The NDA Government has allotted Rs 1006.64 as equity for the Phase III project of Delhi metro in the Union Budget recently, reflecting a hike of 22 percent with over Rs 4,200 crore being allotted to it.
Author: admin (Infratructure Today)
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Bangalore Metro to chug through tunnel
Though Namma Metro is preparing for a June-launch of services between Magadi Road and Mysore Road on the East-West Corridor, for the first time in the history of the Bengaluru Metro project, Bangalore Metro Rail Corporation (BMRCL) will run a train through a tunnel on March 12.
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PPP model of airport development lauded
Public-private partnership (PPP) in the development of airports has been flagged as ´one of the significant achievements´ in the civil aviation sector, in the Economic Survey 2014-15. The Survey points out that the PPP model has led to a significant improvement in infrastructure and in collection of revenue.
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Railways hopeful of higher GDP growth
Indian Railways´ target of increasing freight tonnage by an incremental 85 million tonnes (mt) in 2015-16, against the traditional annual average of 50 mt, might appear ambitious, but the national transporter believes achieving such growth will not be a big task.
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Tax-free infra bonds for railways & roads
Moving ahead with NDA Government´s focus on building infrastructure, Finance Minister Arun Jaitley in his budget speech announced introduction of tax-free infra bonds for railways and roads.´We have increased the budgetary allocation to roads & railways,´ said Jaitley.
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GVK, GMR keen on airport projects
Eight companies, including GMR Airports, GVK Group and Adani Ports and Special Economic Zone (APSEZ), have evinced interest in the government project to modernize the airports in Kolkata, Chennai, Ahmedabad and Jaipur.
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Govt allocates funds for Pune Metro
The Union Government has a plan outlay of Rs 126.58 crore, equity of Rs 70.38 crore and loans of Rs 56.20 crore for the Pune Metro rail in the 2015-16 budget.
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Airport, Metro projects will add Rs.1,450 crore to GDP
According to the audit by the National Council of Applied Economic Research (NCAER), big-ticket projects of airport-related infrastructure and Mumbai Metro will contribute Rs 1,450 crore in income to country´s gross domestic product during the entire construction phase (2014-15 to 2018-19).
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OMRON showcases new concepts & products
OMRON-¦s Electronic and Mechanical Components business arm displayed its prowess in the field of development of electronic components for smart meters at the ongoing India Smart Grid Week-¦2015 (ISGW).
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The new gas pricing policy is a step in the right direction but more is needed
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ‘Make in India’ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.