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Author: admin (Infratructure Today)

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Work on Navi Mumbai Metro Rail begins

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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More premium bids for NHAI

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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Private investments rising

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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Four in race for Nargol port

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.

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Non-major ports under Centre?

Non-major ports under Centre?

Keeping in mind the security issues being faced by India, the National Shipping Board (NSB) has sug­ge­­sted that all the major and minor ports in the country should be brought under the control of Union Government.