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Dec 16, 2019, 04.24 PM IST

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Road projects on BOT mode struggle to take off as govt yet to frame guidelines

The guidelines are being re-drawn with an aim to make BOT projects more investor-friendly as the government looks to revive private investment in the sector. In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.

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  • According to two industry insiders, the industry reported marginally improved sales over preceding months in Sept, Oct & Nov although none of these months recorded growth YoY. Construction equipment include machines used for earth moving, road building, handling concrete, material handling, and material processing, among other special equipment.

    Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.

    Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems coming on the way of constructing roads and bridges.

    Speaking on the construction of Gwadar port, Principal Deputy Assistant Secretary of State for South and Central Asia Alice Wells said, it feeds into Indian anxiety because the commercial basis of the project is not clear. The OBOR was designed in part to be able to export excess labour, excess capital and excess production facilities, she said.

    Construction waste can be seen along several service lanes, most of which are not paved. Officials said that once the Noida Authority takes up the road project, pavements would be built and such waste would be removed. The pavements would then be grass-lined to absorb dust.

    The project entails the development of Bundelkhand Expressway Project (Package-VI) from Bakhariya to Kudrail Access Controlled (Greenfield) Expressway Project in Uttar Pradesh on (Engineering, Procurement, and Construction) basis. The project which is 45.28 km in length is to be completed in three years

    The industry reported marginally improved sales over preceding months in September, October and November although none of these months recorded growth year-on-year.

    An InvIT is like a mutual fund that allows a project’s promoter to monetise revenue-generating infrastructure assets by enabling investors or unit holders to invest in them without having to own them.

    "Dilip Buildcon Limited through JV has been declared L-1 bidder for the project part design and construction of elevated viaduct, elevated ramp, siding lines, viaduct for connection to Mukundpur depot and four elevated stations, Phase-IV of Delhi MRTS," the company said.

    The central government is invested into a 50,000 crore rupees project for Delhi's congested roads. Clearing the congestion will help reduce pollution in city and the government has found a solution for projects which were delayed because of land acquisition, clearances and other issues.

    Sterling and Wilson Solar Ltd (SWSL) acquired Lightsource BP is developing a turnkey solar EPC (engineering procurement and construction) project Wellington Solar Farm in New South Wales, Australia. The solar project is estimated to produce enough solar energy to power 70,000 homes, and save 336,000 tonnes of carbon emissions.

    Wellington Solar Farm is a solar photovoltaic (PV) independent power project (IPP) being constructed on 490 Ha (hectare) of land, northeast of the town of Wellington in New South Wales.

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