Thursday, June 20, 2024

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Ticker Tape – Infrastructure

Gadkari inaugurates two NH projects worth Rs.3,390 crore in Buxar

The central government is gearing up to complete Rs.3 lakh crore worth of road projects including 13 green expressways and economic corridors in Bihar by 2024. Union Minister for Road Transport and Highways Nitin Gadkari said this while laying the foundation stone of road projects in Rohtas district of Bihar.

As part of improving road connectivity, 10 greenfield expressways are under construction in the state of Bihar at an estimated cost of Rs.1.10 lakh crore. Construction of a project on a new alignment is classified as a greenfield project. A greenfield project is usually located in a new area, where the per unit cost of land acquisition is usually lower given the less development in these areas. Swarajya takes a look at the proposed expressways in the state of Bihar:

1. Raxoll-Haldia Greenfield Expressway

The 6-lane, 692-km expressway from Raxul in Bihar to Haldia Port in West Bengal is being constructed at a cost of Rs.40,000 crore.

2. Gorakhpur-Siliguri Expressway

The expressway passes through Gopalganj, Siwan, Chapra, Muzaffarpur, Sitamarhi, Madhubani, Spool, Saharsa, Purnia and Kishanganj before reaching Siliguri.

3. Varanasi-Kolkata Expressway

The 6-lane, 612 km Varanasi-Kolkata corridor will pass through UP, Bihar, Jharkhand and West Bengal.

It will cover 22 km in UP, 159 km in Bihar, 187 km in Jharkhand and 244 km in West Bengal.

4. Patna-Arah-Sasaram Expressway

5. Patna-Bettia Expressway

The road notified as NH 139W starts from its junction with NH-139 near Patna, connects Bakarpur, Manakpur, Sahibganj, Urij and ends at its junction with NH-727 near Batia. Is.

6. Bakarpur-Dumaria Ghat Expressway

The 92-km stretch in Saran, Vaishali and Muzaffarpur districts will enhance connectivity to the state capital.

The estimated cost of this project is Rs.2200 crore.

7. Patna Ring Road

The highway project will extend the Patna SCR (State Capital Region) area to the three districts of Patna, Vaishali and Saran district. The expansion of Patna city will also reach the north of the Ganga river, including both banks of the Gandak river.

8. Monger-Mirzachoki Expressway

9. Amas-Darbhanga Expressway

The 198 km long expressway will connect north to south Bihar and travel time will be less than four hours.

It will run between Amas in Aurangabad district, on Delhi-Kolkata NH-19, and terminate at Nawada village in Darbhanga district on NH-27, crossing seven districts including Arwal, Jehanabad, Patna, Vaishali and Samastipur.

The expressway has been notified as NH-119D with an estimated cost of Rs.8000 crore.

10.Patna-Arah-Buxar Expressway

Ten greenfield expressways, once developed, will provide direct and indirect employment to lakhs of people and change the physical face of Bihar.

These expressways will unlock the potential of Bihar and put the state on the path of growth and prosperity.

25 New Highway Projects Worth Rs.11,721 Crore Sanctioned To Jammu And Kashmir

The Union Minister for Housing and Urban Affairs, Hardeep S Puri said that the Prime Minister’s commitment to the development of Jammu and Kashmir (J&K) is turning into reality and work regarding the same is in full swing. The minister visited Srinagar and reviewed the progress of work on various development projects and work done as per government schemes. Addressing the media persons, Puri said people are investing in the economic development in the Union Territory of J&K because of the Central Government’s decision to remove the bottleneck of Article 370 and 35A.

“A new dawn of development is now set in the UT of Jammu and Kashmir after the abrogation of Article 370 that could be judged from the fact that 25 new National Highway Projects have been sanctioned to be built at an estimated cost of Rs.11,721 crore,” the minister said. “168 MoUs have been signed amounting to 13,600 crore, seven new medical colleges have been sanctioned with medical seats increasing from 500 to 955, world’s highest railway bridge constructed in J&K, Vande Bharat Express is in operation from Jammu to Delhi and tourist footfall increased to more than one lakh,” he added.

Puri further said that under the Ministry of Petroleum and Natural Gas, some 12 lakh LPG connections have been provided under PM Ujjwala and 50,000 houses have been sanctioned under PM Awas Yojana (Urban). During the review meeting, the minister said that application of modern technology to solid waste management is the need of the hour and Srinagar will be among the cities where such strategies will be adopted on a priority basis.

He said that there is a need to process the waste as per modern standards to avoid dumping it at one location, which is hazardous to the ecosystem.

