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MoRTH revises BOT and TOT agreements to boost private sector investment

The Ministry of Road Transport and Highways (MoRTH) has introduced a number of revisions to the model concession agreements (MCA) for build-operate-transfer (BOT) and tolling, operation, maintenance, and transfer (TOT) projects.

Manitowoc announces new service centre in Colombia

Manitowoc Cranes has partnered with one of Colombia?s most established and well-known equipment specialists, Bogot?-based E McAllister, to offer after-sales support for its Manitowoc and Grove lines throughout the country.

Road projects to get a push

The Union Cabinet has given full authority to the Road Transport and Highways Ministry to ease the rigid model concession agreement (MCA) to speed up delivery of highway projects. Till now, even small changes in the MCA were referred to inter-ministerial group (IMG) for approval.

1st Annual Equipment India Awards 2013

Poised to become the third largest market for construction equipment, India is now a major hub for manufacturers globally. The Indian industry, to its credit, has also remained ahead of the demand curve and has brought in the latest technologies and a variety of equipment to fit all sorts of applications. A report on the first-ever Equipment India Awards held in New Delhi on 14 November 2013...

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Highway developers may get exit option

Cash-strapped highway developers may be permitted by the Union government to exit projects at any stage after financial closure if lenders agree to change the concessionaires at the request of the existing developer. The Surface Transport Ministry feels that this could be a shot in the arm for stalled highway projects since equity released from old projects can be used to develop new ones, and companies with relevant expertise can take over the construction or operation and maintenance of the ex

Govt to bring changes in toll collection rights

Developers involved in widening four-lane roads to six lane may have to wait till the completion of the projects before collecting toll. The Union Road Transport Ministry is planning to rewrite the Model Concession Agreement (MCA) that allows them to collect toll.

MOBA's new automation systems

MOBA is launching two of its latest automation systems: the cost-effective MDM-100 system for drilling machines and the upgraded MOBA compaction assistant system MCA-2000 with an advanced touch-screen colour graphic display.

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