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.
Author: admin (Infratructure Today)
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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
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Shriram Transport mulls Rs 10 bn debt issue
In order to finance its growth plans, Shriram Transport Finance plans to launch public issue for Rs 1,000 crore worth of debt instruments. The company reportedly requires Rs 20,000-25,000 crore to meet disbursements every year, the majority of which would be met through debt and our own business. The company, which forayed into equipment finance business last year, has not performed well in that verti
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Bank of Baroda expects 20% credit growth
P Srinivas, Executive Director of Bank of Baroda is hopeful that the bank would be able to close the year with a credit growth of 19-20 per cent driven by a good show by the retail segments. While the firm expects moderation in growth in its corporate loan book, its retail loan segment would grow faster in 2012-13, he said. On capital infusion, he said government has not informed the bank about the quantum of infusion for the bank
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Microfinance firms raise funds
Several microfinance institutions (MFIs) in the country have raised capital during 2012 because of expectation of better growth prospects in the coming years. For example, Grameen Capital India, a social-investment bank, says $144 m of equity has been injected into microfinance groups in the past 12 months, mor
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Govt to send slew of proposals to cabinet
Union government would send a series of proposals to the cabinet. Among the proposals are the plan to launch a public sector undertaking (PSU) ETF (exchange traded fund). The cabinet would also receive a proposal to ease the offer for sale (OFS) norms to facilitate easier trades through this mechanism. The ministry is also moving a cabinet note to use the disinvestment proceeds for capitalisation of state-owned bank