EPC
Road transport minister Nitin Gadkari has said awarding contracts to build roads through the engineering, procurement and construction (EPC) route would revive the confidence of private developers. Following this, he feels, the public-private partnership mode would gain currency automatically. Gadkari said this during an interview, when asked whether the road ministry’s recent preference for EPC [...] Continue Reading »
The government is redesigning the way highways projects are allocated based on the assessment of their viability. This step is taken to fast track the awarding of the highway projects, and thereby expediting the construction process. This move might be good for the infrastructure development of the country. According to the sources, projects would now [...] Continue Reading »
The government on Monday said that it has shifted its focus to the EPC (Engineering, Procurement and Construction) route for road building. This happened at the backdrop of the developers not showing interest in the PPP (Public Private Partnership) mode. There were 21 projects bid under PPP and they did not receive favourable responses from the [...] Continue Reading »
The entire highways project that costs more than Rs 50 crore will now be taken under the engineering procurement and the construction (EPC) mode with some slew of steps that are being taken to get a fresh capital in the road sector of the government said on Thursday. The highway project will be completed in [...] Continue Reading »
The ailing road building and infrastructure sector is to get a new lease of life by the highways ministry’s decision to float Cabinet notes on the three key issues that have blocked these projects. These three action areas are: the liberty to choose the mode of project implementation, the power to make changes in the model [...] Continue Reading »
The promoters of Gammon India along with their affiliates have recently decided to raise about a 100 crore as ‘Promoter Contribution’. This will be done by subscribing towards all shares of equity that have been allotted to them on the basis of preference so that the restricting package of debt which has been sanctioned by [...] Continue Reading »
The ministry of road transport and highways has started an exercise to estimate their revenue from toll collection to see if the government can build more roads with the help of its own resource. The PPP projects have been suffering of late and private players have been complaining of the low growth in the toll [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
Due to Urbanization and migration of peoples towards cities, the government has to consider about urban mass rapid transit systems which are also known as metro railways to reclaim much of the lost ground in urban planning. At least 10 metro projects are at the different phases of planning and implementation. These projects would need [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
