Hyderabad's 72-km Metro Rail project is based on a revenue model of 50 per cent from passenger fares, 45 per cent from property development and 5 per cent from advertisement and other miscellaneous sources. The Rs 14,132-crore project, being implemented under the public, private partnership mode by concessionaire L&T, has a viability gap funding from the Central Government to the tune of Rs 1,458 crore while the remaining Rs 12,674 crore is being raised by L&T, which has already achieved financi
Author: admin (Infratructure Today)
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Centre allocates funds for Metro rail projects
The Union Minister of State for Urban Development Deepa Dasmunshi has stated on March 21 that the provision of Rs 5,897.57 crore and Rs. 6,450.75 crore were proposed in the Union Budget 2012-13 and 2013-14 respectively as Central Government's assistance for metro rail projects.
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Firms make 118 discoveries in 39 NELP blocks
The Minister of Petroleum & Natural Gas M Veerappa Moily informed Lok Sabha that so far, a total of 118 discoveries (45 oil and 73 gas) have been made in 39 New Exploration Licensing Policy (NELP) blocks. This resulted in establishment of In-Place oil volume of 39.76 million metric tonne (mn t) and gas volume of 705.36 billion cubic meter (BCM) respectively. He added that a total of 360 exploration blocks were offered unde
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Steel output contracts marginally in February
Data from the World Steel Association (WSA) shows that steel output in India contracted a marginal 0.5 per cent to 6.2 million tonne (mn t) in February from 6.229 mn t in the year-ago month. During the same month, global steel production expanded 1.2 per cent to 123 mn t. The US produced 6.7 mn t steel in February 2013, down 11.8 per cent over the same month last year
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‘RBI policy does not meet real estate sector expectations’
Confederation of Real Eastate Developers' Association of India (CREDAI) has expressed disappointment over the Reserve Bank of India's (RBIĆās) decision to cut repo rate by 'just' 25 basis points. It said that the Central bank appears to be missing opportunities time and again.
Lalit Kumar Jain, National President of CREDAI said that the builders body has over 10,000 members across 20 cities pan-India.
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New policy soon for growth of aviation sector
For a new policy of sustainable and orderly growth of aviation sector in the country, the Union Civil Aviation Ministry has prepared a white paper, the Rajya Sabha was told on March 22. To have a sustainable and orderly growth of the aviation sector, the Ministry has felt the need to spell out a long-term Civil Aviation Policy to address various issues related to the sector, Union Minister of State for Civil Aviation KC Venugopal said.
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DDA approves land pooling policy
The Delhi Development Authority (DDA) cleared land pooling policy in order to give fillip to the residential projects in the city. The policy is expected to address housing problems, particularly for the economically weaker sections. Before notifying the policy, the authority would invite suggestions and objections. Presently, DDA acquires land directly from farmers or land holders. Lack of ad
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Finance Min tells RBI to tag road loans as secured
The Union Finance Ministry has urged the Reserve Bank of India to consider a change in its stance that treats loans to road projects as unsecured. If the RBI sheds its reluctance to treat highway sector lending as secured loans, credit flows to the fund-starved sector could grow by at least 20 per cent-25 per cent, officials said.
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TN gets World Bank’s aid for road project
For the second phase of Tamil Nadu Road Sector Project, the State government has obtained approval of the World Bank and the Central government, said Finance Minister O Panneerselvam, while presenting the State budget for 2013-14 in Chennai on March 21. Under this project, a total of 1,678 km of roads will be strengthened and widened.
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Cuttack-Chandbali h’way project in Odisha to take off now
Work on the much delayed Cuttack-Chandbali State highway expansion project in Odisha is all set to take off. The road project has been funded by the World Bank. The 106-km long and Rs 800 crore worth highway expansion project mooted in 2006 had failed to make a headway due to land acquisition problems.