NHAI awaits clarity on Kozhikode bypass
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Centre likely to rope in Adani Enterprises for six-laning of bypass
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Construction work in progress on the 2.10-km stretch between Moorad bridge and Palolipalam in Kozhikode. | Photo Credit:
K. Ragesh
Centre likely to rope in Adani Enterprises for six-laning of bypass
The National Highways Authority of India (NHAI) is still awaiting clarity from the Ministry of Road Transport and Highways on a proposal by INKEL Limited, a public-private partnership company promoted by the State government, seeking more time to provide bank guarantee on the Kozhikode bypass project.
Sources said INKEL had signed a contract with the NHAI for taking up the ₹1853.42-crore project after a Hyderabad-based construction firm failed to provide bank guarantee.
Union Budget 2021 | Tax sops for aircraft leasing in India
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Industry welcomes move
Industry welcomes move
Finance Minister Nirmala Sitharaman announced tax sops for aircraft leasing in India, a move welcomed by the industry, which has to pay in dollars to rent aircraft from foreign leasing companies.
The Minister said there would be tax holiday for capital gains of aircraft leasing companies that set up an arm in GIFT City, Ahmedabad, as well as tax exemption for aircraft lease rentals paid to foreign lessors who set up shop in India.
The other important push in the Budget for the aviation sector is privatisation of airports. Ms. Sitharaman said the second batch of airports would be monetised. The government had handed over six airports to Adani Enterprises Limited in the first round of privatisation. The second round that awaited the Cabinet nod included Amritsar, Varanasi, Bhubaneshwar, Indore, Raipur and Tiruchi.
40.8-km-long Azhiyur-Vengalam section of NH 66 to be widened Work on six-laning the 40.8-km-long Azhiyur-Vengalam section of National Highway 66 in Kozhikode district will begin when the State government hands over land acquired for the ₹1,838-crore project.
Adani Enterprises Limited (AEL) had won the multi-crore highway project from the National Highways Authority of India (NHAI) on January 12. The project granted under the Hybrid Annuity Model (HAM) is part of the Bharatmala Pariyojana of the Centre. The contract for the purpose will be signed within a month.
NHAI project director Nirmal Manohar Zade said the government had mostly acquired the required land for widening the highway. The Centre had deposited the compensation package of ₹663 crore under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act to property owners whose land had been acquired for the project.
Bidding process for 6 airports conducted in a competitive, transparent manner, says MoCA ANI | Updated: Jan 21, 2021 23:07 IST
New Delhi (India), January 21 (ANI): The Ministry of CivilAviation (MoCA) on Thursday refuted a news article claiming that the Finance Ministry and NITI Aayog had raised red flags before Adani s clean sweep of six airports as factually incorrect , adding that the bidding process was conducted in a competitive and transparent manner.
According to an official release, a news article dated January 15, 2021, which said that the Ministry of Finance and NITI Aayog had raised objections before Adani s purchase of the airports over the 2019 Public-Private Partnership (PPP) bidding process and the same was ignored by the government.
Adani gets Thiruvananthapuram and two other airports
January 19, 2021
Signs agreement with AAI for Thiruvananthapuram, Guwahati and Jaipur airports The Airports Authority of India (AAI) on Tuesday signed three Concession Agreements for Operations, Management and Development of Guwahati, Jaipur and Thiruvananthapuram airports through the public-private-partnership (PPP) mode with the Adani Group.
In a statement, AAI said the concessionaires are required to take up the Guwahati, Jaipur and Thiruvananthapuram airports, fulfilling certain conditions within 180 days from Tuesday, and will operate, manage and develop the airports for the next 50 years, in accordance with the terms and conditions specified in the agreements.
Adani Enterprises Limited (AEL) emerged the highest bidder for six airports including Thiruvanthapuram, Jaipur and Guwahati after an international competitive bidding process through the PPP route that was initiated in December 2018. While Mangaluru, Lucknow and A