To declare the 121 km Lakhipur-Bhanga stretch of the Barak River as a National Waterway the Union Cabinet on January 10 approved the introduction of a Bill in the Parliament. The Cabinet also gave its approval for preparation of projects/schemes for development of infrastructure facilities on this stretch of the river at an estimated cost of Rs.123 crore with implementation in two phases.
Author: admin (Infratructure Today)
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Goa govt set to collect toll on its roads
The Goa government has notified draft rules which propose charging vehicles for using State highway, district road, village road and bridges, but have exempted Goan private vehicles from this regime. While two wheelers are also exempted, commercial vehicles will have to pay the requisite fees.
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NHAI may bar GMR from its bids
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are contemplating action against GMR Group for its 'abrupt and unilateral' walkout of the 555-km-long Kishangarh-Udaipur-Ahmedabad National Highway project. Alleging delays in approvals GMR has come out of the road project.
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NHAI goes to SC on roadblocks, forest approvals
Seeking modification of its guidelines mandating forest clearance prior to environmental clearance, the National Highways Authority of India (NHAI) on January 9 moved the Supreme Court, saying the related procedures have delayed and stalled 22 important projects worth over Rs 20,000 crore.
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L&T faces Rs 3k cr order cut as GMR drops road project
Larsen & Toubro faces the prospect of cancellation of one of its biggest road building contracts worth almost 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 being set up at a cost of 7,700 crore for the six-lane Udaipur-Kishangarh-Ahmedabad segment of the national highway, citing land acquisition, environmental clearance and toll notificat
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Roads are key to over-all economic development
Road sector plays a key role in the over-all economic development of the country, said the Union Minister of state for Road Transport and Highways Sarvey Sathyanarayana. He was speaking at the 73rd Annual session of the Indian Roads Congress being held at Coimbatore, Tamil Nadu.
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Grameen Koota in talks to raise capital
Bangalore-based micro-finance company Grameen Financial Services (Grameen Koota) is reportedly in talks with a few financial institutions to raise around $10 million capital. According to media reports, the company may raise the fund through private equity investors. It may be recalled that Grameen Koota raised capital earlier from Aavi
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Additional provisioning may hit PSBs
The earnings of public sector banks (PSBs) may take a beating in Oct-Dec 2012 quarter because of an additional provisioning of 0.75 per cent, as directed by the Reserve bank of India (RBI), analysts feel. Analysts expect private sector banks to post better earnings results during the quarter as compared to their public
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Magma expects recovery in equipment finance in H2 of FY14
V Lakshmi Narasimhan, Chief Financial Officer of Magma Fincorp expects recovery in the commercial vehicle and equipment finance segments during the second half of 2013-14. The recovery would have tangible impact on commercial vehicle and equipment finance segments. Owin
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Till December, freight loading of SER rose 4.56%
During the April -December 2012-13, freight loading by South Eastern Railway (SER) rose 4.56 percent to 92.16 million tonne (mn t) as against 88.14 mn t during the year-ago period. Till December 2012, the performance of SER surpassed the target laid down by Railway Board. The divis