Tag Archives: National Highways Authority of India

HCC wins Rs 1,534 cr contracts including 10.2 km tunnel in J&K

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, National Highways Authority of India, NHAI, Road Transport and Highways MinistryHindustan Construction Company (HCC) today said it has bagged two major contracts worth Rs 1,534 crore in various business segments including one in Jammu & Kashmir for construction of a tunnel.

“The first order is for the construction of a 10.2 km tunnel on the Udhampur-Srinagar-Baramulla railway line in Jammu & Kashmir…This contract is worth Rs 884 crore and will be completed in 60 months,” HCC said in a statement.

The tunnel contract on the Dharam-Qazigund Section in the state has been given to HCC by IRCON International Limited, which is engaged in constructing the Udhampur-Srinagar- Baramula railway line, the company said.

This will be the second largest tunnel in India after the 10.96 km long Pir Panjal Tunnel between Qazigund to Banihal in Jammu and Kashmir, which has also been built by HCC. The tunnel is nearing completion.

“The second is an EPC (engineering, procurement and construction) order for expansion of a section of the National Highways-8 between Vadodara and Surat, which also includes the construction of an extradosed bridge across River Narmada,” the company said.

The order, with a value of Rs 650 crore, is a contract from HCC Concessions, a step down subsidiary of HCC.

This contract was awarded to HCC Concessions by the National Highways Authority of India in April this year for the six-laning of a section of NH-8 between Vadodara and Surat, the statement said.

The scope of work also includes the construction of a new four-lane extradosed bridge across the Narmada River in Gujarat on a DBFOT (design, build, finance, operate and transfer) (Toll) basis, it added.

Work has already commenced on this project, and is scheduled for completion in 36 months.

The company claimed it has executed a number of India’s landmark infrastructure projects.

This included constructing 25 percent of Hydel Power generation, over 50 percent of country’s Nuclear Power generation capacities, over 3,100 lane km of Expressways and Highways, more than 200 km of complex Tunneling and over 324 Bridges.

HCC’s other projects include the Bandra Worli Sea Link, Mumbai – India’s first and longest open sea cable-stayed bridge; the Kolkata Metro, Farraka Barrage and India’s largest nuclear power plant at Kudankulam – Tamil Nadu, it said.

The group, which comprises HCC, HCC Infrastructure, HCC Real Estate, Lavasa Corporation and Steiner AG in Switzerland, has a turnover of Rs 8,157 crore.

Infra sector requires more public, private projects: Saugata Ray

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, National Highways Authority of India, NHAI, Road Transport and Highways MinistryGreater public and private participation is required in sectors such as railways, ports and power as India looks at investing USD 1 trillion in infrastructure over the next five years, Minister of State for Urban Development Saugata Ray has said.

Besides, he said, urban development projects have not been able to get a strong response based on Public-Private- Partnership.

Although PPP is happening in sectors like telecom, ports and roads, lot of other segments need greater attention, the minister added.

“India’s basic infrastructure was ranked at 86th in the global competitive report 2010 by the World Economic Forum. So, we have a long way to go. There is a potential for PPP to contribute more and help bridge the infrastructure gap in sectors like ports, roads, railways and power,” Ray said.

He was speaking at the “2nd Regional Conference on Infrastructure Management” organised by CII and CBRE.

“We are envisaging PPP in urban development but the response has not been encouraging except in solid waste management,” he said.

The minister also cited the example of development of Delhi Metro and other big airport projects through PPP mode.

Ray said presence of large scale skilled manpower makes India an important player in infrastructure management.

Delhi Mumbai Industrial Corridor (DMIC) CEO Amitabh Kant said that to accommodate the increasing population in the urban areas, comprehensive planning of cities are required with the help of private players.

Citing example of the government’s ambitious USD 100 billion DMIC project, which aims to create world class infrastructure, Kant said they have involved best experts from the world for the proposed smart cities in the DMIC.

These world-class cities would have self-sustainable habitats with minimal pollution levels, maximum recycling, optimised energy supplies and efficient public transportation. Government has planned seven such cities in the DMIC.

He said to develop infrastructure in the DMIC, both public and private participation is needed. But added that the government have to provide the basic infrastructure to attract private players.

“We are working with best master planners for the cities. CISCO and IBM are working with us,” he said.

CBRE South Asia Chairman and Managing Director Anshuman Magazine said that although the country’s infrastructure is gradually improving, managing and maintaining it is a big question.

Recently, for instance, services of Delhi Airport Metro Express, implemented under the PPP mode, were suspended on technical grounds.

