NESCO Wins Rs 2.25 Billion Tender for Bengaluru-Chennai Highway Project

08 Jan 2025 CW Team

This project represents a significant milestone for NESCO as the company expands its presence in infrastructure development. NHLML, a 100 per cent owned Special Purpose Vehicle (SPV) of the National Highways Authority of India (NHAI), functions under the Ministry of Road Transport and Highways. The scope of work includes the development, operation, and maintenance of Wayside Amenities in the South Zone along the Bengaluru-Chennai Expressway Corridor (Phase II), on a lease basis, covering three sites. The contract is a domestic agreement for developing and operating infrastructure facilities, with a lease period of 30 years and the first right of refusal for an additional 30-year extension.

The development period is set to be completed within 10 months from the Appointed Date. The estimated development cost is Rs 750 million per site, totalling Rs 2.25 billion for all three sites. The projected annualised revenue is Rs 3.50 billion from the fourth year of operations across all three sites, with an annual lease rent of Rs 1690.60 million for the three sites, subject to fixed annual revisions based on the Wholesale Price Index (WPI) and Consumer Price Index (CPI). The contract does not involve any related party transactions, nor does it allow any interest or involvement of promoters, promoter groups, or group companies in the awarding entity.

The project aims to enhance the user experience along the Bengaluru-Chennai Expressway by providing modern amenities. NESCO's leadership expressed confidence in completing the project within the stipulated timelines and delivering substantial value. In a stock exchange filing, the company stated that this opportunity aligns with its vision of contributing to India's infrastructure growth and creating long-term value for stakeholders.

Infrastructure Transport

15 May 2025

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Infrastructure Transport

15 May 2025

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

Infrastructure Urban

15 May 2025

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..