Business Bytes

Maharashtra to launch Rs 1-lakh-cr projects in Mumbai

Maharashtra will launch infrastructure projects worth Rs 1 lakh crore  ($15 billion) during this year. The list of projects include water reuse and recycling, sold waste management, Mumbai Metro expansion, Mumbai coastal road, Mumbai Trans Harbour Link, water transport, port and jetty construction, roads and Smart City. These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation by roping in contractors from India and other countries.


Government to invest Rs 16,680 crore to build expressways

Government has approved a plan for constructing 1,000 km of expressways under the National Highways Development Project (NHDP) phase VI at a cost of Rs 16,680 crore on DBFOT basis, as per reports. The main criterion for the selection of expressway corridors is traffic volume, with the government approving the high-density corridor i.e. Vadodara-Mumbai (400 km) for feasibility study. It was also decided that the remaining 600 km will be selected out of the routes identified on the basis of traffic volume.
The high density corridors approved under NHDP phase VI are Vadodara-Mumbai stretch (400 km) in Gujarat and Maharashtra, Delhi-Meerut (66 km) on NH 58 in Delhi/UP and Bengaluru-Chennai (334 km) on NH 4 in Karnataka-Tamil Nadu. The remaining projects include “Delhi-Jaipur (261 km) on NH 8 in Delhi-Rajasthan, Delhi-Chandigarh (249 km) on NH 1 and NH 22 (now changed to Delhi-Ludhiana-Amritsar-Katra expressway) in Delhi/Punjab/J&K, Kolkata-Dhanbad (277 km) on NH 2 in West Bengal/Jharkhand and Delhi-Agra (200 km) on NH 2 in Delhi/UP.


Vedanta to set up steel plant in Jharkhand

Mining major Vedanta has signed an MoU with the Jharkhand Government to set up a steel plant of one million tonnes capacity in the state, as per reports. The company will set up the hot iron and ductile iron (DI) pipe plant and will invest Rs 15,000 crore to Rs 17,000 crore in the project. Two locations have been identified for the proposed plant and the proposed site for the plant is likely to be in Seraikela-Kharsawan district. The plant is likely to be functional by 2020-2021.


J&K to invest Rs 2,000 cr on mini-hydel projects

J&K Government is planning to spend Rs 2,000 crore for mini-hydel power projects (all between 9 to 15 MW) to harness power potential in Jammu and Kashmir even as the Government has decided to re-tender Ratle power project in Kishtwar after GVK decision to exit from the project while Kishanganga power project over river Neelum in Gurez will be completed next year, as per reports.


Telangana to seek Rs 6,700 cr for 11 projects

The Telangana Government has decided to seek an assistance of Rs 6,700 crore to the State under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) from the Centre to complete 11 major and medium irrigation projects under implementation. Detailed proposals of the 11 projects were already prepared by the department with the help of Central Water Commission officials and they would be forwarded to the Centre soon.


RFQ invited for Rs 17,750-cr Mumbai Trans Harbour Link

The Mumbai Metropolitan Region Development Authority (MMRDA) has invited request for qualification (RFQ) for the appointment of the contractor for the Rs 17,750 crore Mumbai Trans Harbour Link (MTHL) project. The 22-km long six lane bridge across the Mumbai harbour connecting Mumbai and Navi Mumbai will be implemented on an EPC - design build basis and not on the build operate transfer model, as per reports.
RFQs have been called for three civil packages, including construction of 10.380 km long bridge section across the Mumbai Bay and Sewri interchange (Rs 6,600 crore), 7.807 km long bridge section across Mumbai Bay and Shivaji Nagar inter change (Rs 4,900 crore) and 3.613 km long viaduct including interchanges at state highway 52 and at state highway 54 and at national highway 4B near Chilre in Navi Mumbai.
Bidders will have to submit bids by June 28 while MMRDA plans to appoint the contractor in October. The Japan International Cooperation Agency (JICA) on Monday has approved 80 per cent loan for the MTHL project and the loan agreement will be signed soon with the government of India. The balance will be mobilised from the state government and MMRDA.


National plan for railway infra development to be rolled out

Indian Railway is firming up a plan for infrastructure development with an ambitious target of pumping in more than Rs 8 trillion over the next four years. The massive investment plan would involve high-speed rail connectivity, station redevelopment and capacity augmentation across the country. As per the plan, while part of the funding will come from the capital expenditure provided for in the railway budget, a major chunk is expected to come from outside the budget through the PPP and multilateral funding.


Kolkata Port Trust lines up projects worth Rs 1,256 cr

Kolkata Port Trust is embarking on seven key projects amounting to Rs 1,256 crore in the current financial year to up its tonnage handling capacity and improve cargo handling capabilities. Of the proposed investment, Rs 370 crore will come from internal accruals while the port will opt for PPP for the remaining Rs 886 crore, as per reports. Slated for completion in a maximum two-year timeframe, it is setting up two outer riverine terminals with a consolidated capacity of 9.3 mmtpa which will draw in a total capital expenditure of Rs 640 crore while Rs 250 crore will be pumped in developing 5 mmtpa mooring facilities at Sandheads in West Bengal.