SPV in place for smart city project

SPV For Smart City Projects
Fast tracking the building of smart city project, the Coimbatore Corporation has initiated steps to register the Special Purpose Vehicle (SPV) that will steer the execution of the projects under the Central Government's Smart City project, said official sources, claiming that the Corporation has named the SPV, Coimbatore Smart Cities Limited (CSCL), and has initiated the process of registering it as a company under Companies Act, 2013 and that the CSCL would have a chairman, a managing director and 11 directors including a representative of the Ministry of Urban Development of the Government of India, a representative of the Finance Department, Deputy Commissioner, Traffic, Coimbatore City Police, Superintending Engineer or Executive Engineer, Public Works Department, a representative from the Tangedco and a few others. The CSCL would start with approved share capital of Rs. 200-cr with 50:50 stake by the State Government and Corporation.

HCC in JV wins ₹236-cr rail contract in North East

Hindustan Construction Company Ltd. (HCC), in a joint venture with Vensar Constructions Company Limited (VCCL), has won ₹236 crore contracts in two separate projects from the Northeast Frontier Railway for the construction Read More ...

Rajasthan allows high rises above 32 meters

To cater to the higher demand for housing units in cities, Urban Housing and Development (UDH) department in Rajasthan has allowed the construction of multi-storey buildings up to 32-metre and above, and the UDH department Read More ...

Gayatri Projects bags ₹395-cr Namami Gange contract

Gayatri Projects has received Letter of Award (LOA) of a contract from Namami Gange & Rural Drinking Water Department in Uttar Pradesh entailing a cost of ₹395.98 crore. The scope of work in the project involves the construction Read More ...

MoRTH unveils new road link to Jewar International Airport

Union transport minister Nitin Gadkari has informed that his ministry will take up the construction work for a greenfield road project linking the upcoming Jewar airport in Uttar Pradesh to cater to the future needs Read More ...

MMRDA expedites work on ₹1,276-cr flyover

The construction work on the Sewri-Worli connector is expected to start soon as MMRDA has already finalized the contractor for the project involving an investment of ₹1,276-crore. The 4.5km flyover will connect the Read More ...

Jharkhand forms joint venture with Indian Railways

The Jharkhand government has given its approval for the formation of a 50:50 joint venture between the state and the Indian Railways for taking up key rail infrastructure projects and providing connectivity to remote Read More ...

NHSRCL-L&T inks ₹24,000-cr largest-ever bullet train contract

The National High-Speed Rail Corporation (NHSRCL) has signed the country's largest-ever government-financed civil contract worth ₹24,000 crore for the Ahmedabad-Mumbai bullet train project with the infrastructure building Read More ...

UP to start work on ₹36,410-cr Ganga expressway project

The Uttar Pradesh government is all set to start the construction work on the Meerut- Allahabad Ganga Expressway project involving an investment of ₹36,410-crore. The CM office has directed the departments concerned Read More ...

Govt sanctions ₹12,434-cr for roads bordering China

The Ministry of Home Affairs has sanctioned ₹12,434.90 crore for expediting the construction of 32 roads on the India-China border under Phase-2. The proposal was stepped up in the wake of the standoff with China in Read More ...

NHAI invites bids for ₹17,000-cr Bengaluru-Chennai expressway

The NHAI has invited bids for one package of the 263-km Bengaluru-Chennai Expressway. The work on this four-lane expressway project, which will provide high-speed and seamless connectivity to two logistics parks in Read More ...

MoRTH launches ₹1,621-cr elevated road in Chennai

The Union transport minister has laid the foundation stone for the 10.01-km long elevated highway from Uppilipalayam to Goldwins on Avinashi Road in the city at a function at Kalaivanar Arangam in Chennai. For the project Read More ...

Centre clears ₹820 cr for road & bridge project across Krishna River

To provide smooth and hassle-free road connectivity to riverbank villages in Kurnool and Mahabubnagar districts, the Union transport ministry has planned to build a new road along with a bridge on the Krishna River Read More ...

Sadbhav secures LoA for ₹1,572-cr road contracts

Sadbhav Engineering announced that it has received a Letter of Acceptance from the National Highway Authority of India for two EPC road projects involving an investment of ₹1,572 crore. The first project, amounting to Read More ...

MoRTH kick-starts ₹7,500-cr road projects in UP

The Union transport minister, Nitin Gadkari, has laid the foundation stones for 16 highway projects in Uttar Pradesh. These highway projects cover a road length of 505 kilometres in total and the construction of these Read More ...

ECoR inks MoU for building ₹436-cr ROBs in Odisha

To ensure hassle-free, safe and smooth movement of train traffic on its network, East Coast Railway (ECoR) has signed MoU with Telecommunications Consultants India Ltd (TCIL) for construction of six road-over-bridges Read More ...

Ircon International wins ₹723-cr RRTS contract

The National Capital Region Transport Corporation (NCRTC) has awarded ₹723 crore contract to Ircon International for design, supply, installation, testing and commissioning of receiving sub-stations and associated Read More ...
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Indian Infrastructure & Tenders Week

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