The Centre will set up 50 regional airports over the next three years, according to Civil Aviation Minister Ashok Gajapathi Raju. “We estimate about 50 new regional airports to come up in the next three years. Ten of them would be ready by the end of this year,” Gajapathi Raju told BusinessLine newspaper.
Author: admin (Infratructure Today)
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PuneÂ’s new airport readies for take-off
PuneÂ’s proposed international airport has gained momentum with Chief Minister Devendra FadnavisÂ’s tweet that the technical team from Airports Authority of India (AAI) will conduct preliminary study of Rajgurunagar site, near Khed Special Economic Zone, in the first week of September.
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NHAI awards contract for 2-laning of NH-116
The National Highways Authority of India (NHAI) has issued a letter of award (LoA) for two-laning of the Tonk-Sawai Madhopur section of NH-116 in Rajasthan under the National Highways Development Programme (NHDP) Phase-IV.
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Government plans to make India a hub for aircraft maintenance
In an effort to make India a hub for aircraft maintenance and repair, the government plans to set up two new facilities in the country to scale up the sector currently valued at around Rs 5,000 crore.
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Govt to open automobile clusters near ports
Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
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Slow investment recovery holding back growth | India Ratings
India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.
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Vishakhapatnam Port poised for expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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RB Infra plans to raise Rs 6,000 crore through InvITs
In what could be the first fund-raising exercise through Infrastructure Investment Trusts (InvITs), toll road builder IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore and is expected to file the draft red herring prospectus (DRHP) within a month.
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Sterling generators provide one-stop solution for mining applications
Having the colossal capability of engineering, manufacturing, project execution and servicing a complete diesel generator-based power generation plant, Sterling Generators is the one-stop power solution provider.
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Bihar gets its first SCADA-DMS Project Control Centre
The SCADA-DMS Project for Patna city undertaken by Schneider Electric (SE) has been inaugurated by Nitish Kumar, Chief Minister, Bihar. The SCADA-DMS Project is undertaking power monitoring, control and modernisation of the Patna electric distribution network.