| The "Build Operate &
Transfer" (B.O.T.) schedules have been
very successful in the under developed countries
& developing nations. The bold incentives
given by the finance minister in Budget by declaration
of highway sector as a Infrastructure Industry
has reaching effect, due to 5 years tax holiday
declared in the Budget for Infrastructure Projects
constructed on B.O.T. basis will encourage the
major Indian Industrial Houses as well as Multinationals
to enter into the field of financing large -
infra structure projects. The regulatory environment
in India has undergone a sea change under the
new economic policy launched in July 1991. Foreign
investment is not only welcome, it is a priority
on the economic agenda of the central &
all state Governments. The Government also encourage
foreign investors by relaxing various policy
matters with the Infrastructure industry made
open for private investment, huge projects are
coming in following sectors.
At present, in India there are many contractors
for the construction of highways.
The reasons for that are :
- No special technical know-how required
for this.
- The standard machineries required like earthmoving
equipment, hot mix plant etc. are readily
available in Indian Market.
Where as for Bridges,
Viaducts, Jetties etc. There are not many
contractors at present in India.
The reasons for this are :
- Special technical know how is required.
- The most of the machineries required for
executing foundations, sub-structure &
superstructure are to be developed by the
contractors to suit their specific requirements.
It involves huge fund & each bridge, viaduct
jetty has different design & specifications
to suit to available geological condition
& hydraulic conditions.
As a result, we foresee big demand in the market
for the contractors specialized in the field
of construction of bridges, viaducts, jetties
etc. having expertise in tacking different foundation
techniques, construction techniques for construction
with necessary reserves setup.
Vijay M. Mistry Construction Pvt. Ltd., has
completed the following projects as Entrepreneur
on BOT basis :
- Design and Construction of R.O.B at Dahej
near Bharuch ( Gujarat ) in a record time
of 13 months against allotted time of 22 months.
- Design and construction of Bridge across
river Mahi (J.V with Rajkamal Builders) near
Vadodara (Gujarat) costing Rs.420 millions
on B.O.T. basis in a period of 15 months against
allotted time period of 24 months.
Vijay M. Mistry Construction Pvt. Ltd., has
also constructed following B.O.T. Bridges as
a technical counter part :
- Bridge across Gambhira River, Indore (M.P.)
for Infrastructure Leasing and Finance Service
Ltd. (First B.O.T. Project in India),
- 3 bridges for Prakash Asphalting works
at Mandsaur (M.P.),
- R.O.B. at Chalthan near Surat (Gujarat)
for Ashvika Construction Co., Baroda (first
B.O.T. project in Gujarat state)
- R.O.B. near Kalol, Gujarat for Ahmedabad
Mehsana Toll Road Co. Ltd., Ahmedabad
- High level bridge across river Tapi at
Burhanpur, M. P. for Ashoka Buildcon Ltd.,
Nashik
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