Tamil Nadu's Budget tabled in the State Assembly on March 21 featured a number of schemes and allocation on both the plan and non-plan expenditure fronts. The widest ramification seems to be the announcement of a Multi Modal Transport Integration Study to be carried out over the financial year. Other major announcements included identification of four sites based on traffic flow patterns for flyover projects, and the allocation of Rs 1,250 crore towards plan expenditure on urban development sche
Author: admin (Infratructure Today)
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Sadbhav wins 4-laning work of Rohtak-Hissar NH stretch
Sadbhav Engineering has been declared the successful bidder for four-laning of Rohtak to Hissar Section of NH-10 from km 87 to km 170. The National Highways Authority of India (Ministry of Road Transport and Highways) had invited the bid for the road widening project.
The road project is to be executed as BOT (toll) project on DBFOT pattern under NHDP Phase III in Haryana. The length of the road project is 98.810 Km).
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Delhi’s flyover is ready to facilitate signal-free ride
Delhi's signal-free ride is ready for road users. The signal-free ride from Delhi Cantonment to Dwarka and west Delhi areas will be a reality in a couple of days as the South Delhi Municipal Corporation is all set to inaugurate the Pankha Road flyover shortly.
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Projects worth Rs 63 bn awarded so far in 2012-13
Agency reports indicate that the union shipping ministry awarded 27 projects worth Rs 6,302.31 crore between April 1, 2012 and March 19, 2013. It may be recalled that the ministry aimed to award 42 projects entailing Rs 14,500-crore investment in 2012-13. The targeted 42 projects were to raise the capacity of major ports by 245 million tonne (mn t). However, the a
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Consortium may lend Rs 7 bn to Dighi Port
A consortium of banks led by Bank of India would reportedly lend Rs 700 crore for the infrastructure project proposed to be carried out by Vijay Kalantri-promoted Dighi Port. The project, which is estimated to cost Rs 1,000 crore, includes setting up a new berth and road and rail infrastructure at the port. The remaining cost would be met by the promoters, reports indicate
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Container traffic at Chinese ports rises
Container traffic at the ports in northern Hebei of China rose 22.8 percent on a year-on-year basis to 142,000 Twenty Foot Equivalent Unit (TEU) in the first 2 months 2013. The collective cargo throughput increased 10.9 percent to 134.83 million tonne (mn t). While the port of Qinh
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Ports in Andhra witness decline in ore cargo
The hike in export duty on iron ore, increase in railway freight rates for export cargo of ore and the ban on illegal ore mining affected exports of the raw material. Gangavaram Port exported only 271,000 tonne this year as against 2.1 million tonne last fiscal. Other ports in Andhra Pradesh Visakhapatnam and Kakinada deep water ports lost 30 per cent in iron ore cargo traffic during 2012-13. In 2011-12, Kakinada Port
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SEEPCO, ONGC may close $2 bn oil and gas deal
Sterling Energy and Exploration Production Company (SEEPCO) may sell its 25-30 percent stake in four hydrocarbon blocks in Nigeria to ONGC Videsh, the overseas arm of Oil & Natural Gas Corp (ONGC). The value of the deal, which is not yet finalised, is expected to be $2 billion. Both the companies entered into a confidentiality agreement for the deal and OVL is reportedly conducting due
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Supply may outstrip demand in medium term
Media reports indicate that although the global demand and supply for crude oil and natural gas is in balance, in the medium term supply may outstrip demand. In the short-run, higher production from shale in North America is being offset by substantial outages elsewhere, principally as a result of sanctions on
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ONGC to invest Rs 40.5 bn on 2 projects
At a recent board meeting, the state-run energy explorer ONGC decided to invest over Rs 4,050 crore to upgrade Western offshore facilities (on the Arabian Sea) through two major projects. The first project includes revamp of Unmanned Platforms Phase Ćā II in Mumbai High and Neelam & Heera Asset. The total revamp job is expected to be completed by pre-monsoon 2016