Top developers to bid for mega road projects
Business Standard, January 20, 2010, Page 5
Top road developers will be allowed to bid for mega projects, which the Ministry of Road Transport and Highways plans to award soon.
"The norms for mega projects will be such that the country's top road developing companies can qualify on their own," said Road Secretary Brahm Dutt.
It was earlier believed that the norms for mega road projects would be made such that only international developers would qualify.
The ministry is working on new norms for mega projects worth Rs 45,000 crore, which were to be formulated by December and are expected to begin by March.
The length of one mega proj¬ect could go as long as 700 kIn, entailing investments worth around Rs 5,000 crore.
The concept of large road projects was suggested by foreign concessionaires in road shows abroad and was mooted to woo them to the country. The foreign developers wanted the size of the projects to be large enough to make it attractive for them to come to India.
The ministry also plans to develop a corridor for road projects.
"We are looking at corridor development for road projects so that the road between two major points is uniform. We are also working on renaming the highways to make it simpler," Dutt said.
To make the roads uniform, the ministry has decided not to award small projects.
"We have also decided that no project worth less than Rs 50 crore is awarded," Dutt added.
The ministry is also looking at developing real estate projects along the highways to make them lucrative.
"The Ganga Expressway, connecting eastern and wester borders of Uttar Pradesh, is being built by the concessionaire, without any investment from the state government. This proves that the mega road projects can be made lucrative if real estate projects are developed along them," Dutt said.
Business Standard, January 20, 2010, Page 5
Top road developers will be allowed to bid for mega projects, which the Ministry of Road Transport and Highways plans to award soon.
"The norms for mega projects will be such that the country's top road developing companies can qualify on their own," said Road Secretary Brahm Dutt.
It was earlier believed that the norms for mega road projects would be made such that only international developers would qualify.
The ministry is working on new norms for mega projects worth Rs 45,000 crore, which were to be formulated by December and are expected to begin by March.
The length of one mega proj¬ect could go as long as 700 kIn, entailing investments worth around Rs 5,000 crore.
The concept of large road projects was suggested by foreign concessionaires in road shows abroad and was mooted to woo them to the country. The foreign developers wanted the size of the projects to be large enough to make it attractive for them to come to India.
The ministry also plans to develop a corridor for road projects.
"We are looking at corridor development for road projects so that the road between two major points is uniform. We are also working on renaming the highways to make it simpler," Dutt said.
To make the roads uniform, the ministry has decided not to award small projects.
"We have also decided that no project worth less than Rs 50 crore is awarded," Dutt added.
The ministry is also looking at developing real estate projects along the highways to make them lucrative.
"The Ganga Expressway, connecting eastern and wester borders of Uttar Pradesh, is being built by the concessionaire, without any investment from the state government. This proves that the mega road projects can be made lucrative if real estate projects are developed along them," Dutt said.
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