Metro companies will have to buy 75% coaches, 25% equipment made in India

Source: Business Standard, Apr 23, 2017

It is now mandatory for the metro rail companies to procure minimum 75 per cent of train cars and 25 per cent of critical equipment from within the country, a norm made compulsory under the ‘Make in India’ campaign.

The Urban Development Ministry has incorporated these mandatory conditions in the metro companies’ tender documents which have been circulated to them, making the new norms effective immediately.

At present, it is not mandatory for the companies to procure metro train cars manufactured in India.Minimum 75 per cent of the tendered quantity of metro cars should be manufactured indigenously for which the suppliers may either establish independent manufacturing facility in India or partner with Indian manufacturers, provided the procurement is more than 100 cars, as per the new tender document.

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States can borrow directly from foreign agencies for infra projects

Source: Business Standard, Apr 20, 2017

New Delhi: The Union Cabinet has approved new rules to allow financially sound state government entities to borrow directly from other countries which give Official Development Assistance for major infrastructure projects.

In such cases, the state government concerned will give a guarantee and the Centre will provide a counter-guarantee. Read the rest of this entry »

Rs 10 trillion umbrella road project to subsume National Highways Development Project

Source: Financial Express, Apr 18, 2017

New Delhi: The ambitious Rs 10 lakh crore umbrella programme for roads, Bharatmala, will subsume the National Highways Development Project (NHDP), implemented by the then Atal Bihari Vajpayee government in 1998. This may be one of the last mega projects of the BJP government before it seeks public mandate in 2019, besides being the second-largest highway project after the NHDP that saw development of about 50,000 km of NHs as per global standards.

The Prime Minister’s Office, earlier this month, after going through a presentation of the ambitious Bharatmala project has asked for Public Investment Board’s (PIB) clearance to the first phase of the project, a government official told PTI. Read the rest of this entry »

Government awards 49 port projects worth Rs 8,341 crore in FY17

Source: The Economic Times, Apr 17, 2017

NEW DELHI: The government awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT.

This was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

“In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an investment of Rs 8,341.12 crore during the last fiscal,” Shipping, Road Transport and Highways Minister Nitin Gadkari told PTI. Read the rest of this entry »

Essar plans Rs 10,000 crore port in Gujarat

download (6)Source: Business Standard, Apr 06, 2017

Ahmedabad: Essar Ports Ltd, a leading port operator in the country with a current capacity of 140 million tonnes per annum (mtpa), is planning to build a Rs 10,000 crore greenfield commercial port in Gujarat’s Dwarka, a senior company official said. Besides, with its modernisation project at its Vishakhapatnam port likely to be completed by September, the company also expects 50 per cent growth in cargo from the port.

Rajiv Agarwal, CEO and managing director of Essar Ports Ltd confirmed that the company has signed a memorandum of understanding (MoU) with Gujarat Maritime Board (GMB) which administers and regulates the 41 state-owned non-major ports of Gujarat during the Vibrant Gujarat Summit in January this year.

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Nitin Gadkari announces Rs 40,000 crore expressway project in northeast

download (1)Source: The Economic Times, Apr 05, 2017

GUWAHATI: The first express highway project in the northeast region will be developed along the Brahmaputra river in Assam at an estimated investment of Rs 40,000 crore, Union Road Minister Nitin Gadkari said today.

“Northeast is our priority. We are going to develop the first express highway of North East in Assam along the banks of Brahmaputra. This 1,300 km-long express highway is likely to incur an investment of Rs 40,000 crore,” Gadakari said.

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MEP eyes Rs 10,000-cr projects after landing 6 national highway contracts

download (1)Source: Business Standard, Apr 03, 2017

New Delhi: MEP Infrastructure Developers is eyeing Rs 10,000 crore worth of contracts to be tendered by the end of the year. The company already has six of the 17 national highway projects that have so far tied up all funds after being bid out on the hybrid annuity model (HAM).Jayant D Mhaiskar, vice-chairman and managing director of MEP Infrastructure, told Business Standard that these six projects have been bagged by the company since the government started bidding highway contracts on the basis of HAM.

The highway contracts that are in the states of Maharashtra and Gujarat would be commercially operational in the third and fourth quarters of 2019.

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