Dilip Buildcon bags LOA for project worth Rs.723.45 crore

Dilip Buildcon Limited informed that it has received the letter of acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) Limited. The company has received the order for the construction of 7.553 kms elevated viaduct and 7 nos. of stations (incl. E&M, Architectural Finishing, Roofing, Plumbing, Signage, etc.) from Sector- 1 to Mahatma Mandir in connection with Ahmedabad Metro Rail Project, Phase-2. As per the company, the estimated cost of the project is Rs.723.45 crore. The company expects to complete the project within a period of 24 months.

Telangana Govt Proposes To Expand Hyderabad Metro With 26 Km Long New Line Between BHEL And Lakdikapul, Urges Centre To Sanction Rs.8453 Crore

Telangana state government has asked the union government to fund its proposal to expand the Hyderabad Metro network with a 26 km long metro rail corridor from BHEL to Lakdikapul.

In a letter to Union Minister for Urban Affairs Hardeep Sngh Puri, Telangana’s Municipal Administration and Urban Development (MA&UD) Minister K T Rama Rao asked for inclusion of Hyderabad metro’s phase-2 expansion in Union Budget 2023-24.

Phase-2 covers 31 km of expansion with two components. Major part of it is a 26 km long corridor with 23 stations from BHEL in north-western Hyderabad to Lakdikapul in central part of the city. Other components include a five km connecting link with four stations from Nagole to LB Nagar. This expansion works are estimated to cost Rs.8,453 crore. According to the letter by minister KTR, to fast track the process, the state government has sent the detailed project report (DPR) of this project prepared by Delhi Metro Rail Corporation (DMRC) and other related documents to the union ministry on 27th October. If taken up, this phase-2 expansion provides more metro rail connectivity in the rapidly developing western part of the city. The BHEL-Lakdikapul corridor is expected to pass through Madinaguda, Kondapur, Hitec city, Raidurg, Mehdipatnam, Tolichowki and Masab tank areas.

At present, Hyderabad’s metro rail network spans over 69 km with three corridors criss-crossing the main city. Also, it is the world’s largest metro rail project in public private partnership (PPP) mode.

Telangana politics is witnessing a tough battle between the ruling TRS and growing BJP. With state assembly elections scheduled to be held in November 2023, there are expectations that BJP led union government will announce funding for the metro rail expansion plans in Hyderabad.

Megha Engineering & Infrastructures Limited to build Mongolia’s first oil refinery

Megha Engineering & Infrastructures Limited (MEIL) will construct Mongolia’s first oil refinery. According to the business, MEIL will spend $790 million to construct EPC-2 (Open Art Units, Utilities & Offsites, Plant Buildings) and EPC-3 (Captive Power Plants).

The nations of China and Russia border Mongolia. The nation is building the Mongol Refinery, its first greenfield oil refinery, to reduce its reliance on oil imports from Russia. The refinery’s operations include a pipeline and a power plant. Once finished, this refinery will have the capacity to process 1.5 million tonnes of crude oil yearly, or 30,000 barrels. According to the corporation, this will lessen Mongolia’s reliance on Russian fuel and assist the nation in meeting its needs for petroleum products like gasoline, diesel, aviation fuel, and liquefied petroleum gas (LPG).

The project is a component of the Development Partnership Administration programme of the Indian government’s Ministry of External Affairs (MEA). A line of credit from the Indian government will be used to finance its construction. The project management consultant (PMC) for this partnership project is Engineers India Limited (EIL). According to the corporation, this refinery will create a number of jobs over the coming years, assisting the expansion of surrounding small businesses and fostering Mongolia’s economic progress.

PM Modi lays foundation stone for redevelopment of Visakhapatnam Railway Station

Prime Minister Narendra Modi laid the foundation stone for the redevelopment of Visakhapatnam Railway Station in Visakhapatnam city, Andhra Pradesh. It will provide a world-class travel experience to the passengers. The cost of redevelopment would be around Rs.450 crores. The redeveloped station would cater to 75,000 passengers every day, the Modi government said and added that it will improve the passenger experience by providing modern amenities.

Uni-directional passenger flow with effective segregation of arrival and departure.

Adequate parking facilities with unhindered pedestrian and vehicular movement.

State-of-the-art passenger information and display system.

Digital signage.

Added convenience with escalators, elevators, and walkways. It will also have executive lounges and luggage screening machines.

