In order to reverse the decline in cargo handling at Kolkata Port, the authority planned to invest Rs 15,000 crore on various development projects till the end of the 12th Five Year Plan (2016-17). Cargo handling at the port declined to 43.245 million tonne (mn t) in 2011-12 compared to 47.545 mn t in the previous fiscal. The decline is attributed mainly to a fall in liquid bulk as also in crude oil movement. Meanwhile, the port is planning to sell or lease land in seve
Author: admin (Infratructure Today)
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Govt move may fast-track port projects
Experts feel that the recent move by the government to streamline security clearance for private-public-partnership (PPP) projects in the port sector may fast-track project implementation. According to the new procedure for security clearance, the shipping ministry would share a list of com
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Norms for LNG terminals
In order to encourage the setting up of LNG terminals in the country, the petroleum ministry framed rules on eligibility conditions for registration of liquefied natural gas terminals (LNG).
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TN’s new solar policy
The Tamil Nadu Government unveiled new solar energy policy which appears to offer a Rs 21,000-24,000 crore business opportunity and the players in the field apparently are waiting for the Government Order to specify the contours of the new policy.
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Corporate bond market
In order to develop a vibrant corporate bond market, the Union Finance Ministry is planning some steps in collaboration with Reserve Bank of India (RBI) and the Ministry of Corporate Affairs (MCA).
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Uttarakhand PPP policy
Following the clearance of the state cabinet, the Uttarakhand government notified its new public-private partnership (PPP) policy which intends to create a conducive environment for private investments.
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NHAI raps GMR over termination notice for h’way project
GMR has been rapped by the National Highways Authority of India (NHAI) for its termination notice for the country's biggest highway project worth at least Rs 6,000 crore.
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Rs 50k road projects held up due to soil mining curbs
Media reports say that a court-ordered clampdown on mining sand, soil and gravel is beginning to hurt the construction business and infrastructure projects such as roads and highways. According to industry estimates, at least 70 highway projects estimated to be worth over Rs 50,000 crore are stuck due to delays in Ministry of Environment and Forests (MoEF) clearances that have been made mandatory to mine common soil, resulting in developers not being able to start basic foundation work.
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BBMP upgrades Bangalore’s seven main roads
Traveling on Bengaluru's roads in Central Business District (CBD) could get a lot smoother in 2013, if the BBMPÂ’s plans come through. The civic body has invited bids under its Tender SURE (Specification for Urban Road Execution) project, which sets high standards for laying and maintenance of the roads. The State government has allotted Rs 200 crore for project in its budget for 2012-13.
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China to build world’s highest airport in Tibet
In Tibet, China will start work on the world's highest airport next year. The airport is to come up in in Tibet's Nagqu county, the State media Xinhua news agency has said.