The state government has started work on a flyover at the Dunlop crossing to allow vehicles from Dakshineswar and the other side of the Hooghly smoother access to BT Road.

The 640m flyover is scheduled to be ready by 2011. The cost of the project has been estimated at Rs 37.56 crore.

The state public works department (PWD) has awarded the contract to Simplex Projects Limited, which built the parking plazas on Rawdon Street and Lindsay Street.

“The flyover will have two lanes open to one-way traffic. Only vehicles moving towards Calcutta along PWD Road will be allowed on it. Vehicles leaving Calcutta will have to use the road,” said PWD minister Kshiti Goswami.

PWD Road is a vital link between the city and the districts. Vehicles from other states also take the route to the city.

Calcutta-bound traffic on the stretch is often stuck for several minutes at the Dunlop crossing.

Portions of PWD Road are now being barricaded for the flyover project. “The construction will start in February. If all goes well, the flyover will be opened by January 2011,” said the chairman and managing director of Simplex Projects, B.K. Mundra.

According to the site engineer of the project, Sanjib Das, the flyover will ascend from Ashokgarh. It will take a right turn and descend near the first gate of the Indian Statistical Institute. The flyover will be about 8.5 metres wide.

Encroachments like cow sheds and shanties and heavy traffic, particularly lorries from north India, on PWD Road had forced the authorities to plan the flyover. Commissioning of Nivedita Setu and segregation of goods traffic have since decongested the road somewhat.

Some engineers in the PWD roads wing feel the interchange flyover is no longer necessary with goods traffic being diverted to the Belghoria Expressway. According to them, those who travel to the city from North 24-Parganas, Hooghly, Howrah and Burdwan would have benefited more from a flyover at the Shyambazar five-point crossing.

A vehicle has to wait about eight minutes at the Dunlop crossing for the traffic light to turn green, said an engineer. Reaching APC Road, RG Kar Road or Bhupen Bose Avenue takes much longer.

There are five signals between Tallah bridge and the Shyambazar crossing, hence a motorist takes about 20 minutes to cover the short stretch.

News Source

Simplex Projects has bagged the contract for constructing two stadiums for Commonwealth Games for Rs. 750 million. The project includes Talkatora indoor stadium worth Rs. 500 million and Talkatora phase II worth Rs. 250 million. The company will be carrying out major renovation and improvement work of Talkatora Indoor stadium. The project also includes construction of a new block having an area of approximately 25,000 sqm, which will house facilities for players, media and commonwealth games officials along with communication and medical facilities. Along with this the project work will also include renovation of the existing stadium and construction of the new block and a double basement parking facility for 300 cars.

News Source

Kolkata: City-based infrastructure company Simplex Projects Limited (SPL) on Thursday said it had bagged a mass housing project worth Rs 2,000 crore in Libya.

B K Mundhra, Chairman and Managing Director of SPL said here today that the project, awarded by the government of Libya, was their first overseas contract. It would take 36 months to execute.

Mundhra said the company was aiming to strengthen its overseas footprint and was hopeful of getting contracts from the Middle East in near future.

R D Mundhra, Director, SPL said that the project was won by the company through an international bidding process in which other major Indian construction companies were also involved.

Under the project, located in central Libya, 2000 houses of 2500 sq ft each and a public building of 72,000 sq ft over 300 hectares of land would be built.

Asked about credit risk, Mundhra said the entire receivables from the Libyan project had been insured from the Export Credit Guarantee Corporation at a cost of Rs 14 crore.

Mundhra said the company was projecting a growth of 30 per cent during 2008-09 as against 60 per cent growth registered during the year before due to slowdown in private projects.

In 2007-08, the company earned revenue of Rs 229 crore. The company has a total order book of Rs 3,000 crore.

News Source

Kolkota: Kolkota-based civil engineering and construction company Simplex Projects Limited today said it had been awarded a contract for the development of a housing project in Libya.

The Rs2,000-crore project has been awarded by the Libyan goverment as a public works contract. The project includes construction of public building, schools, health centres, mosque, community hall and shopping complex.

The project site is situated 70km from Sebha in central Libya. The project comprises construction of 2,000 housing units with an area of 2,500sq-ft each and a 72,000sq-mtr public building covering an area of 300 hectares. Read the rest of this entry »

Civil engineering and construction company, Simplex Projects has won a Rs 2,000 crore($400 million) contract for development of a housing
project in Libya. The project includes construction of public building, schools, health centers, mosque, community hall and shopping complex. The project is to be completed in 36 months.

The project site is situated 70 km from the city of Sebha in central Libya. It involves construction of 2,000 housing units with an area of 2,500 sq ft each and a 72,000 sq mt public building covering an area of 300 hectares. The scope of work for this project also includes construction of complete infrastructure like roads, drainage and sewage systems. Read the rest of this entry »

Simplex Projects Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter and half year ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 31, 2008) regarding the details of funds raised through IPO and utilisation of said funds. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

News Source