Best Stories

Crushed by the pandemic, looking for a recovery route

Photo courtesy: Proman Infrastructure Services The pandemic has undoubtedly had a detrimental effect on demand for crushers and screens. “COVID-19 put the focus on health and social welfare projects, thus delaying the tendering and planning of road and mine projects, two big drivers of the industry,” observes Venkataramana, Vice-President, Puzzolana. With government offices as well a..

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Real Estate

Connecting Borders

The 189.6-km Goa-Karnataka border-Kundapur four-lane highway project has been recently commissioned by IRB Westcoast Tollway, the SPV of IRB Infrastructure Developers. Part of NH-17, the stretch is an important north-south highway link on the western coast of India. Built at Rs 34.47 billion (including viability gap funding of Rs 5.36 billion), the project has a concession life of 28 years. The co..

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Best Stories

Opportunity amid Adversity

Clean water for every Indian household has been a prime agenda point of the Indian Government. To this end, the Jal Jeevan Mission was announced on August 15, 2019. It aims to provide clean drinking water to all as well as augment local water resources and promote desalination programmes. In Budget 2020, Finance Minister Nirmala Sitharaman announced that the Jal Jeevan Mission was being allocated ..

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ROADS & HIGHWAYS

J&K Government approves new housing policy

The J&K Administrative Council, which recently met under the chairmanship of (Ex) Lieutenant Governor C Murmu, has sanctioned a proposal of the Housing and Urban Development Department for adoption and notification of the Jammu and Kashmir Housing, Affordable Housing, Slum Redevelopment and Rehabilitation and Township Policy 2020. The first of its kind related to building dwellings in J&K, the po..

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Best Stories

Variable Bonds for HAM Projects

Photo: For representational purpose Under the Hybrid Annuity Model (HAM) concession agreement, NHAI has agreed to pay interest on developers’ capital atthe bank rate plus 3 per cent. Developers’ capital includesequity and debt amount infused in a project by the developer. Under the HAM concession agreement, typically, 40 per cent of the project cost is financed by NHAI and 60 per cent by ..

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Cement

Contractors in race to construct new Parliament House

While the Lok Sabha with 541 seats has been provided with the Sansad Bhavan or Parliament House which has a seating capacity of 790, only 261 members attended Parliament during February early this year before the nation was hit by the Coronavirus. That said, plans are afoot to construct the new Parliament building within a larger complex with a seating capacity of over 1,000. The Central Publi..

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