On the occasion, Minister of Railways Ashwini Vaishnaw said that PM Modi has totally “transformed” Indian Railways. “In the past 8 years, Hon’ble Prime Minister Narendra Modi has totally transformed Indian Railways,” Vaishnaw said.

Visakhapatnam Junction is a major railway station located in Visakhapatnam and is on the Howrah–Chennai main line. Till now, it is operated by East Coast Railway. In near future, it may be administered under the South Coast Railway zone by Indian Railways. It was founded in 1896 and was originally named the Waltair railway station. It was renamed Visakhapatnam in 1987.

In total, the Prime Minister dedicated to the nation multiple projects worth over Rs.10,500 crores in Andhra Pradesh’s Visakhapatnam.

Nowadays, in the country, Indian Railways (IR) is on a mission to redevelop old railway stations and give them a futuristic look. Interestingly, the design of the to-be redeveloped Ahmedabad Railway Station will be inspired by Modhera Sun Temple.

Arunachal inks pact with NHLML for infrastructure development

The Arunachal Pradesh government has inked a memorandum of understanding (MoU) with National Highway Logistics Management Limited (NHLML), an SPV of the National Highway Authority of India (NHAI) for infrastructure development in the state. The MoU was signed by state Transport department special secretary Parul Gaur Mittal and NHLML CEO Prakash Gaur in the presence of Union Road Transport and Highways Minister Nitin Gadkari and Chief Minister Pema Khandu in Guwahati. Announced in the Union Budget (2022-23) for construction of ropeways in hilly terrains across the country for connecting inaccessible areas, decongesting urban areas and to improve tourism in states, the national ropeway programme – ‘Parvatmala’ project, is being undertaken by the NHLML as the executing agency. The MoU is expected to bring effective implementation, development, construction, operation and maintenance of the identified projects. It would also lead to connect far-flung and serene places of Arunachal Pradesh to the mainstream, making them more accessible not only to the locals but will also help attract tourists in large numbers, the communique added.

PM Narendra Modi launches infra projects worth Rs.15,233 cr in Andhra Pradesh

Prime Minister Narendra Modi dedicated to the nation the Rs.2,917 crore U-field Onshore Deepwater Block project of ONGC in Andhra Pradesh. It is the deepest gas discovery project with a production potential of about three million metric standard cubic metres per day (MMSCMD). On the second day of his two-day tour of the state, the Prime Minister in all launched nine projects worth Rs.15,233 crore in virtual mode from the Andhra University Engineering College grounds and unveiled a plaque. Andhra Pradesh Governor Biswabhusan Harichandan, Chief Minister Y S Jagan Mohan Reddy, Union Railways and IT Minister Ashwini Vaishnaw, state ministers, MPs and legislators attended the event.

Modi dedicated the 39-km Narasannapeta to Pathapatnam section of NH-326A built at a cost of Rs.211 crore as part of the Srikakulam-Gajapati Corridor. The project would provide better connectivity to the backward areas of AP and Odisha. Modi laid foundation stone for the AP section of six-lane 100-km access-controlled greenfield Raipur- Visakhapatnam Economic Corridor of NH-130CD that will be built at a cost of Rs.3,778 crore. The Economic Corridor will provide faster connectivity between various industrial nodes of Chhattisgarh and Odisha to Visakhapatnam Port and Chennai – Kolkata National Highway.

It will also improve connectivity to tribal and backward areas of AP and Odisha. The project is expected to be completed by October 2024, with a provision for expansion to 10-lane in future. Among others, the PM laid the foundation stone for a dedicated Port road from Convent Junction to Sheela Nagar Junction in Visakhapatnam. The Rs.566 crore project will serve as a dedicated freight corridor for Visakhapatnam Port traffic and ease traffic congestion in the city.

The road will be completed by March 2025. The Rs.2,650 crore 745-km Srikakulam Angul Natural Gas Pipeline Project of GAIL, for which he laid the foundation, will have a capacity of around 6.65 MMSCMD. A part of the Natural Gas Grid (NGG), the new pipeline will create vital infrastructure for supply of natural gas to households, industries, commercial units and automobile sector in AP and Odisha. The pipeline will supply natural gas to the City Gas Distribution Network in Srikakulam and Vizianaga districts of AP.

