Tunnelling projects are tedious. More the reason why equipment for tunnelling are highly advanced and gigantic.
Building big infrastructure projects has always been risky. But, they are crucial to the future of cities, and its citizens. Big infrastructure projects economically transform a city and its people. But not all infrastructure projects are ‘over the ground’. Increasingly, there has been a surge in underground structures, especially in urban areas nationwide, be it in the road, rail, water, irrigation, or energy sectors. And, while underground constructions offer immense tangible benefits, they also bring engineering challenges, and often these projects go off the rails, either with regard to budget or time — or both.
The risks associated with megaprojects are well documented. According to a McKinsey report, one study estimated that nine out of ten projects go over budget. Rail projects, for example, go over budget by an average 45%, and their demand is overestimated by 51%. McKinsey has estimated that bridges and tunnels incur an average 35% cost overrun most times; for roads, it is 20%. Given that many projects are approved with a 20% return on investment expected, this leaves governments to pick up the tab for the rest.
Time overruns, too, are a perennial problem. So, how can companies – and governments – do better to build megaprojects that deliver their societal benefits, and do so on time and on budget?
INTRICATE DESIGN
The solution lies in the design and engineering acumen of the leading execution agency. “We have a track record of having completed more than 80km of tunnelling thus far with substantial mandates to execute tunnelling in some of our major on-going projects, such as Mumbai Metro, Ahmedabad Metro, Bangalore Metro and Singoli Bhatwari Hydro Power Project in Himachal Pradesh among others,” says SV Desai, executive VP and head, heavy civil infrastructure IC, L&T Construction.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ASK PROPERTY FUND, KREEVA, AND SPRE COME TOGETHER For a residential project
ASK Property Fund, Kreeva (the real estate arm of Kanodia Group) and Shapoorji Pallonji Real Estate have announced joint development of a residential project in Sector 46, Gurugram, with a joint initial investment of Rs 270+ cr. Spread across 1.74 acres, the project shall generate top-line revenues exceeding Rs 1,200+ crore over the next five years.
SWREL BAGS GUJARAT SOLAR PV PROJECT Will include O&M
Sterling and Wilson Renewable Energy (SWREL) has received LoI for a new order totaling approx. Rs 1,200 crore in Gujarat.
HOW RICH PEOPLE ARE MAKING THEIR MONEY
Dr Prashant Thakur, regional director & head, research, Anarock Group, highlights some USPs
THE SURGE OF PLOTTED DEVELOPMENT IN REAL ESTATE
Rohit Cariappa, director, sales & CRM, Assetz Property Group, on some trends
BRIGADE CITRINE WILL BE INDIA'S FIRST NET-ZERO RESIDENTIAL DEVELOPMENT
Brigade Group has launched Brigade Citrine, a residential project that sets new benchmarks in sustainable living.
FAR-SIGHTED?
Industry veterans look into the crystal ball and voice their thoughts
TREADING CAREFULLY
Off-the-road tyres are not being taken lightly anymore
IN A LEAGUE OF ITS OWN
bauma ConExpo India 2024 held its own with cutting-edge technologies and innovations
INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry