The Rajasthan government has given approval to financial closure for the long pending ring road project in Jaipur and is expected to begin soon. Once the letter is issued by the Jaipur Development Authority (JDA), the contract company Sanjos Supreme will have to complete work in 21 months. The Jaipur Development Authority (JDA) after examining the financial closure critically provided by the company submitted it to the State government for approval.
Author: admin (Infratructure Today)
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Roads in rural Delhi areas will be developed: CM
Delhi Chief Minister Sheila Dikshit on March 2 stated on March 2 that the government has decided to improve all major road networks in rural areas including those in villages before the monsoon season. Dikshit said this after launching a road improvement project in Bawana area of North-West Delhi.
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1,605 km of roads built under NHDP till Dec: Survey
About 1,605 km of roads were constructed till the end of December 2012 under various phases of the National Highways Development Project (NHDP), the Economic Survey said recently. While the total length estimates to be at 5.94 km per day in nine months, projects for another 878 km to be constructed in the remaining three months of financial year 2012-13 have been awarded, says the survey.
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Rs 33,000 cr earmarked to buy aircraft, aeroengines
The Union government has earmarked more than Rs 33,000 crore for acquiring aircraft and aero-engines from the Rs 86,000 crore modernisation budget for the forces. The Indian defence forces are planning to finalise major deals such as the one for 126 Rafale combat aircraft.
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Rajasthan’s Neemrana may get a new airport
Rajasthan's Neemrana is going to have a new airport. The Union government is planning to set up the airport city near Neemrana, bang in between Delhi and Jaipur, a move that's likely to spur real estate and infrastructure development in the region. Over the last few years, Gurgaon has been expanding in the direction of Neemrana, with areas like Manesar already becoming hubs of industrial and housing activity.
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IndiGo launches 8 new flights from March
Low cost carrier IndiGo has launched eight new flights on its domestic network from March 1. The carrier will now operate its fifth daily and direct flight between Delhi and Chennai and second daily and direct flight between Delhi and Kochi. Additionally, the airline will operate its fourth daily and direct flight between Mumbai and Chennai and fourth daily and direct flight between Mumbai and Kolkata.
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Air India to up its flight services in regional routes
Now, Air India wants to expand its presence on regional routes after SpieceJet. SpiceJet's success in tier-II and III markets has propelled the State-run carrier to the move. It will shortly invite bids to replace its fleet of 11 ATR-42s and Bombardier CRJ planes with newer fuel-efficient turbo prop planes to improve its operating result.
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India’s no-frill carriers plan buying smaller aircraft
India's no-frill carriers have started thinking of buying smaller aircraft with IndiGo even evaluating launching a regional subsidiary. The move follows the government focusing more on improving regional connectivity, a leading aviation consultancy firm has said. IndiGo is also evaluating the possibility of placing an ATR (turboprop aircraft) order to establish a regional subsidiary, the Centre for Asia Pacific Aviation (CAPA) said in a latest report.
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Angel expects banking license norms to be a game changer
Angel Broking feels that the final new bank licensing guidelines released by the Reserve Bank of India (RBI) are potentially game-changing for the banking sector. The brokerage firm expects six to eight very serious corporates, with deep-pockets (far more than was earlier being anticipated), may get a banking license
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Budget may have mixed impact on oil and gas sector
Industry watchers feel that the budget 2013-14 was a mixed bag for the oil and gas sector. While the Finance Minister announced that his government would soon release shale gas policy and review the pricing of natural gas, industry players are cautious. They feel that one has to wait and watch how the