The long-delayed modernisation of the Visakhapatnam Fishing Harbour will finally take-off as the Prime Minister laid the foundation for the Rs.152 crore project. The upgradation and modernisation will double the handling capacity from 150 to 300 tonnes per day and provide safe landing and berthing. The Prime Minister virtually inaugurated the Grass Root petroleum depot at Guntakal built by the Union Ministry of Petroleum and Natural Gas at a cost of Rs 385 crore. He also dedicated the Vijayawada-Gudivada-Bhimavaram, Gudivada-Machilipatnam-Bhimavaram-Narasapuram railway lines doubling and electrification project to the nation. The project was completed last month at a cost of Rs.4,106 crore.

SJVN bags another 83MW floating solar project in Madhya Pradesh

SJVN has secured 83 MW Floating Solar Project in Madhya Pradesh. This Project has been secured at Rs.3.70/unit on Build Own and Operate basis in a e-Reverse Auction (e-RA) organized by REWA Ultra Mega Solar Limited (“RUMSL”). SJVN will develop this project in India’s largest Floating Solar Park at Omkareshwar in District Khandwa, Madhya Pradesh. The cost of developing the Floating Solar Project will be approximately Rs.585 crore. After commissioning, the project will generate 187 million units in first year & 4410 million units over a period of 25 years. The commissioning of this Project is expected to reduce approximately 2,16,074 tonnes of carbon emission in 25 years. The Power Purchase Agreement (“PPA”) will be signed between RUMSL & SJVN for 25 years. The project shall be commissioned within a period of 21 months from the date of signing of PPA. SJVN is implementing this Project along with other Renewable Projects of 4090.5 MW capacity through its wholly owned subsidiary SJVN Green Energy Limited. SJVN is on a rapid expansion and capacity addition journey. With present portfolio of around 42,000 MW, the company is marching forward to achieve its Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW capacity by 2040.

Ashoka Buildcon receives provisional certificate for NHAI road project

Ashoka Buildcon Limited has informed the declaration of October 26, 2021 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (“NHAI”). As per the filing, the Project is “Construction of Four Laning of Tumkur – Shivamogga section from 12+310 (Design km 12+300) to km 66+540 (Design km 65+195) from Mallasandra to Karadi Village of NH-206 on Hybrid Annuity Mode, under NHDP phase-IV in the state of Karnataka (Package I)”. The Project is executed by Ashoka Mallasandra Karadi Road Private Limited (SPV), a Wholly Owned Subsidiary of Ashoka Concessions Limited, a Subsidiary of the Company. In addition to this, the company informed that consequent upon the declaration of CoD, the SPV is eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD.

The Company also announced that the said SPV has received a Provisional Certificate for completion of 34.730 KMs out of total Project stretch of 50.645 KMs.

Rail Vikas Nigam securing LoI from Ahmedabad Municipal Corporation

Rail Vikas Nigam Ltd (RVNL) received Letter of Acceptance (LoA) by Ahmedabad Municipal Corporation (AMC).

As per the filing, RVNL has been awarded contract for Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2 & 3 for which details of the contracts awarded are as under:

Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 2: Kharicut Canal Development Navyug School Canal Crossing to Nidhipark Society (Ch. 2500 – Ch. 5000) at an awarded cost of Rs.236 crore.

Development of Kharicut Canal (Between Naroda Smashan Gruh & Vinzol Vehla) in AMC area Pakage 3: Kharicut Canal Development Nidhipark Society to Odhav Fire Station (Ch. 5000 – Ch. 7600) at an awarded cost of Rs.248 crore.

International Road Federation to launch blockchain-based digital platform on road safety

Global road safety body International Road Federation (IRF) will soon launch a blockchain-based digital platform on road safety similar to CoWIN. The platform will have an integrated data related to road audits, enforcement, emergency care and insurance providers and connect users with road operating authorities, enforcement agencies and emergency service providers, IRF said in a statement. “The road safety digital platform will be like CoWIN (Covid vaccine intelligence network), a one-stop solution for all needs of road commuters,” it said.

It will contain login-based specific and secured information about road users, including their driving licence, safe driving scores, validity of licence, insurance policy, e-challan and penalties, if any, as well as vehicle details such as registration, challan and vehicle insurance, among others.

“The blockchain-based digital platform with mobile app will provide an end-to-end system, documenting each step of the road safety-related issues by integrating various databases through APIs (Application Programming Interfaces) and creating a unified user interface and customised role-based dashboards for the stakeholders,” IRF-India chapter president Satish Parakh said. According to data, the country witnesses some 5 lakh road accidents every year, killing around 1.5 lakh people and injuring over 3 lakh.

