News Round-up. PPP in India
Date
January 21, 2012
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Dear readers, there have been a couple of PPP projets moving forward during this week in India:See article.Shortlist for Jaipur metro PPP projectFour bidders have been short-listed by Jaipur Metro Rail Corporation to bid in the financial stage of the project. They are the following:
Punj Lloyd get Delhi Police PPP project
First, infrastructure firm Punj Lloyd today said it has bagged a Rs 1,300 crore ($255 million) contract from the Delhi Police for building a residential complex at Dheerpur, in Delhi. Punj Lloyd will sign a concession agreement with the Delhi Police, which is under the aegis of the Ministry of Home Affairs, for 25 years. The firm will get semi-annual annuities of Rs 62.75 crore ($12.3 million), along with construction milestone-linked lumpsum payments of Rs 316 crore ($62 million).
- Reliance-Infra;
- a consortium led by Essar Projects (India) Ltd, and consisting of Samsung CT Corp. of Korea;
- a consortium led by Soma Enterprises Ltd and consisting of Inversiones En Concesiones Ferroviarias, S.A.U (ICF) from Spain;
- and a consortium led by Gammon Infrastructure Projects Ltd consisting of Iridium Concesiones de Infraestructuras, S.A from Spain
GVK Infrastructure Ltd has announced that GVK Shivpuri Dewas Expressway Private Limited, a step down subsidiary of the company, has signed a Concession Agreement with National Highways Authority of India (NHAI) for the four laning of the Shivpuri Dewas section of National Highway No.3 in the state of Madhya Pradesh.
See article.Concession agreement signed for 4-laning of Hospet - Chitradurga section of NH-13 Ramky Infrastructure Limited was awarded the Road Project by National Highways Authority of India (NHA1) to undertake Four Laning of Hospet - Chitradurga section of NH-13 from KM 299.000 to KM 418.6000 in the State of Karnataka under National Highways Deveiopment Project { NHDP) Phase Ml on Design, Build, Finance, Operate and Transfer (DBFOT/BOT) basis in BOT (Toll) [Project].
See article.I also wanted to take advantage of this post to share with you a working paper that the ADB has prepared on the financing of Indian infrastructure. It is called: Product Innovations for Financing Infrastructure: A Study of India's Debt Markets.
You can find more papers and reports on Indian infrastructure on InfraPPP Reports.
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List of country news
Country news
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March 10, 2013
Cabinet approves Four laning of Bhuban-Dubari-Chandikhole section of NH-200 in Orissa
The Indian Cabinet Committee on Economic Affairs has approved the implementation of the development of four laning of Bhuban-Dubari-Chandikhole section of National Highway-200 in Orissa under the National Highways Development Project (NHDP) Phase III on Design, Build, Finance Operate and Transfer (DBFOT) basis in Build-Operate-Transfer (BOT) (Toll) mode of delivery. Read more -
June 17, 2013
Soma - Isolux to finish road PPP project after Supeme Court ruling
A recent Supreme Court ruling has stated that the Panipat-Jalandhar national highway in India, involving an investment of Rs. 4,500cr (US$780 million), will be completed by its existing contractor Soma/Isolux Infrastructure instead of the National Highway Authority of India (NHAI) as had been directed by the Punjab and Haryana high Court earlier. Read more -
August 05, 2013
IRB Infrastructure scraps plans to bid for Mumbai PPP megaproject
Elevated road project in IndiaIRB said in a letter to the Mumbai Metropolitan Commissioner, informing about its decision to quit the project: Read more -
August 07, 2013
No bids submitted for Mumbai Trans Harbour Link project
None of the five consortia shortlisted for the Rs 9,630-crore (US$1.5 billion) Mumbai Trans Harbour Link (MTHL) project submitted an offer on August 5th, 2013. While one of them withdrew from the race last week, IRB Infrastructure - Hyundai, the other four chose not to submit their bids on Monday. Read more -
September 04, 2014
IL&FS Transportation closes financing for tunnel project in India
The road project involves the development of a 6.5-km tunnel and the 6-km approach road along the Srinagar-Sonamarg-Gumri road section on National Highway-1 in Jammu & Kashmir. Read more
