Hyderabad Metro, the largest PPP metro project, has become a big success

Source: Financial Express, Oct. 15, 2018

New Delhi: The Hyderabad Metro Rail Ltd (HMRL), touted as the largest Metro project in the world to be implemented in the public-private partnership (PPP) mode, has put to rest questions about its viability, clocking a daily ridership of two lakh per day, as against estimates of 60,000 passengers a day. The city’s response to the mass transit system has also raised the likelihood of the project breaking even in the next six-seven years.

L&T Metro Rail (Hyderabad) Ltd (L&TMRHL), the concessionaire for Phase I of the project, expects to complete 66 km of the total 72-km elevated network by mid-2019 – there is some uncertainty at present about the leftover stretch, with talk doing the rounds that the Telangana government would like to execute it in place of the concessionaire.

A 16-km stretch between Ameerpet and L B Nagar was operationalised late last month, completing Corridor One that extends from Miyapur to LB Nagar (29 km). In November, 2017, Prime Minister Narendra Modi had commissioned a 29-km network across two corridors. Read the rest of this entry »

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Japanese experts to help Indian architects develop 12 bullet train stations

Source: Business Standard, Oct 14, 2018

New Delhi: Japanese consultants will join hands with Indian architects to develop the 12 proposed bullet train stations and its adjoining areas in an integrated way.

In a meeting with senior officials of Mumbai Metropolitan Region Development Authority and Gujarat’s Urban Development and Municipal Commissioners, it was decided to take the help of Japanese experts in developing the areas around the stations — connecting them to bus, metro and other forms of transportation, a senior Indian Railways official in the know told IANS.

The 12 proposed stations on the Mumbai-Ahmedabad high speed train route are: Bandra Kurla Complex, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Baroda, Anand, Sabarmati and Ahmedabad. Read the rest of this entry »

Infra developers to get railway land, airspace on 99-year lease

Source: LiveMint.com, Oct 04, 2018

New Delhi: The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved granting long leases of up to 99 years for land and airspace in and around railway stations to infrastructure developers in lieu of station redevelopment.

Several big real estate firms such as Tata Realty, Shapoorji Pallonji, Reliance Infrastructure, Larsen and Toubro, and Essel Infraprojects have been insisting on long leases for undertaking station redevelopment.

Station redevelopment is one of the most ambitious projects of the Modi government, under which 400 A- and A1-class stations are planned to be revamped by monetizing 2,700 acres of prime railway land. However, the project has been facing problems because of policy flip-flops, and strict terms and conditions. Read the rest of this entry »

Cabinet clears the decks for Rs 1-trn railway station modernisation plan

Source: Business Standard, Oct. 03, 2018

New Delhi: The Union Cabinet on Wednesday cleared a new railway station redevelopment policy for modernising railway stations. The Indian Railway Stations Development Corporation (IRSDC) has been made the nodal agency for redevelopment projects and the lease period for them has been increased to 99 years.

“IRSDC will be the nodal agency for station redevelopment now. It will take up a project based on its suitability,” said Union Minister for Electronics and IT Ravi Shankar Prasad, addressing a press conference on Wednesday.

The government has already lined up 600 railway stations for an investment of about Rs 1 trillion. Instead of zone-wise and station-wise allotment of projects, railways would now take a cluster approach as part of the new policy. Being the nodal agency, IRSDC will have more financial freedom, including the ability to raise money from the market. The company is planning to come up with an engineering, procurement and construction (EPC) model for this. Read the rest of this entry »

Russian Sovereign Fund to invest in Indian infrastructure

Source: The Economic Times, Oct 03, 2018

Russian Direct Investment Fund or commonly known as RDIF – Russia’s sovereign wealth fund (with reserved capital of $10 billion) has been increasing its footprints in India steadily eyeing to boost infrastructure funding. It was RDIF that along with DP World and Government of India co-founded National Investment and Infrastructure Fund (NIIF). In a wide-ranging interview Kirill Dmitriev, CEO, RDIF tells ET’s Dipanjan Roy Chaudhury that RDIF will sign two key deals at this annual summit on Friday – one deal with NIIF to jointly invest in port and logistics; second deal — joint investment in mineral fertilisers. Read the rest of this entry »

BRICS bank awards $525-million loan to Madhya Pradesh for infra projects

download (5).jpgSource: Business Standard, Sept 20, 2018

Bejing: The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.The Board of Directors of the NDB on Wednesday approved a $350-million loan for the Major District Roads Project II of Madhya Pradesh and $175 million for building and upgrading 350 bridges.

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30 new airports to come up in 15 mths, country’s 100th coming up in Sikkim

download (4).jpgSource: Business Standard, Sept 21, 2018

Bhubneswar: As many as 30 new airports are likely to come up in the country in next 15 months as Prime Minister Narendra Modi is set to inaugurate the country’s 100th airport at Pakyong Airport in Sikkim later this month.

“The new airports will be in addition to 100 airports already operational. Airports Authority of India (AAI) will develop the airports jointly with the state governments under UDAN scheme. The investment at each airport will come around Rs 300 million to Rs 800 million,” said AK Pathak, member (planning), AAI.

In addition, about 31 new helipads will be developed as the bids were received for providing helicopter services also under the UDAN (Ude Desh Ka Aam Nagrik) scheme, he added.

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