The construction of the runway at the upcoming Kannur airport will begin in 2012 and flight operations are expected to commence by 2014, according to the state Minister for Ports, Excise and Airports, K Babu.
Author: admin (Infratructure Today)
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Petrobras to increase exports to India
Brazilian national oil exploration firm Petrobras is in negotiations to increase crude oil exports to Indian refineries. Increasing export quantities to India would depend on negotiations.
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RIL plans $2.33 bn investment
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant. The corporation has another plant at Uran.
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The other zero-sum game
It is just as well that our Public-Private Partnership (PPP) policies, old or old-wine-in-new-bottle, are clear about private participation in the operations of infrastructure projects; in particular, it is a relief that private participants are put in charge of making projects viable.
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Multi-purpose jetty at Haldia
The Kolkata Port Trust has invited bids for construction of a 270-m long riverine multipurpose jetty at the Haldia dock. The jetty, to be located in the upstream of the present third oil jetty of the dock and complete with back-up facilities,
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A new opportunity to participate in Indian infrastructure
The government is finally preparing to launch its first IDF this year, albeit with a $3 billion corpus open to domestic investors alone. Vishal Shah and Smit Sheth hail IDF as a good beginning, but contend that the definition of infrastructure needs to be sharpened.
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Not enough credit enhancements
While in theory, the idea behind setting up IDFs is sound, the two structures proposed by the Ministry of Finance at present do not appear to have enough credit enhancement mechanisms to bring in domestic and foreign long term institutional investors, says Amit Dinakar.
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Banks should be nodal agencies to IDF
S Vishvanathan, MD and CEO, SBI Capital Markets, explains why the regulators of IDF have taken a rather cautious approach in developing it, and suggests that banks can take on the initial risk and then pass it on to IDFs-thus retaining the asset throughout the project.
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Given banks' experience, it'd be advantageous for them to launch IDFs
How will banks respond to the IDF allowance by the government? BK Batra, Executive Director, IDBI Bank, explains that this well thought-out scheme nevertheless needs to be tweaked to be fully productive.
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The New PPP Policy: The devil lies in the detail
The government recently decided the PPP policy needs clarity and drafted a new one. The new document, however, dwells too much in generalisations. A reward/disincentivisation should be a necessary part of awards, say Amit Kapur and Vishnu Sudarsan.