Project News Details
Bullet Train Project
Ministry of Railways have formed a new Special Purpose Vehicle (SPV) named National High Speed Rail Corporation Limited to implement the project of Mumbai-Ahmedabad High Speed Bullet Train .
The salient features of Project are:
? Total length of corridor – 508 kms .
? Maximum design speed of 350 kmph and operating speed of 320 kmph.
? In 2023, approximately 13 million passengers per annum.
? The total journey time of a fast train will be 2.07 hrs.
? Total Project cost is estimated to be ? 97,636 crore (including price escalation, Interest During Construction (IDC) and import duties) - 81% of the project cost funded by Government of Japan loan for 50 years at 0.1% per annual interest with 15 years moratorium periods.
State Governments of Maharashtra and Gujarat have been requested to participate in the equity of the SPV which will implement the project. (Ministry of Railways 50% equity, and balance contributed by State Governments of Maharashtra and Gujarat)
Government of Japan has agreed to provide loan covering approximately 81% of total project cost at 0.1% per annum interest for 50 years with 15 years moratorium. For timely completion of project, a Joint Committee has been formed under Vice Chairman of NITI Aayog with Secretary Department of Industrial Policy & Promotion (DIPP), Secretary Department of Economic Affairs, Foreign Secretary and Chairman Railway Board as members to monitor the project.
This information was given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha on 24.02.2016 (Wednesday).
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.