The first phase of the $90-billion Delhi-Mumbai Industrial Corridor (DMIC), a collaboration between India and Japan, is expected to begin late this year and be completed in 2018, say officials. The project to build a 150-kilometer corridor on either side of the 1,483-km freight rail line planned between Delhi and Mumbai was to have started in 2008. The project incorporates nine mega-industrial zones of about 200 to 250 sq. km, a high- speed freight line, three ports, six airports, a six-lane intersection-free expressway and a 4,000-megawatt powerplant. It will develop 24 locations into high-tech residential and industrial hubs, according to
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.