Search

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.

7th India Construction Festival

Organised by the FIRST Construction Council in Mumbai on October 22, the event successfully brought together the who’s who of the infrastructure and construction industry.

Paradip Port cargo terminal to be operational in Feb

Paradip International Cargo Terminal (PICT) is likely to become operational by February 2018. The contract for developing of multipurpose berth to handle clean cargo, including containers at Paradip Port on Build-Operate-Transfer (BOT) basis for 30 years was awarded to Paradip International Cargo Terminal (PICT).

Witnessing Quantum Jump

In light of the various infrastructure development initiatives by our government and expansion plans declared by various related agencies, the Bulk Material Handling Equipment (BMHE) sector

Essar?s Vizag Port facility boosting third-party business

Post the taking over of Vishakhapatnam Port Trust?s (VPT?s) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May 2015, Essar Vizag Terminals Ltd (EVTL), a wholly owned subsidiary of Essar Ports Ltd (EPL) has boosted the EPL?s strategy of diversifying its customer profile.

2015 - The year of recovery?

Off-Highway Research has predicted that the number of units sold will double to 89,030 by 2018 from the current year?s 46,755 units. As per the analysis, the real trigger of growth becomes available in 2017-18 when there is a dramatic surge

8,500 km by March 2015: How Realistic is the Target?

The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,

Road 2 recovery

Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.

Nod to Rs 7,915 cr road projects in UP, Maha, Gujarat, Haryana

The Union government on March 18 approved Rs 7,915 crore road projects in Uttar Pradesh, Gujarat, Maharashtra and Haryana under its flagship road building programme National Highways Development Project (NHDP). The Cabinet Committee on Economic Affairs (CCEA), in its meeting accorded approval to the four projects to be built under phases III, IV and V on Build, Finance, Operate and Transfer (DBFOT) basis.

Steadily chugging ahead

Even though the road sector in India continues to face multiple challenges, a strong pipeline of projects supports long term prospects. Around $180 billion investment is earmarked for the road sector, which is the highest ever investment for any Five Year Plan, and this should have a very positive impact on the construction equipment industry. The prime factor favouring the growth of the road equipment industry is the sheer scale of work still to be done in this sector.

Digital Edition