Dilip Buildcon bags Rs 730 cr road project from NHAI

download (2).jpgSource: The Hindu Business Line, Jan 18, 2018

New Delhi: Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs. 730 crore in Madhya Pradesh from NHAI. “The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for an engineering, procurement and construction (EPC) road project in Madhya Pradesh,” Dilip Buildcon said in a BSE filing.

The project is for construction of four laning from km 624.480 to km 653.225 (delinked stretch of Seoni-MP/MH border) of NH-7 in Madhya Pradesh.Shares of Dilip Buildcon were trading 1.32 per cent higher at Rs. 973 apiece on the BSE.

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10 more Smart Cities to be announced soon: Hardeep Puri

Source: The Economic Times, Jan 16, 2018

The names of 10 more cities to be funded under the Centre’s flagship Smart City Mission will be announced soon, Union Minister Hardeep Singh Puri said today.

The housing and urban affairs ministry has till now announced the names of 90 cities that the government aims to help under the scheme.

Under the scheme, each city will get Rs 500 crore as central assistance for implementing various projects.

“The Smart Cities Mission is progressing at a brisk pace. Ninety cities have been selected so far.

The selection of 10 more cities will be announced shortly,” Puri, the Minister of State (Independent Charge) for Housing and Urban Affairs, said at an event here.

He said there were about 3,000 projects worth Rs 1,40,000 crore at various stages of implementation under the scheme.

NHAI issues EPC contract for highway project linking India, Myanmar, Thailand

download (1)Source: LiveMint.com, Jan 09, 2018

Kolkata: Four months after identifying the successful bidder, the National Highways Authority of India (NHAI) issued the letter of award to Punj Lloyd and Varaha Infra joint venture last week for the construction of a two-lane highway in the Kalewa-Yargi section of the proposed India-Myanmar-Thailand (IMT) Trilateral Highway.

The highway will connect India with Thailand through Myanmar, the only ASEAN country that shares land border with India. With $70-billion trade, ASEAN is India’s fourth largest trading partner.

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National logistics plan kicks off; division set up in commerce department

Source: The Economic Times, Jan 09, 2018

India has kicked off an ambitious national logistics plan to allow seamless movement of inputs and finished goods across the country. Through the plan, the government aims to come out with the most cost-effective method to transport goods till 2035 to provide a competitive edge to the Indian industry.

In a first-of-its-kind move, the newly setup logistics division in the commerce department is in talks with logistics providing ministries of railways, roadways, shipping, inland waterways and civil aviation besides the logistics using ministries including food processing, coal and mines to chalk out the plan.

“We are making the plan without intruding in others’ territory. The idea is to have various means of transport to complement each other and not compete,” said a commerce department official. Various industry estimates have put the size of the Indian logistics market at $100-125 billion and growing at 5% per annum. However, Indian logistics costs are said to be one of the highest in the world at almost 13% of the gross domestic product.

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Rail station development plan to get a makeover

Source: Business Standard, Dec 27, 2017

New Delhi: The Ministry of Railways is set to approach the Cabinet in January to overhaul the Rs 1-lakh-crore station redevelopment plan that would increase the lease period for a developer to 99 years. The move, which would give the real estate sector a boost, would also give more financial independence to Indian Railway Stations Development Corporation (IRSDC) and the Rail Land Development Authority (RLDA), including powers to raise money from the markets for station redevelopment.

“The ministry is floating a Cabinet note for inter-ministerial consultation to take the opinion of the finance and law ministries. We expect the policy to be cleared by the second half of January,” said a source close to the development. The government had gone ahead with the decision to overhaul the station redevelopment policy despite lukewarm response from industry for a tender floated for 23 stations. Industry majors such as the Tata group, Shapoorji Pallonji group, GMR, the Essel group and L&T had raised their concerns over the terms of the policy with Railway Minister Piyush Goyal in October. Read the rest of this entry »

Govt to invest Rs 25,000-cr to link highways to international trade points

Source: Business Standard, Dec 25, 2017

New Delhi: To facilitate trade with bordering countries like Nepal and Bangladesh, India will link its major highway corridors to international trade points at a cost of Rs 25,000 crore, Union Minister Nitin Gadkari said.

About 2,000 kms of highways will be constructed under the plan.

“About 2,000 kms of highways will be constructed to link major highways corridors to international trade points,” the road transport and highways minister told PTI. Read the rest of this entry »

Indian Railways now has a Rs 12,000-cr plan to make your travel safer

Source: Business Standard, Dec 17, 2017

New Delhi: The Indian Railways has cleared a Rs 12,000-crore proposal to equip electric locomotives with the latest European train protection system.At its meeting on December 15, the Railway Board cleared the proposal to equip 6,000 electric locos with European Train Control System (ETCS) Level-II to help drivers – or pilots — to prevent rail mishaps, a senior Railway Ministry official told IANS.

Besides, the Board also decided to install the ETCS Level-II system on the entire 9,054 km-long Golden Quadrilateral route connecting the four metros to make it a fully accident-free corridor.

The entire project to ensure ETCS Level-II compliance is expected to cost around Rs 12,000 crore.There are cases where accidents occur due to error of locomotive pilots who generally have to work in very stressful conditions.

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