SJVN Thermal to receive Rs.8520 crore financing from REC, PFC, for Buxar power plant

SJVN Thermal Private Ltd. has signed an agreement with the state-owned REC Ltd. and Power Finance Corporation to receive funding totalling Rs.8,520.92 crore for the construction of a 1,320 MW thermal power plant at Buxar. According to a press release from the company, “REC Limited and Power Finance Corporation Limited (PFC) — Maharatna CPSEs under the ministry of power — have signed a memorandum of loan agreement with SJVN Thermal Private Ltd (STPL) for financing 2×660 MW coal-based Buxar Thermal Power Plant (BTPP). The overall projected project cost, according to the announcement, is Rs.12,172.74 crore, with an Rs.8,520.92 crore loan requirement. According to the agreement, REC and PFC will finance the debt requirement. In addition to other senior authorities, the agreement was signed in the presence of R S Dhillon, CMD of PFC, N L Sharma, CMD of SJVN, Ajoy Choudhury, Director of Finance for REC, and V K Singh, Director of Technical for REC. This is a fantastic cooperation for the growth of the power and energy sector, according to Vivek Kumar Dewangan, CMD of REC, who talked to ET. All parties involved will gain from this agreement over the long term. SJVN Thermal Private Limited is a fully owned subsidiary of SJVN Ltd, a central public sector organization of the Mini Ratna category that reports to the Union Power Ministry.

The STPL is currently working on the 2×660 MW supercritical coal-based Buxar Thermal Power Plant (BTPP), a greenfield project with the aim of enhancing the dependability of India’s eastern electrical sector and supplying power to the state of Bihar.

Prime Minister Narendra Modi had placed the project’s foundation stone.

GIC to invest Rs.1,045 crore in IRB Infra’s Ganga-Expressway road project

IRB Infrastructure Developers Ltd’s Ganga Expressway Project has completed equity raise of Rs.533.20 crore. Singapore based GIC Affiliates contributed Rs.261.29 crore and IRB Infra contributed Rs.271.90 crore. IRB Infra will hold 51% stake in the Project while GIC Affiliate will hold 49%. The Project is expected to complete private placement of NCD of Rs.138.65 crore to IRB Infra and GIC Affiliate soon subject to fulfillment of condition precedents.

The Company will also act as the Project Manager for implementing the project. As the Project Manager it will be receiving entire flow of consideration towards EPC and O&M Works for the Project, which will be in aggregate approximately Rs.10,459 crore (plus applicable taxes).

To re-iterate, Meerut Budaun Expressway, Ganga Expressway Group 1 Greenfield BOT Project is six lanes stretch of 129.700 Kms, expandable to eight lanes, between Meerut and Budaun in Uttar Pradesh, with the cost outlay of Rs.6,538 crore.

The project had achieved Financial Closure, where the Senior Lender had extended financial support of Rs.2,659 crore; IRB & GIC Affiliate have committed Equity and related infusion of Rs.2,133 crore and the Viable Gap Funding (VGF) from UPRs.EIDA is Rs.1,746 crore.

The Company had recently received Appointed Date from nodal agency, Uttar Pradesh Expressways & Industrial Development Authority (UPEIDA) to commence construction activity in full swing so as to meet the set timeline for completion and commissioning of the prestigious project for use of people of the State of Uttar Pradesh.

Dilip Buildcon receives appointed date for road project by NHAI

Dilip Buildcon Limited has informed that that ‘Sannur Bikarnakette Highways Limited’, wholly-owned subsidiary of the Company has received the appointed date letter from the National Highways Authority of India and had declared the appointed date as October 10, 2022.

As per the filing, the project is “Four lanning of Sannur to Bikarnakette Section from existing km 698.85 (design km 691+350) to existing km 744.190 (design km 736+362) of NH-169 under Bharathmala Pariyojana on Hybrid Annuity Mode in the state of Karnataka (Package II).” The bid project cost is Rs.1,137 crore and the estimated completion period is 24 months, the company said.

Dilip Buildcon gets Rs.702 crore LoA for Surat metro rail project phase 1

Dilip Buildcon Limited has received letter of acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) Limited for “Surat Metro Rail Project Phase-I (Pkg-CS-6)” in the state of Gujrat, order worth Rs.702.02 crore. As per the filing, the LOA is for “Construction of 8.702 kms elevated viaduct and 7 nos. stations (Excl. E&M, Architectural Finishing and Roofing) from Majura Cate (Ch. 9090 m) to Saroli Dead End (Ch. 17791.851 m) under conidor-2 in connection with Surat Metlo Rail Project Phase – I (Pkg-CS-6).” Further, the estimated completion period is 26 months, the company said in a filing.

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