In a move that may increase crude oil production of ONGC, the state-owned oil explorer's overseas arm ONGC Videsh (OVL) began production from its Carabobo oilfield in Venezuela oil-rich Orinoco Belt. The asset is operated by a joint venture firm Petrocarabobo, set up in Venezuela in June 2010 in which OVL has 11 percent stake. Oil India and Indian Oil Corp
Author: admin (Infratructure Today)
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Govt clears 14 FDI proposals worth Rs 13 bn
Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the reco
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Odisha govt received less guarantee from port developers
According to a report by the Comptroller & Auditor General (CAG), the Odisha government received less performance guarantee from minor port developers than that prescribed by the model concession agreement. For example, the developer of Astaranga port agreed to pay only 1 per cent performance guarantee as agai
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ABG, PSA may bid for JNPT project
Union Minister for Shipping GK Vasan informed that the PSA International, and the ABG Group would be allowed to bid at the fresh tender for the proposed fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) as long as they are not blacklisted. The contract given to the above two firms for cons
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Kochi metro plans SPV for transport project
In order to facilitate coordinated planning and implementation of the cityĆās transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle. The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integ
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Punjab proposes 6-lane Delhi-Ludhiana e’way
The Punjab government has planned new six-lane express highway between Ludhiana and Delhi mainly to de-congest the National Highway (NH) 1 and cut short the distance between the two cities.
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Karnataka okays Rs 3,658 cr rural road projects
The Karnataka State Cabinet on January 10 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 Ćā which includes a maintenance period of five years.
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Nod to Rs 5,652 cr road projects in Bihar,J’khand, Odisha
Two highway projects for widening of roads in Bihar, Jharkhand and Odisha have been approved by the Union government at an expenditure of Rs 5,652.03 crore. The projects approved by the Cabinet Committee on Economic Affairs (CCEA) included Rs 2,015.60 crore scheme for widening of Patna-Gaya-Dobhi section in Bihar and Rs 3636.43 crore project for Baharagora-Sambalpur stretch in Odisha and Jharkhand, an official statement said.
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Orang Kalaktang Shergaon Rupa Tenga road to be ready by 2014
The road broadening work on the Orang Kalaktang Shergaon Rupa Tenga (OKSRT) and the Balipara Bomdila Tawang (BBT) roads are on in full swing, Border Roads Organisation (BRO) Commander Col Rahul Trivedi has said. He assured that the OKSRT road would be fully operational by next year.
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‘Ensure zero tolerance for pollution in JK highway project’
According to media reports, an assembly panel of Jammu and Kashmir has voiced concern over ecological impact of 4-lane Srinagar-Jammu National Highway. The panel has stressed on ensuring zero tolerance for pollution and adoption of eco-friendly practices in the construction.