Road sector revival: Projects being awarded at lower than reserve prices

download (2)Source: Business Standard, Apr 17, 2018

New Delhi: There has been an upswing in investors’ interest in engineering-procurement-construction (EPC) projects.They have bagged 80 per cent of those tendered last year by quoting rates lower than the reserve price.

These projects are expected to be completed in time because the clearances are in place. Investors are interested because the eligibility threshold to bid for such contracts has been lowered. The Union road transport and highways ministry had in January last year relaxed the eligibility criteria required to bid for them.

Read the rest of this entry »

Advertisements

NHAI inks pact for maiden Rs 1,177 cr global project

Source: IBEF.org, Apr 12, 2018

New Delhi: The National Highways Authority of India (NHAI) today inked a pact for its maiden international project, part of the India-Myanmar-Thailand Trilateral Highway.

India, Thailand and Myanmar are working on the about 1,400 km long highway that would boost trade, business, health, education and tourism ties among the three countries.”NHAI has signed an agreement for upgradation of Yagyi – Kalewa section in Myanmar to Two Lane with Earthen Shoulder. The agreement was signed today by NHAI with Punj Lloyd Ltd – Varaha Infra Ltd (JV),” the NHAI said in a statement.

Read the rest of this entry »

How road construction has helped North-East hit the fast lane of growth

download (4).jpgSource: The Hindu Business Line, Apr 02, 2018

New Delhi: The North-East, once regarded as a cul-de-sac because of poor accessibility and difficult terrain, is emerging as one of the fastest-growing regions for not only e-commerce firms but also transporters and logistic outfits.

Construction of roads seems to have fuelled demand as well as smoothed supply bottlenecks in the North-Eastern States.

Read the rest of this entry »

Modi’s ambitious $3 billion infrastructure fund NIIF finally takes off

Source: Financial Express, Mar 20, 2018

India’s first sovereign wealth fund NIIF has bought 90% stake in logistics firm Continental Warehousing in partnership with Dubai’s DP World, which is the first investment of the platform. This deal has got moving the plan of creating an investment platform for ports operations in India. The joint venture of NIFF and port operator DP World — Hindustan Infralog (HIPL) — will purchase the 90% stakes of Continental Warehousing (Nhava Sheva) Ltd for $400 million, ET reported.

“Hindustan Infralog Private Limited (HIPL)… announces the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL),” the company statement in a statement. The purchase consideration is less than 5% of DP World’s net asset value as of the financial year 2017.

Read the rest of this entry »

India & Indonesia seek to deepen infrastructure ties with eye on maritime sector

Source: The Economic Times, Mar 19, 2018

India and Indonesia on Monday held their first ever infrastructure meet including in maritime sector amid push by both countries to increase their partnership in the Indo-Pacific region.

The 1st India Indonesia Infrastructure Forum (IIIF) was organised by the Embassy of India, jointly along with the Coordinating Ministry for Maritime Affairs in Jakarta. The event was jointly inaugurated by Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs, Budi Karya Sumadi, Minister of Transportation along with Ambassador of India to Indonesia Pradeep K Rawat.

Read the rest of this entry »

Road infrastructure firms witness surge in order inflow in current quarter

download (2)Source: Business Standard, Mar 14, 2018

Road infrastructure companies are headed for a brighter future, given the surge in order inflow. IRB Infrastructure bagged two Hybrid Annuity Model (HAM) projects in Tamil Nadu worth Rs 34.9 billion on Wednesday. Dilip Buildcon, Sadbhav Infrastructure Projects, KNR Constructions and Ashoka Buildcon have also seen good order inflow.

Though the first nine months (April-November) of 2017-18 saw muted order book growth, there has since been a spurt in theses from National Highways Authority of India (NHAI) and other government projects. Most big construction entities surpassed their FY17 orders in the first 11 months of FY18, say analysts at Kotak Institutional Equities.

Read the rest of this entry »

Network length of metro to cross 700 km in few years: Minister

Source: The Hindu Business Line, Mar 06, 2018

New Delhi: With many cities planning to have metro rail, the network in the country is is expected to cross 700 km in the years to come, said Hardeep Singh Puri, Minister for Housing and Urban Affairs.

Puri, who was speaking at the inaugural session of the Communities of Metros (COMET), said, “From a humble beginning of just 8 km in 2002, 425 km of metro lines are operational as of now in 10 different cities across the country. In the next few years, the network length is expected to cross 700 km”.

Read the rest of this entry »