The Tamil Nadu government is likely to get Rs 8,583 crore for various road projects of 1,678 km of length. The road works are expected to commence from next year, Rajeev Ranjan, Principal Secretary, Highways and Minor Ports, said in Chennai on October 7.
Author: admin (Infratructure Today)
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Land acquired for widening of Stadium Link Road in Kochi
For widening the Stadium Link Road in Kochi, the Kochi Corporation has finally managed to acquire five cents of land after 13 years. The road connects the Jawaharlal Nehru International Stadium with Thammanam-Pullepady Road. Work on the started in 2000.
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Officials asked to pace up road works in Hyd
Hyderabad Mayor M Majid Hussain has asked all zonal commissioners of Greater Hyderabad Municipal Corporation (GHMC) to complete patch works and pothole -filling on main roads by October 14.
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Nagpur has to wait till Dec for asphalted roads
The Nagpur Municipal Corporation (NMC) has failed in its efforts to asphalt the city roads by Diwali in November. Hence the people of Nagpur will have to continue to face potholes and bad roads till December or even January, say media reports.
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Struggling highway projects may get package
The Union government plans to extend its rescue package to all struggling highway projects instead of the previously identified 23 projects.
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Russia plans to make commercial aircraft in India
In a move to slash cost of aircraft production India and Russia are planning production of two types of commercial aircraft in India. The move is expected to cut down the cost of aircraft production by 40 per cent, say media reports. Both the countries eye possible production of Russia's Superjet 100 regional airliner and a future Irkut MS-21 jetliner on the territory of India.
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CAD to be under control for time being: RBI
RBI Governor, Raghuram G Rajan has said that the current account deficit (CAD), which was going to take the country to crisis, is likely to be under control for the time being. He added that there has definitely been a positive change in the sentiment. He was addressing the Indian Institute of Management Raipur (IIM-R).
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Red Ford to invest Rs 1,000 cr in Lotus Green
Red Ford Capital, a Mumbai-based private Equity fund company, will buy a minority stake in Lotus Green's various real estate projects. Two townships have been planned by Lotus in Delhi. Lotus Greeen is also involved in the business of hotels, healthcare and education.
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Work on LNG terminal in Mangalore to start in Nov
Union Minister for Petroleum and Natural Gas Marpadi Veerappa Moily has stated that work on the new LNG (liquefied natural gas) import terminal at Mangalore will begin in next November. A feasibility study on the terminal is being carried out by a consortium of ONGC, BPCL, Mitsui and New Mangalore Port Trust (NMPT).
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Rise in Paradip port’s cargo traffic
In the first six months of the current financial year, Paradip Port Trust (PPT) has handled 34.12 million tonne of cargo. The handled cargo output is more from 25.63 million tonne in the corresponding period of the previous year, registering a growth of 33.13 per cent.