Posts by Rouhan Sharma
First of its kind supercommunication expressway, the Nagpur, Mumbai eway, fraught with challenges; here is how
Also called the Prosperity Corridor, at a length of 700 km, construction of the Nagpur-Mumbai expressway is fraught with challenges.
A strong government push, specifically on roads and urban infrastructure, coupled with improving execution has resulted in more than a doubling in order inflows over FY15 to FY17 for engineering, procurement and construction (EPC) focused companies, according to analysts at Credit Suisse.
Fisherfolk whose livelihood are impacted by the Mumbai Trans Harbour Link (MTHL) will receive a one-time compensation fee of Rs 5,68,000 per family.
Bankers seem to be warming up to the road projects under the hybrid annuity model (HAM) with 22 projects among 43 awarded by the National Highways Authority of India (NHAI) achieving financial closure.
Bandra-Kurla Complex turning into India’s most happening business cum leisure hub; MMRDA set to add to it Rs 1,000 cr road project boost
One elevated road will stretch from Dharavi to the Bandra Worli Sea Link cutting through the mangrove forest; in addition, two flyovers of two lanes each will run from the sea link into the complex.
Infrastructure road block: Rs 18,000 cr of highways projects slip behind schedule; lack of clearances blamed
As many as 22 road projects worth Rs 18,300 crore, awarded between July 2015 and October 2016, have slipped behind schedule.
The Maharashtra government’s plans to acquire land for the proposed Nagpur-Mumbai expressway may have hit a roadblock with farmers in the districts of Bhiwandi, Kalyan and Thane not having given their consent so far.
ICICI Bank-backed infrastructure debt fund India Infradebt plans to raise Rs 3,000 crore via bonds in FY18 in anticipation of growth picking up in the infrastructure space, MD & CEO Suvek Nambiar told FE.
33 companies bid for Nagpur-Mumbai Expressway project; MSRDC claims 90% of land acquired, farmers say yet to give consent
Out of the 33 companies, 17 companies have bid singly while the remaining have organised themselves into 10 groups. Of the single bidders, ten are Indian companies, three are Chinese, and one from Kuwait and Singapore each, respectively.
A pick-up in project awards in the roads sector, driven by both the new hybrid annuity model (HAM), and engineering, procurement and construction (EPC) projects, has vastly improved the order book position of EPC-focussed road developers.
This teeming mass of humanity generates, on a daily basis, 7,500 tonnes of solid waste and 2,100 million litres of sewage, or waste water.
Mumbai Metro Line 1: Even as ridership falls short of target, losses mount, hope floats on new lines
Three years after its launch in June 2014, ridership on Mumbai’s Metro line 1 is averaging 3.55 lakh commuters on weekdays.
The Maharashtra Road Development Corporation (MSRDC), the nodal agency for the proposed Bandra Versova Sea Link (BVSL), has shortlisted ten contractors in the initial round.
Mumbai Trans-Harbour Link project bid dates extended to June 5; estimated cost pegged at Rs 17,750 cr
The last date for submission of bids, or request for proposals (RFP), for the Mumbai Trans Harbour Link (MTHL) project has been extended by two months to June 5.
Maharashtra’s public works department (PWD) is planning to award about 10,000 km of projects under the hybrid annuity model (HAM) in the next three-four months.
MMRDA would hold a stake in the SPV while the JV partner could either be a state government agency or even a private partner.
The Maharashtra government has started the process of identifying land parcels that will be housed in MAHAINFRA, a special purpose vehicle (SPV), Sudhir Mungantiwar, state finance minister, said.
Larsen& Toubro, HCC and Hyundai Engineering are among the dozen firms that have bid for Mumbai’s much-awaited four-lane coastal road project.
With bankers still somewhat wary of lending to the roads sector, just 17 of the 32 projects awarded in the hybrid annuity mode, have achieved financial closure.
The Housing and Urban Development Corporation (HUDCO), under the ministry of housing and urban poverty alleviation (MoHUPA), has approved a loan facility of Rs 1768 crore for Maharashtra’s showpiece highways project — the Nagpur-Mumbai super communication expressway.
The ministry of road transport and highways (MoRTH) has identified a clutch of 10 road projects across a stretch of 646 km to be bundled and bid out in the TOT or toll, operate, transfer mode.
Saddled with a debt of R26,000 crore, IL&FS Transportation Networks India (ITNL), the road development arm of Infrastructure Leasing and Financial Services (IL&FS), is looking to refinance about R9,000 crore.
Maharashtra government’s order to stop toll collection hits road developers hard as PWD fails to pay up full amount
Road developers in Maharashtra have received less than the half the amount they are owed by the Public Works Department (PWD), over the last two years.
Maharashtra Road Development Corporation takes advantage of MCLR regime, repays Rs 257 cr high-cost loans
Taking advantage of the new marginal cost of funds-based lending rate (MCLR) regime, Maharashtra State Road Development Corporation (MSRDC) has repaid high-cost loans of R257 crore that it owed to a clutch of public sector banks and to the Mumbai Metropolitan Region Development Authority (MMRDA).
Mumbai-based MEP Infrastructure has completed the financial closures for five out of six hybrid annuity model projects that it won last year.
Eight years after it was thrown open, the daily average traffic on the Rajiv Gandhi Sea Link — or the Bandra Worli Sea Link — is smaller than a third of the original estimate.
The Udaipur bypass road project, awarded to MBL Infrastructures under the hybrid annuity model (HAM), has been cancelled by the National Highways Authority of India (NHAI), the company said on a recent analysts call.