1. Infra Tweets: Freight corridor worth Rs 24k cr, India biggest virtual exporter of water

Infra Tweets: Freight corridor worth Rs 24k cr, India biggest virtual exporter of water

In FY16, contracts worth Rs 24,000 crs were awarded on Western & Eastern Dedicated Freight Corridors as against Rs 13,000 crs in last 6 yrs.

By: | Updated: May 4, 2016 9:01 AM
In FY16, contracts worth Rs 24,000 crs were awarded on Western & Eastern Dedicated Freight Corridors as against Rs 13,000 crs in last 6 yrs. The ministry of roads has moved a Cabinet note to set aside a part of the costs of highway projects for safety measures.

In FY16, contracts worth Rs 24,000 crs were awarded on Western & Eastern Dedicated Freight Corridors as against Rs 13,000 crs in last 6 yrs.

Freight corridors on track
The Dedicated Freight Corridor Corporation (DFCC) is currently building more than 3,350 km of double-track freight-specific lines from Ludhiana in Punjab to Dankuni in West Bengal as the Eastern DFC, and from Dadri in Uttar Pradesh to Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai as the Western DFC.

1% cost of new highways proposed to be earmarked for safety aspects. For service lanes, pedestrian overbridges etc amount reqd may be more.

Building safer highways
The ministry of roads has moved a Cabinet note to set aside a part of the costs of highway projects for safety measures. These would include fixing accident-prone spots, installing cameras and lights, etc. The government is committed to reducing the number of road accidents and fatalities by 50% by 2020.

New angle—India biggest virtual exporter of water. How? Takes 2173 litres for 1 kg rice prodn. Exported 37.2 lac tonnes of basmati…etc.

Virtual water exports
Rice exports of 37.2 lakh tonnes means that the country ended up exporting virtually 10 trillion litres of water. According to the Water Footprint Network (WFN) database, India had the lowest virtual imports of water in the world, while it is exporting large amounts of virtual water despite being an extremely water-scarce country.

Env Ministry able to clear only 6% of 598 road project proposals….not bcoz it loves forests but bcoz of non-receipt of data from states.

Hurdles to environment clearance
The environment ministry has claimed that clearance of road projects is stuck as the state governments do not provide adequate information. For instance, Uttarakhand submitted a record number of 302 proposals, of which only two received forest clearance, while 70 were approved in-principle.

ICRA Report: Additions to stalled projects hv outpaced those resolved. As per PMG R11.4 lac crs infra projects stalled on 31 March 2016.

Rise in number of stalled projects
According to the ICRA report, though the number of stalled projects started declining since FY14, it picked up pace from the second half of 2015-16. A majority of the stalled projects were from the private sector, including sectors like steel, cement, aluminium, among others.

Scrapping old & inefficient power plants & replacing them with modern units with land & linkages available should b imp pillar of strategy.

Need to revamp power plants
The thrust for increasing base-load generating capacity has been in setting up new projects, including Ultra Mega Power Projects (UMPP). There is an opportunity to revamp many old and poor performing state units with minimum hassle in land acquisition and coal, water and transmission linkages.

Surely we must thank Japan & compliment Ind Govt for the funding of Ahd-Mum Bullet Train ~ 50 yr loan@0.1% pa with 15 yr moratorium!

Funding barriers removed
The Mumbai-Ahmedabad bullet train project will be built at a cost of approximately R1 lakh crore. Japan has agreed to fund 80% of the project through a soft loan of R79,000 crore at an interest rate of 0.1%, with tenure of 50 years and a moratorium period of 15 years.

Ahd-Mum Bullet Train passengers can have the Lond-Paris Chunnel Experience as 21 km undersea ride planned after Thane creek toward Virar.

India’s Chunnel experience
The 508-km-long Mumbai-Ahmedabad high-speed railway corridor will have a 21-km tunnel under the sea. While a large part of the corridor is proposed to be on an elevated track, there will be a stretch between Thane creek and Virar that will be under the sea.

—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie

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