Petronet LNG, which proposes to set up a five million tonne per annum LNG terminal at Gangavaram, Andhra Pradesh at a cost of about Rs 5,000 crore, received final approval from its board for the investment. The firm, which expects to complete the project by end-2016, has finished several pre-project activities and it is working towards short-listing of potential cont
Author: admin (Infratructure Today)
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Adani reportedly finanlises deal to acquire Dhamra Port
At a recent meeting with L&T Chairman AM Naik and Tata GroupĆās new Chairman Cyrus Mistry, Adani Group Chairman Gautam Adani finalised the deal to acquire Dhamra Port Company (DPCL) in Odisha, reports suggest. During the meeting, the terms and conditions of the deal, which involves acquiring stakes of the construction major Larsen & Toubro (L&T) and Tata SteelĆās stakes in DPCL, was finalised
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Ministry to announce tariff norms for future projects
Union Shipping Minister GK Vasan informed that his ministry would announce in a couple of months new guidelines on tariff fixation for prospective projects. He said this while speaking at a maritime summit in Mumbai. Reports suggest that the ministry cleared a plan to allow port-terminal operators the freedom to fix their service rates
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Congress considers raising fuel prices
The ruling Congress Party at the centre is considering to raise the price of diesel and kerosene in order to reduce the government's fuel subsidy burden and thereby reduce its fiscal deficit. It may be noted that the Congress Core Committee, which has representatives of the party and the government, discussed the issue recently. Although no decision has yet been taken, the party is said to be evolving consensus on raising prices for the
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AP likely to get Rs 400.81 cr for its road projects
The Union government is likely to approve rural road project proposals of Rs 400.81 crore for 138 road works in Andhra Pradesh under the Pradhan Mantri Gram Sadak Yojana. Union Minister for Rural Development Jairam Ramesh on January 16 informed this to the State Chief Minister N Kiran Kumar Reddy through a letter.
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Kundapur-Goa border highway to be four-laned in Karnataka
The National Highway Authority of India (NHAI) will take up four-laning of the 190-km stretch of NH 17 from Kundapur to the Goa border in Karnataka. The road project in the west coast is expected to be completed by 2016. The detailed project report (DPR) for the 1,756 crore project is ready and work is likely to commence by mid-2013.
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TN to take up patch-up work on CTH Road in Chennai
The Tamil Nadu Highways Department has sought funds from the State government for patch-up work of Chennai Tiruvallur High Road (CTH), on which commuters get harrowing experience. The proposed patchwork will definitely bring some respite to the road users.
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State govts clear Rs 200 bn expressway project
Union Road Transport and Highways Minister CP Joshi informed media persons that Delhi, Punjab and Haryana governments agreed to construct a 357 km Delhi-Ludhiana Expressway at an investment of Rs 20,000 crore. This would be a six-lane expressway between Ludhiana and the national capital and the route map for this would be finalised by next month, the minister
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TN govt to spend Rs 66.5 bn on urban infrastructure
The Tamil Nadu government plans to upgrade civic amenities like drinking water supply, drainage, sewerage, solid waste management across urban areas in the state at an investment of Rs 6,654.03 crore. In this regard, the state government launched recently an integrated urban development mission which would be implemented in the city corporations and muni
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RBI deputy chief for widening investor base in bonds
HR Khan, Deputy Governor, Reserve Bank of India (RBI) called for steps to encourage insurance companies, pension funds, provident funds, and other institutional investors to invest in bonds issued by infrastructure firms. Presently, the insurance and pension funds are legally required to invest a substantial proportion of their fund