a board of directors, headed by a non-executive chairman and project director as MD of Metro Rail Project. It is learnt Rail India Technical and Economic Service has finalised the DPR for the Patna metro rail project. This has involved a subtraction of project cost from `17,000 crore to `14,000 crore assessed earlier. The Patna metro will have two routes.

 

TUNNELS TO EASE DELHI TRAFFIC

A proposal for the construction of seven tunnels to ease traffic on the roads of the national capital has been submitted to the Union Transport Ministry by the Delhi Traffic Police. Currently being examined the proposal suggests subtraction of traffic in clogged stretches like ITO by 80 per cent. It is expected the roads will be as short as 1 km to 2.5 km in length to keep them cost-effective and make them ready to use as soon as possible.

 

LUCKNOW AGRA EXPRESSWAY TAKES OFF

Authorities in Uttar Pradesh have laid the foundation stone for the 302-km long, 110-meter wide, six lane expressway. The Lucknow Agra Expressway, arguably India’s longest, is not just expected to reduce travel time between the two cities to four hours but change the entire economic landscape of the state of Uttar Pradesh. With 85 per cent of the land for the project acquired by the UP Expressway Industrial Development Authority the government is looking to complete construction of this project within two years. The project will cost `15,000-crore project to implement. The firms involved in the implementation of the project under EPC include L&T, Afcons, NCC Ltd, PNC Infratech

 

 $500 MN ADB LOAN FOR RAJASTHAN

The Asian Development Bank (ADB) has approved two loans worth half a billion dollars to help authorities in Rajasthan to improve management of essential urban services and to finance water and sewerage upgrades. Under the loan the state government will fund the creation of a new corporate-style state body to oversee urban services development and water and wastewater operations in the state capital, Jaipur. $250 million will be used for projects which support water system improvements in Hanumangarh, Jhunjhunu, Pali, Sri Ganganagar, and Tonk, citieswhich account for low piped water coverage and high losses.

 

MAHA FOR URBAN INFRA LEAP

The Devendra Fadnavis government in Maharashtra has announced plans to fast track construction of a metro network of 450 km, a suburban railway network of 241 km, urban highway system of 1,660 km, highway corridors of 77 km and to add to the list ‘passenger water transport systems’ by 2031. It is reported an investment of $50.72 billion will be required to implement the projects.

 

ARABIAN STATES TOLD TO INVEST IN INDIAN INFRA

The 22-nation League of Arab States have been invited by New Delhi to invest in the infrastructure space in the country as also to benefit from the 'Make in India' programme recently launched by Prime Minister Narendra Modi. It is reported India's bilateral trade with Arab countries reached $185 billion in 2013-14, a jump of nearly 25 percent over 2010-11. Member countries of the Arab League, home to over 7 million Indians and with a collective GDP of nearly $3 trillion, are a major destination for India's exports. Their investments to India have crossed $3.5 billion since April 2000.

 

6 INDIAN PROJECTS IN KPMG INTL 100 LIST

Six infrastructure projects from India – specifically from Delhi and Gujarat – have been selected among the 100 most innovative infrastructure investments in the world, as per the KPMG International’s Infrastructure 100: World Markets Report. These include the Delhi Metro, Yamuna Expressway, Interceptor Sewage System in Delhi, Gujarat International Finance Tec-City (GIFT), Mundra Ultra Mega Power Project and Narmada Canal Solar Project. The report looks at infrastructure based on the dynamics of four key markets: Mature international markets (such as Canada, Australia, the UK), economic powerhouses (including the US and BRICS countries), smaller established markets (such as Chile, Sweden, New Zealand and South Korea) and emerging markets.  It is reported a panel of independent industry experts evaluated over 400 diverse and compelling projects to ultimately select the 100, based on scale, feasibility, complexity, innovation and impact. The projects have a total value of $1.73 trillion.

 




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