Nagpur Metro to be part of India’s first four-layer transport system

Source: LiveMint.com, Nov 08, 2019

The city of Nagpur will get to see an engineering marvel soon after a proposal by Nagpur Metro for flyover and Metro route at Kamptee Road has been cleared by National Highway Authority of India (NHAI).20191111-6

The proposal of constructing a four layer transport system was given an unconditional clearance by NHAI which amounts to a total of ₹573 crore.

The proposed four-layer structure, will come up on Kamptee Road of Nagpur.The structure is part of Reach-II segment of Nagpur Metro Rail Project which stretches from Sitabuldi Interchange Metro Station to Automotive Square Metro Station.

The total length of the via-duct in Reach-II stretches to 7.23 km. The total length of fly-over to be constructed is 5.3 km.

NHAI nod has thus paved way for construction of country’s first 4 layer transport system in Nagpur.

The Nagpur Metro network, work on which started in June, 2015, consists of two corridors with a total length of 38 kilometres.

The two corridors of Nagpur Metro will have 38 stations, two depots and a fleet of 69 metro cars, including a special “nari shakti” women’s coach in each train.

The Nagpur metro is one of the greenest metro in the country with 65% of its electricity consumption is generated from a solar metro according to senior official of Nagpur Metro.

The first phase of the Nagpur metro railway was flagged of by Prime Minister Narendra Modi off the inaugural run of the 13.5 km from Khapri to Sitabuldi route via video link.

Lack of safety regulator slows down ambitious Pune-Mumbai Hyperloop project

Source: LiveMint.com, Nov 04, 2019

MUMBAI : The ambitious Pune-Mumbai Hyperloop project that seeks to become the first operational high-speed Hyperloop line in the world is faced with a regulatory problem. More precisely, it is yet to find a regulator for itself, who can oversee construction and safety aspects as it races to beat cities like New York, Abu Dhabi and Mexico City that are also working to build their own lines.

In 2018, the Maharashtra government approved Virgin Hyperloop One-led consortium’s plans to develop a high-speed line between Mumbai and Pune. To be sure, Hyperloop is a 20191105-5still-untested mode of transportation, based on an idea mooted by billionaire entrepreneur Elon Musk. It involves building a near-perfect vacuum tunnel or tube, a railway track and a vehicle that floats above the track on magnetic levitation. A payload—passengers or cargo—accelerates through electric propulsion and gains speed due to extremely low friction.

Given the complex dynamics, experts say that the project currently falls in the domain of both train and air travel because, while passengers will travel on rails like in a conventional train but they will do so in a high-speed near-vacuum environment also making it aerospace travel.

Virgin Hyperloop One, which is advising the Indian project, estimates that the top speed for a passenger vehicle or light cargo will be 1,080km per hour which is 2-3 times faster than high-speed rail and magnetic levitation trains, and 10-15 times faster than traditional rail. If the technology can prove itself, Hyperloops might one day become the fastest transit option with the lowest fuel (electricity) consumption rates. The Pune-Mumbai line, which will be roughly 150km long, will run from the Bandra-Kurla Complex commercial centre in Mumbai to Wakad, a suburb of Pune. It can shrink the travel time between the two cities to under 30 minutes, instead of the 3.5-hour drive that it currently is.

“There are a few different processes through which the Hyperloop project can be regulated.

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ADB to give $451 mn for Chennai-Kanyakumari Industrial Corridor power links

Source: Business Standard, Nov 04, 2019

New Delhi: The Asian Development Bank on Monday said it will provide a $451 million (about Rs 3,200 crore) loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

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The total cost of the project is $653.5 million, of which the government will provide $202.5 million, the Manila-headquartered multilateral agency said in a release.

The estimated completion date is the end of 2024.

“The ADB project will allow more power, including renewable energy, to be transferred from new generation facilities in the south CKIC to the north, where it is most in demand,” said ADB Principal Energy Specialist for South Asia Pradeep Perera.

The project will help promote economic development by delivering a more reliable and competitive power supply for industry and services in the state, which will in turn spur jobs and improve livelihoods, it added.

ADB has been assisting in developing CKIC, which covers 23 of the state’s 32 districts and 70 per cent of the state population.

According to the release, the project will establish an extra-high voltage 765-kilovolt (kV) transmission link to transfer the 9,000 MW of extra capacity from Virudhunagar in the southern CKIC northwards to Coimbatore, a major industrial center, and Chennai.

The project includes construction of a 400-kV network to pool power generated at renewable and thermal power plants in Thoothukudi district to Virudhunagar.

NHAI terminates concession pacts of 2 IRB Infrastructure road projects

Source: The Hindu Business Line, Nov 03, 2019

Mumbai: The NHAI has terminated the concession agreements of two Special Purpose Vehicles (SPVs) of highways infrastructure developer IRB Infrastructure.

