18 October 2019

Table of Contents for Ticker Tapes





Infrastructure

AHMEDABAD METRO SECOND LINE KICKS OFF

 

The second line of Ahmedabad Metro rail project of North-South Corridor has taken off with the ground breaking ceremony being performed by the Gujarat Chief Minister Anandiben Patel. The cost of completion for the 19-km line connecting APMC (Vishala circle) to Motera is estimated at around `4,500 crore. The project by MEGA Company Ltd will be completed in under three years and will have 15 elevated stations along the route.

 

 

 

INTEGRATED WATER TRANPORT FOR KOCHI

 

Kochi Metro Rail Limited (KMRL) authorities have approved the implementation of an integrated water transport project for the Greater Kochi region. The `741-crore project which got the Centre’s approval earlier this year will entail building of new and renovation of boat jetties, improvement of road connectivity, local transport and power infrastructure and acquisition of modern, air-conditioned catamarans.

 

 

 

AMRAVATI METRO FOUNDATION CEREMONY SOON

 

The foundation-laying ceremony for the Amaravati metro rail project is likely to be held soon following the evaluation of technical bids by Amaravati Metro Rail Corporation (AMRC) officials. It is also reported that ten companies have filed tender bids for phase-II of the metro project which will come up between Pandit Nehru Bus Station and Nidamanuru. The metro project consists of two corridors in phase-I covering 26.03 km to be built at a cost of `6,769 crore. The project has been awarded to the Delhi Metro Rail Corporation (DMRC) with a completion deadline of December 2018.

 

 

 

DPR FOR NAGPUR-MUMBAI SUPEREXPRESSWAY

 

Maharashtra State Road Development Corporation (MSRDC) has floated tenders to engage international consultants to prepare the Detailed Project Report (DPR) for the ambitious 744 km long Nagpur-Mumbai communication Superexpressway. The project has been divided into five packages for speedy preparation of DPR and work is expected to begin simultaneously on all packages so that project meets its completion deadline of 2019. The Superexpressway which will have an investment of over `30,000 crore will have wi-fi connectivity and industrial parks along its entire stretch.

 

 

 

UK-INDIA INFRA FINANCING FUND

 

New Delhi and London have announced a decision to work together to develop an India-UK partnership mechanism under the aegis of the recently created National Investment and Infrastructure Fund (NIIF). The fund will seek to increase flows of private sector capital and expertise alongside multilateral support into Indian infrastructure notably for development of smart cities in India. India is looking at the UK for issuance of rupee-denominated bonds to get British investors to fund its infrastructure projects.

 

 

 

MUMBAI COASTAL ROAD IMPACT REPORT

 

The Brihanmumbai Municipal Corporation has commenced an environmental impact survey preparatory to the construction of the Mumbai’s Coastal Road project. The findings will soon be submitted to the Central government to allow the civic body to float tenders for the project. The project will be executed in seven phases which will be launched simultaneously. The Central government gave its approval for the implementation of the 35 km long coastal road connecting Nariman point to Kandivali recently with a provision for land reclamation for the roads construction.

 

 

 

MULTIMODAL LOGISTICS PARK FOR KAKINADA

 

The Container Corporation of India Limited which operates under the Ministry of Railways has announced plans to develop a Multi-modal Logistic Park at Kakinada Port with an investment of about `450 crore. Towards this end the government of Andhra Pradesh has allotted 89.35 acres of land near the Kakinada Port to the corporation. It is reported the project will see the development of infrastructure like rail sidings for handling railway racks, custom bonded warehouses, fully paved container stack yards, container cargo handling equipment and a customer facilitation centre.

 

 

 

MUMBAI AHMEDABAD BULLET ON ELEVATED

 

The cost of the proposed Mumbai-Ahmedabad bullet train is now expected to increase by `10,000 crore since it will now run on an elevated corridor to solve land acquisition hurdles and eliminate the need to build underpasses and fences. It has also now been decided that the corridor will not pass through Nashik, since it could lead to further increase project cost. The high speed train corridor will have 11 stations on the route. The project to be jointly implemented by state governments of Maharashtra, Gujarat and the Ministry of Railways was originally estimated to cost `98,000 crore.

 

 




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