Confederation of Indian Industry (CII) has said that Government should take steps for speedy implementation of key railway projects such as the dedicated freight corridor, high-speed rail corridors and other capacity enhancement works to reduce supply chain costs.
Author: admin (Infratructure Today)
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Power Finance Corp cuts renewables interest rates
Power Finance Corporation has reduced its interest rates for renewables projects by 50 basis points, equating to a 0.50 per cent cut. The State lender to electricity utilities claims to have approved Rs 23.13 billion ($430 million) for 611 mw of renewable capacity in the year ending March 2012. According to Bloomberg, the company has lent a total Rs 53.73 billion to wind, solar and hydro projects.
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Rail Budget proposes Rs 634 bn investment in FY14
Union Railway Minister Pawan Kumar Bansal announced a planned investment of Rs 63,363 crore for 2013-14, including Rs 600 crore from public private partnership (PPP) route. He said this while presenting the railway budget for 2013-14 in Parliament today.
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Kolkata’s fringes continue to get real estate growth
Due to paucity of land Kolkata might have remained bereft of mega housing projects. But small parcels of development is likely to keep the real estate sector moving in the city. Kolkata and its fringes are likely to see a multitude of small housing projects in areas like Rajarhat, E M Bypass, Diamond Harbor, Garia and Kona Expressway over the next twelve to eighteen months, according to developers.
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Mumbai civic body awards Rs 620 cr worth road works
The Brihanmumbai Municipal Corporation standing committee has awarded road construction and repair contracts worth around Rs 620 crore on February 25. Interestingly, the biggest contract - worth Rs 181 crore - was awarded to a firm called RPS Infra Projects, which has been blacklisted by BMCÂ’s buildings department for allegedly submitting fake bills in aproject around a year ago.
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Growing Indian middle class economy needs LCCs: Govt
Tata Sons has not intimated anything so far to the Union government about the possible alliance with Malaysian low-cost carrier (LCC) AirAsia, the Union Civil Aviation Minister Ajit Singh has said on February 24.
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Ministry wants to replace DGCA with new regulatory body
The Union government is likely to place a new legislation in the ongoing session of Parliament that will replace the Director General of Civil Aviation (DGCA), the present regulator, with a new autonomous regulatory body. Civil Aviation Minister Ajit Singh said the Cabinet note on the creation of the new regulatory body — the Civil Aviation Authority (CAA) — was being prepared.
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AirAsia may face fuel, airport cost hurdles in India
Experts say that AirAsia's unique selling proposition (USP) is its low fares and the airline can afford to offer those round-the-year because its unit costs are among the lowest. The airline earns 18 per cent of all revenue from ancillary sources.
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Airbus upbeat on India demand
In the face of financial woes creeping across its airline sector, Airbus is sticking to upbeat forecasts for aircraft demand in India. The European planemaker recently said in Singapore that there is a lot of growth. The Indian aviation industry lost a combined $2 billion last year and all but unlisted IndiGo - an Airbus customer - lost money, complaining of high taxes on jet fuel, expensive airports and subsidies to state carrier Air India.
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ANA intends to be next gateway carrier for India
Now Japan's All Nippon Airways (ANA), which has declared its ambition of becoming the next gateway carrier for India, is aiming to scoop up US-bound passengers and taking them to their destinations via its transit hub in Tokyo. In the near future, All Nippon Airways (ANA) not only plans to add a couple more Indian cities to its network, but also quadruple capacity to Mumbai, where it has daily flights.