India Unveils $2.2bn Jammu & Kashmir Road Project

August 5, 2011

India has unveiled a plan to invest $INR100bn ($2.2bn) for road projects in Jammu & Kashmir state.

The investment will be used in road projects including two strategic tunnels – Quazigund-Banihal and
Chenani-Nashri – to provide all-weather connectivity to the state with the rest of the country.

The 8.45km Quazigund-Banihal project will be part of the INR19.8bn ($440m) Quazigund-Banihal
project on Jammu-Srinagar National Highway.

On completion, the tunnel will reduce the distance between Banihal and Srinagar by 16km.The tunnel
will have an emergency lane for emergency cross passages as well as proper ventilation.

Apart from the 8.45km tunnel, the 0.69km Chenani-Nashri tunnel will also be built under the project.

The road project will reduce the distance between Jammu to Srinagar to 50km and reduce the
travelling time to 4-5 hours from the current 8-10 hours.

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IRB Infra Signs Concession Agreement With NHAI for Road Project in Gujarat

August 5, 2011

IRB Infrastructure Developersâ€™ wholly owned subsidiary IRB Ahmedabad Vadodara Super Express
Tollway has signed a concession agreement with the NHAI for a road widening project in Gujarat.

The pact has been signed for six‐laning of Ahmedabad to Vadodara section of NH‐8 from km 6.400 to km
108.700 (length 102.300 km) and improvement of existing Ahmedabad Vadodara Expressway from km
0.000 to km 93.302 in Gujarat (length 93.302 km.) under Phase V on DBFOT Toll basis with a concession
period of 25 years.

The scope of work involves upgradation of existing section of NH8 between Ahmedabad and Vadodara
from existing two‐lane highway to a six‐lane super expressway and value addition to the existing
Ahmedabad Vadodara Expressway. The project is estimated to cost Rs 3,600 crore. The construction is
to be completed within three years from the appointed date. The SPV will get tolling rights on
Ahmedabad Vadodara expressway from the appointed date and on NH‐8 post‐completion of
construction.

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India Awards Four Highway Projects

August 5, 2011

The National Highway Authority of India has awarded four road projects worth Rs95bn ($2bn).

GMR Infrastructure has won an Rs57bn ($1.3bn) national highway project running from Kishangarh in
Rajasthan state through Udaipur to Ahmedabad in Gujarat state.

The project is to six-lane a 555km-long stretch of the highway, over the next three-to-four years, with
GMR paying the premium to the authority over the 26-year concession period.

The project will be carried out on a design, build, finance, operate and transfer (DBFOT) basis under
the fifth phase of the National Highway Development Programme, which is widening the existing
Golden Quadrilateral to six lanes from four.

Another Rs12.32bn ($279m) project has been awarded to BSCPL Infrastructure for four-laning the
Orissa border-Aurang section on NH-6 in the state of Chhattisgarh.

The 150km-project will be carried out on a DBFOT basis under NHDP Phase-IV.

PFC has won a Rs9bn ($204m) project for the Hospet-Bellary section in Karnataka, while the extension
of Jabalpur-Rewa section in Madhya Pradesh was awarded to Soma Tollways.

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ADB Funds Indian Road Projects

August 5, 2011

The Asian Development Bank (ADB) will extend a $200m loan to India to reconstruct roads in northeastern
parts of the country.

The loan will be released in two phases and will be used to upgrade over 400km of roads in the states
of Assam, Manipur, Meghalaya, Mizoram, Sikkim and Tripura to improve mobility and accessibility.
The improvement work will include widening existing sections of roads, strengthening pavements,
raising embankments, and providing permanent structures at river crossings.
ADB will also provide $1.2m of associated technical assistance grant from Japan Fund for Poverty
Reduction to state public works departments to help them introduce modern road management
practices.

The first tranche of $75m loan will be used for improvement of 200km of roads in three states.
The Indian Government and north-eastern states will provide $98.2m in counterpart funding for the
$298.2m road improvement project to be carried out until December 2016.

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