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Mayor inspects BMC’s development works

Friday, 13 December 2013 07:57 administrator
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The Pioneer              13.12.2013

Mayor inspects BMC’s development works

Mayor Krishna Gaur here on Thursday inspected various ongoing development works being carried out by Bhopal Municipal Corporation (BMC) in different areas of the city.

Mayor on Thursday inspected the BRTS Corridors from RRL square to Misrod road. She also visited the Danish Nagar, Rajat Nagar, Narayan Nagar, Saket Nagar, Khajuri Kalan, Ayodhya By-pass Road and nearby areas.

During her visit to BRTS corridors, she instructed the officials concerned to construct a service road on both the sides of the corridors from Bagh Sewania to RRL square. She further instructed the officials to install the high-mast lights in Khajuri Kalan and also to repair the damaged roads of the area.

On the occasion, Additional Commissioner Chandramoli Shukla, City Engineer AK Nanda, DK Bhavsar, Devendra Tiwari were also present.

During her visit to BRTS corridors, Mayor received detailed information about the development works being carried out there. Additional Commissioner Chandramoli Shukla and other officials concerned informed Mayor Krishna Gaur about the facilities being provided to the passengers travelling in the buses. She further asked them to provide better travelling facilities to the students boarding the bus from Barkatulla University, keeping the security measures in mind.

During her visit to Danish Nagar, Rajat Nagar, Narayan Nagar, Saket Nagar, Khajuri Kalan, Ayodhya By-pass Road and nearby areas, Mayor asked the officials to maintain cleanliness and hygiene in the respective areas. She also instructed them to construct the roads and look into other facilities to be provided there as per the requirements.

On the occasion assistant engineers HS Bedi, Pradeep Jadiya, sanitary in-charge Ashok Maheshwari and Rakesh Sharma were also present.

Meanwhile, the BMC anti encroachment squad took against the encroachments here on Thursday at Royal Market, Sehore Check-point, Lalghati, Gandhi Nagar, Bhoapl Talkies, Bus Stand Alpana, Bharat Talkies, Lady Hospital, Link Road 1, 1250 Hospital, AIIMS Hospital, Saket Nagar, Chiklod road, Jinci square, Slaughter house, Anand Nagar Vegetable Market and nearby areas.

The squad removed encroachments from roadsides, footpaths that were causing obstacles in the smooth flow of the traffic. The squad also took action against the encroachments at public places and the vehicles parked in the non-parking area.

 

New formula for stressed road projects gets nod

Friday, 13 December 2013 07:39 administrator
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The Economic Times              13.12.2013

New formula for stressed road projects gets nod

Developers will be asked to pay only 25% of annual premium committed upfront for the first three years of project and 50% thereafter.

NEW DELHI: The highways ministry on Thursday accepted the formula proposed by a high-level panel for restructuring the annual premium owed to the government by developers of stressed road projects. The panel, headed by Prime Minister's Economic Advisory Council chairman C Rangarajan, had circulated its draft report earlier in the day. After receiving comments from the National Highways Authority of India, the Planning Commission and Department of Economic Affairs, the final report would be sent to finance minister P Chidambaram, sources said.

According to officials, who did not wish to be named, the report has suggested that developers of stressed highway projects be asked to pay only 25% of the annual premium committed upfront for the first three years of the project. Developers would have to pay 50% thereafter, but if there is any cash surplus after debt servicing and meeting O&M expenses, this too, would have to be paid. Developers must fulfill all their premium obligations three years before the contract expires.

In case of four-laning projects, developers can avail the policy after construction is complete and commercial operations have begun. In case of six-laning projects, developers can avail the policy during construction, when commercial operations are considered to have begun, but would have to provide a construction milestone-linked bank guarantee for the premium deficit of 75% during this period. The discount rate for calculating the net present value would be 10.75%.

The Rangarajan committee was set up in November after the Cabinet directed that a body decide the modalities of the premium rescheduling policy, whose final decision could be implemented by the highways ministry after the finance minister's approval.

The proposal has been put through by the panel even as the Planning Commission last week, questioned the justification and impact of this on the infrastructure sector.

The Planning Commission has also argued that in the case of 23 projects where construction has not commenced, seven have been foreclosed with mutual consent while in two cases the termination notices issued by concessionaires have become final. The rest have no evidence to show that bankers have become cautious.

 

Power cut off to 240 mobile phone towers

Friday, 13 December 2013 07:29 administrator
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Deccan Chronicle              13.12.2013

Power cut off to 240 mobile phone towers

Hyderabad: In a joint operation, officials of the GHMC and the Central Discom on Thursday disconnected the electricity supply to 240 cellphone towers of various cellular companies at various places in the city.

GHMC commissioner Somesh Kumar said the disconnection drive would be continued and that the towers would also be dismantled if the cellular firms failed to get the towers regularised by paying Rs 1 lakh fee to the GHMC. There are over 6,000 cellphone towers that have been installed on roof-tops of various buildings in the city.

GHMC additional commissioner Ronald Rose said almost all of these towers are unauthorised.

“The state government has issued GO 380 stating that cellphone companies should apply to the GHMC and get the existing towers regularised. The GHMC will regularise the towers only if the companies pay Rs 1 lakh fee and submit structural stability certificate of the building on which the tower is located,” he said. He added that despite several notices, cellphone companies had failed to pay the regularisation fee.

The representatives from the cellular firms met Somesh Kumar and told him that they will consult all their counterparts and come to the GHMC in a day or two with their response.

 
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