Development of Northeast roads running smooth
ROADS & HIGHWAYS

Development of Northeast roads running smooth

The National Highways and Infrastructure Development Corporation (NHIDCL) has not yet faced any stoppage in funding of new projects.
Recent reports indicate that new development projects in the Northeast will be 100 per cent funded by the Central Government. As per the previous policy, 90 per cent was funded by the government while the remaining had to be done by the state. However, ongoing projects – estimated to be completed by 2020 – will continue to be funded in a 90:10 ratio.

Nagendra Nath Sinha, Managing Director, NHIDCL, shares that 24 projects were awarded in FY2017-18; and 14 projects in FY2018-19. “None of these projects are on PPP mode and hence the issue of financial closure is not relevant to us,” he says. “However, of late, some firms have faced difficulties in arranging bank guarantees for performance security or mobilisation advances.”

Projects are awarded under NHIDCL in the EPC mode. The funds are allocated by the government under different heads: Special Accelerated Road Development Programme for North Eastern Region (SARDP-NE), NH(O) and External Aided Projects (EAP)-(JICA/ADB-Funding) to NHIDCL. While funding is yet to be firmed up for Bharatmala projects under NHIDCL, “JICA and other multilateral development banks or agencies could be other sources taped for taking up mandated infrastructure projects,” he says.    

SHRIYAL SETHUMADHAVAN

The National Highways and Infrastructure Development Corporation (NHIDCL) has not yet faced any stoppage in funding of new projects.Recent reports indicate that new development projects in the Northeast will be 100 per cent funded by the Central Government. As per the previous policy, 90 per cent was funded by the government while the remaining had to be done by the state. However, ongoing projects – estimated to be completed by 2020 – will continue to be funded in a 90:10 ratio.Nagendra Nath Sinha, Managing Director, NHIDCL, shares that 24 projects were awarded in FY2017-18; and 14 projects in FY2018-19. “None of these projects are on PPP mode and hence the issue of financial closure is not relevant to us,” he says. “However, of late, some firms have faced difficulties in arranging bank guarantees for performance security or mobilisation advances.”Projects are awarded under NHIDCL in the EPC mode. The funds are allocated by the government under different heads: Special Accelerated Road Development Programme for North Eastern Region (SARDP-NE), NH(O) and External Aided Projects (EAP)-(JICA/ADB-Funding) to NHIDCL. While funding is yet to be firmed up for Bharatmala projects under NHIDCL, “JICA and other multilateral development banks or agencies could be other sources taped for taking up mandated infrastructure projects,” he says.    SHRIYAL SETHUMADHAVAN

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000