.jpg)
26 June, 2018
Delhi Meerut Expressway – Phase-I of the First Project under the Hybrid Annuity Model Inaugurated
India’s first 14 lane Expressway – the Delhi-Meerut Expressway , from Nizamuddin Bridge in Delhi to UP border which has been developed by NHAI and Welspun Enterprises Ltd. under Hybrid Annuity Model was inaugurated by PM Modi. This phase 1 of the Delhi-Meerut Expressway will reduce the travel time from Delhi to Meerut to just 60 minutes. Welspun developed the prestigious Package I of the Delhi – Meerut Expressway with the support of National Highways Authority of India, at a cost of about Rs 841.50 crore, in a record time of 18 months as against the estimated period of construction of 30 months. The total length of the project is 82 km, of which the first 27.74 kms will be 14-laned, while the rest will be a 6-lane expressway. The project is reported to cost almost Rs 4975.17 crore.
Delhi Metro’s 24.82 Km stretch on the Magenta Line Inaugurated
The 24.82-km Kalkaji Mandir-Janakpuri West stretch of Delhi Metro’s Magenta Line was recently inaugurated. This stretch will bring domestic terminal of the city airport on the DMRC network and cut travel time between Noida and Gurgaon by at least 30 minutes. With the opening of this section, the total operational span of the Delhi Metro Rail Corporation (DMRC) network has reached to 277 km. At 29 metres, the five-level new Hauz Khas station is the deepest metro station in the entire network and an engineering landmark as its tunnel goes beneath that of the existing station on Yellow Line. The Magenta Line boasts of being the first driverless metro in India. It consists of 25 metro stations from Janakpuri West to Botanical Garden, consisting of 23 stations out of which 8 are elevated and rest 15 are underground. The total length of the line is 36.98 km out of which 10.466 km is elevated and 23.807 km is underground.
HCC Likely to Bag Coastal Road Project worth Rs. 2206 Crore
Upon opening the bids by Municipal Corporation of Greater Mumbai (MCGM) for the Mumbai Coastal Road Package-2 tender, the joint venture of Hindustan Construction Company Ltd. (HCC) and Hyundai Development Company (HDC) emerged as the front-runner in one of the four packages of the first phase of the Mumbai Coastal Road Project. HCC joint venture placed the bid at Rs.2,206 crore for the said Package 2 which was almost 30% higher than the reserved amount of Rs.1,661 crore. Three short-listed companies including Larsen & Toubro (L&T), and joint ventures HCC-HDC and China Gezhouba-Soma Enterprise submitted their bids for both the packages. Reportedly, the consortium of China Gezhouba-Soma Enterprise was not considered for selection for want of security clearance. Package 1 of the coastal road project starts from Priyadarshini Park to Baroda Palace near Haji Ali while Package 2 starts from Baroda Palace to the Worli end of the existing Bandra-Worli sea-link.
AAI clears the deck for Expansion of the Chennai Airport
Airports Authority of India is all set commence the construction for the expansion of Chennai international airport at an investment of ₹2,476 crore with the project having secured environmental clearance. The expansion and modernization of the airport will be carried out within the existing airport premises over an area of 1301.28 acres. As the entire land is already with AAI, no additional land acquisition is required. Once the expansion is completed, the passenger capacity will go up to 30 million passengers per annum (MPPA) from the existing 14 million. The said cost of investment for the modernization of the project is meant for the (Phase-II) only and the expansion involves demolishing the existing old domestic and international terminals and reconstructing new terminals with additional 16 MPPA (domestic 10 MPPA and international 6 MPPA), said official sources.
For further information, please contact:
Vineet Aneja, Partner, Clasis Law
vineet.aneja@clasislaw.com
