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1.Concession agreement for Z-Morh tunnel construction

The project includes construction, O&M of the tunnel on DBFOT basis

2.Construction challenges of Delhi Meerut Expressway Package 3

Here are measures taken to overcome challenges in the project

3.ICRA: Capital support, finalisation of pending bills needed in port sector

The reelection of NDA will be credit positive for the domestic port sector

4.Execution to remain strong while awards likely to remain subdued in 2019

According to rating firm ICRA outlook for the road sector, while the engineering, procurement and construction (EPC) project executions may witness a temporary slowdown during the general elections; the build-operate-transfer (BOT) and hybrid annuity model (HAM) projects executions are expected to continue unabated.

5.MEPIDL achieves financial closure for its fifth HAM project

MEP Infrastructure Developers has announced the successful financial closure of its Hybrid Annuity project in Gujarat (Talaja-Mahuva section) in accordance with the Concession Agreement executed with the National Highways Authority of India (NHAI). The said project are a part of the Bhavnagar-Veraval stretch in Gujarat.

6.NHAI to rework on model concession agreement

The National Highways Authority of India (NHAI) plans to rework the model concession agreement (MCA) for highway projects that was redrafted just three years back after road developers sought changes to the model agreement amid a slowing economy. NHAI had asked developers, lenders, consultants and industry bodies to give their feedback on the current model concession agreement in the context of the changed economic scenario, said a senior official at NHAI.

7.DAMEPL asked to bear debt till pact is terminated

Sudhir Krishna, Secretary of the union urban development ministry informed that the Delhi Airport Metro Express (DAMEPL) will have to bear the debt till the concession agreement is terminated. DAMPEL is the joint venture between Reliance Infrastructure and Construccionesy Auxiliar de Ferrocarriles, SA (CAF) and it operates the metro rail corridor connecting Delhi airport. The joint venture firm recently submitted termination notice to Delhi Metro Rail Corp

8.IL&FS arm signs pact for highway projects

In a communication to the stock exchange, IL&FS Transportation Networks said it signed Concession Agreements with the concerned authorities for the following projects: (i) Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh. (ii) Beawar Gomti section of NH 8 of 88 km of the total 116 km (capacity augmentation) in Rajasthan. (iii) Sikar Bikaner section of NH 11 of 237.57 km in the Rajasthan

9.IL&FS gets nod for three road projects

Concession agreements have been signed with the authorities concerned for three road projects in Rajasthan, Punjab and Himachal Pradesh, IL&FS Transportation Networks has stated in a communication to the Bombay Stock Exchange (BSE). The road projects are: Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh.

10.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.

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