20191104-3In a filing to the exchanges on November 2, IRB Infra, which recently got ₹4,400-crore investment from Singapore sovereign wealth fund GIC, said the authority has terminated concession agreements to its two SPVs — IRB PP Project Pvt Ltd and IRB PS Highway Pvt Ltd.

The SPVs had bagged Hybrid Annuity Model projects for 4-laning of Puducherry-Poondiyankuppam and Poondiyankuppam-Sattanathapuram highways.

IRB, however, did not comment on the reasons for the projects getting terminated.

The concession period for both the projects were 15 years after completion of the four-laning. During a concession period, the concessionaire pays an annual concession fee to NHAI from the revenues generated.

A typical commercial contract usually contains a mechanism for exiting or terminating the contract, in the eventuality of not obtaining clearances within specific timelines. In this case, reliable sources told BusinessLine that the NHAI failed to obtain land-related clearances from the Tamil Nadu government. Recently, KNR Constructions’ project in TN worth ₹450 crore project got terminated, as the NHAI failed to acquire land.

The quantum of negative cash flow from the cancellation of the two projects on IRB’s balance sheet is not clear. IRB has ₹25,757-crore of Build Operate Transfer (BOT) assets, up from ₹22,085 crore in fiscal 2019.

In the September-ended quarter recently, IRB said the Ahmedabad-Vadodara project received award from High Court for continuation of relief from payment of premium to NHAI till the outcome of proceedings under arbitration comes through, thus eliminating negative cash-flow for the project.

Railways to implement ₹18000-cr project to run trains at 160 kmph

Source: LiveMint.com, Oct 22, 2019

NEW DELHI: The railways will implement a ₹18000-crore project to operate trains at a speed of 160 kmph on the busy Delhi-Mumbai and Delhi-Kolkata routes by upgrading infrastructure, Railway Board Chairman V K Yadav said on Tuesday.

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Once the project begins, it will take at least four years to complete, he said after inaugurating the International Rail Conference-2019 and the 13th International Railway Equipment Exhibition.

The events have been organised by the Confederation of Indian Industry (CII) in association with the Railways at Aerocity here.

The railways’ target is to operate high speed trains in two categories — at 160 kmph on the Delhi-Mumbai and Delhi-Kolkata routes, and up to 320 kmph under the ongoing bullet train project between Mumbai-Ahmedabad.

Currently, the average maximum speed of trains on various routes is 99 kmph and the recently introduced Delhi-Varanasi Vande Bharat Express touches an average speed of 104 kmph on the Delhi-Kanpur section.

The upgrade of infrastructure to operate trains at 160 kmph includes fencing, upgrade of track and signalling, and elimination of unmanned level-crossings, according to the Railway Ministry.

The railways is in a “transformation mode” and “is in the process of modernisation”, Yadav said, adding that as part of this, the 68000-km broad-gauge track network will be electrified in the next three years.

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Adani Group sets up firm to handle metro rail projects

Source: Financial Express, Oct 22, 2019

The Adani Group has set up a wholly-owned subsidiary for building and construction of metro railways. The company has authorised share capital of Rs 5 lakh and paid-up share capital of Rs 1 lakh. The subsidiary, incorporated on October 17, is yet to commence
operations.

20191023-3“The company has incorporated a wholly owned subsidiary for the business of building, construction of transportation facilities like metro and mono rail segment, rapid rail transit system and engineering, procurement and construction,” Adani Group said in an exchange filing.

The Adani Group had reportedly shown interest in participating in metro rail projects across several cities. The group had reportedly committed around Rs 5,000 crore investment into metro railways during an investors summit in Uttarakhand last year. An email sent to Adani Enterprises on Friday went unanswered until press time.

Last month, Adani Enterprises also registered multiple companies to operate and maintain multiple airports across cities including Ahmedabad, Jaipur, Lucknow, Mangaluru and Guwahati. In February, the Adani Group emerged as the highest bidder for six airports run by the Airports Authority of India in cities including Lucknow, Jaipur, Guwahati and Thiruvananthapuram. Adani Enterprises also has three road projects and one water project under the hybrid annuity model.

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360 infra projects show cost overruns of Rs 3.88 lakh cr

Source: The Economic Times, Oct 20, 2019

New Delhi: As many as 360 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.88 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of these 1,608 projects, 360 reported cost overruns and 550 time escalation.

“Total original cost of implementation of the 1608 projects was Rs 19,17,796.07 crore and their anticipated completion cost is likely to be Rs 23,05,860.33 crore, which reflects overall cost overruns of Rs 3,88,064.26 crore (20.23% of original cost),” the ministry’s latest report for June 2019 said. Read the rest of this entry »