Besides, CAG has raised concerns over the Delhi Airport project, implemented by GMR-led DIAL, for alleged deviations from the signed contract.

Atlanta bags order worth Rs 10435.1 mn

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, National Highways Authority of India, NHAI, Road Transport and Highways MinistryMumbai-based infrastructure and real estate firm, Atlanta in consortium has bagged around Rs.10435.1mn order from National Highway Authority of India (NHAI), the flagship road building programme of the Ministry of Transport and Highways.

Atlanta along with a Joint Venture partner Essar Projects has bagged the order for four laning of Lucknow-Sultanpur road widening project of around 126 kilometres in Uttar Pradesh. The project has a concession period of 23 years, which includes two-and-a-half years of construction time and is based on Public Private Partnership (PPP) mode on Design, Build, Finance, Operate & Transfer (DBFOT) basis. The debt equity ratio is proposed at 3:1.

“We expect to bag additional road project orders worth Rs.20 bn in this fiscal,” said Rajhoo Bbarot, MD, Atlanta. He declined to divulge details of the fund raising.

A total of 34 players, including Gammon Infrastructure, L& T Infrastructure, HCC Concessions and IL&FS Transportation, had shown interest in the project.

Atlanta has registered a cumulative revenue growth of 30% during the last two years. The current order book of Rs.1,950 crore is seven times its FY11 sales, while the average execution cycle is three years. This gives good visibility of revenues for the coming three years.

Atlanta recently secured an order of 117 km Mohania-Ara for Rs.9170 mn in Bihar and another one in Punjab for Rs.2200mn. The Bihar project entails four laning of Mohania-Ara section on National Highway 30 under the public-private-partnership mode for a length of 117 km.

Currently Atlanta has two operational road projects. First is Mumbra bypass on NH 4 and the second is Nagpur Kondhali on NH 6. Other than this it is pre-qualified for projects worth Rs.400bn. So far, the company has done 225 lane kms and 600 lane Kms are in pipeline.

Atlanta’s focus areas for EPC business comprise highways, bridges, railways, and other urban infrastructure projects across the country. It has over 3 decades of experience in Engineering, procurement, Construction (EPC) and Realty.

Atlanta is credited with successfully commissioning India’s first Greenfield BOT project on National Highways – Udaipur Bypass within the record time of 18 months as against stipulated time of 36 months. Atlanta has already developed three projects on DBFOT basis on Public private partnership basis.

NHAI for realty development to attract expressway bids

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, National Highways Authority of India, NHAI, Road Transport and Highways Ministry, Kamal NathWhile the land acquired by the Uttar Pradesh Government along the Expressway has snowballed into a political slug fest, the National Highways Authority of India (NHAI) still believes that is the way to go. The NHAI is planning to follow the Uttar Pradesh model for developing expressways.

Requesting anonymity a senior NHAI official said they were discussing the model, of offering longer concession periods and land pockets for real estate development along an expressway.

The Union Road Transport and Highways Ministry under Kamal Nath had proposed to build a huge network of expressways by 2022, also the final year of the 13th Five-Year Plan. However, the plan could not take off because of the paucity of funds. Hence the NHAI is mulling over this idea.

“As a matter of policy, we had decided to build expressways only through private participation. Building one km of expressways will cost around Rs.55 crore. It would require incentives to attract private participation,” said the official.

The UP Government has announced plans to build expressways across the state. Their developers get a longer concession period and pockets of land to develop townships. One such project, the Yamuna Expressway to connect Greater Noida to Agra, being built by the Jaypee Group, saw a lot of resistance from farmers on the terms of government acquisition. NHAI feels their projects would not see such resistance, as they’d allow the concessionaire to acquire land directly from the farmer.

“We have never faced any such resistance while acquiring land. These disputes are also political. We are planning to ask the private developers to acquire land from farmers directly, to avoid any kind of dispute at a later stage,” the official said. He said the concessionaire would also be allowed to decide on the alignment of the project, making their work easier.

The idea has not found much favour among highway developers. “This idea may look good on the paper but not on the ground. Land has become a sensitive issue and developers are facing problems even with Government backing. The investments in building expressways would be huge and one would not like to risk it,” said a Delhi-based developer who has suffered huge loss at the Noida Extension.

In the sixth phase of the National Highways Development Programme, NHAI had planned to build 1,000 km of expressways, and had identified a few stretches, including Vadodara-Mumbai, Delhi-Meerut, Kolkata-Dhanbad and Bangalore-Chennai.

The Government also wanted to form an expressway authority on the lines of NHAI but that plan did not proceed.