Through its Pre-Budget Memorandum submitted to the Union Finance Ministry, industry body CII urged government to take urgent steps to make infrastructure sector viable and capable of attracting capital. The memorandum listed some of the steps that the government should take to attract capital into the sector. For example, the body wants government to waive Minimum Alternative Tax (MAT) for infrastructure companies.
Author: admin (Infratructure Today)
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Cabinet Committee on Investment to study implementation of key projects
The recently set up Cabinet Committee on Investments (CCI) will study the implementation of critical proĆĀjects including the procedures involved in their clearance or reĆĀfusal and the delays such projects are facing. The panel would monitor the clearance or refusal process for infrastructure and manufacturing sector projects costing more than Rs 1,000 crore.
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L&T faces RS 3,000 cr order cut
Larsen & Toubro faces the prospect of cancellation of one of its biggest road building contracts worth almost Rs 3,000 crore as its client GMR Infrastructure has decided to terminate the toll road project for National Highways Authority of India (NHAI). GMR Infrastructure has pulled out of NHAI's biggest road project
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GAIL revives pipeline project
GAIL India has revived the much delayed Rs 7,596 crore Jagdishpur-Haldia gas pipeline gas pipeline project. It is learnt that the groundwork for the project, which was sanctioned in 2007, is yet to start. The project was sanctioned almost five years ago. However, first a glitch over gas availability led to delay in execution.
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K'taka rural road projects
The Karnataka State Cabinet cleared two rural road improvement projects worth Rs 3,658 crore in 189 Assembly constituencies across the state. Under one scheme, 30 km of rural roads will be developed in each of the 189 Assembly segments at a cost of Rs 42 lakh per km.
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Road projects for Arunachal
The Union Government approved the construction of two roads in Arunachal Pradesh - Bameng to Lada (55 km) and Miao to Vijaynagar (157 km) - in principle under the Prime Minister Gram Sadak Yojana (PMGSY).
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TN road infra projects
The Tamil Nadu State Highways Department is implementing road infrastructure improvement projects at a cost of Rs 10,000 crore. In 2012-13, the state had allocated Rs 2,262 crore for 4,943 km roads works and 150 infrastructure works. In the next 10 years, 2,000 km roads would be made into six-lane or eight-lane, 5,000 km roads would be made four-lane and all roads in the state would be at least two-lane at a cost of Rs 1.33 lakh crore.
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nod for 2 road projects
The Union Cabinet approved proposals for two highway projects worth over Rs 5,000 crore. The Rs 2,015.6 crore highway project in Bihar will be implemented with financial assistance from Japan. The other one is four-lane 368.2-km-stretch in Odisha. The Cabinet Committee on Economic Affairs (CCEA) also approved the implementation to four-lane the Patna-Gaya-Dobhi section in Bihar with Japan International Cooperation Agency (JICA) loan assistance.
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Atlas copco among top sustainable companies
Atlas Copco today was again recognized as one of the most sustainable companies by the annual Global 100 list. The list, presented at the World Economic Forum in Davos, Switzerland, ranks companies that show they are increasing productivity while using less resources. Atlas Copco is ranked 18th on the list.
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Terminals at Chennai airport opened
The new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. The Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six million domestic and three million international passengers.