The country's infrastructure companies are increasingly taking up projects in Africa to offset the impact of slowdown in domestic orders because of delayed decision-making by the government, hurdles in land acquisition and environmental clearances.
Author: admin (Infratructure Today)
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Work on Navi Mumbai Metro Rail begins
The much-awaited Navi Mumbai Metro Rail (NMMR) project is on track and foundation works for the first phase of line between Belapur and Pendhar has commenced, City and Industrial Development Corporation (CIDCO) said.
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Jammu Airport expansion project gets SC clearance
The much awaited and much delayed Jammu Airport expansion successfully crossed final hurdle when the Supreme Court-appointed Central Empowered Committee (CEC) gave its clearance to 'change of use' on seven
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More premium bids for NHAI
All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.
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Iran natural gas for India
India is considering the import of natural gas from Iran via an under-sea pipeline, according to an Iranian official.
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ONGC seeks land at Dahanu
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant.
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Private investments rising
Private sector's role in infrastructure is poised for significant growth in the 12th Five Year Plan, possibly accounting for about 35-40 per cent of projected investment of $1 trillion, said JP Nayak, President, Larsen & Toubro.
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Tax-free bonds of 4 firms
Government has allowed four firms to raise Rs 300 billion via tax-free bonds in the current financial year.
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Mundra lone bidder for chennai terminal
Chennai port's proposed third terminal has received only one price bid, from Mundra Port and Special Economic Zone (MPSEZ) as six groups backed out of the auction to build the Rs 3,686 crore facility.
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Four in race for Nargol port
Four leading corporate groups have remained in the race for developing Gujarat Maritime Board's (GMB) proposed greenfield port off Nargol village in South Gujarat.