In addition to Japanese companies now Korean automobile firms, including Hyundai Highway of Hyundai Merchant Marine (HMM), have been scouting for alternative sea ports as Chennai Port has become very congested. Chennai city houses three sea ports, of which containers are handled by Chennai Port and L&T Kattupalli Port.
Author: admin (Infratructure Today)
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After ORR, Hyderabad to have a 290-km regional ring road
The Hyderabad Metropolitan Development Authority (HMDA) plans to undertake Regional Ring Road (RRR) project covering 290 km as proposed in the Metropolitan Development Plan (MDP).
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CCEA likely to consider Rs 2,500 cr worth Maha road projects
Two proposals of highways in Maharashtra are to be taken up by the Union Cabinet Committee on Economic Affairs (CCEA) very soon. The two proposed highways involve a cost of Rs 2,500 crore.
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Govt mulls to set up infrastructure trust fund
In support of investments in the infrastructure sector, the Union government is mulling to set up an infrastructure trust fund by next November. The fund will be on the lines of fiscal funds set up by real estate investment trusts in Singapore and some other countries. In India, infrastructure sector has been struggling for the past few years due to lack of investments since banks have been wary of lending due to policy constraints.
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Govt mulls to set up infrastructure trust fund
In support of investments in the infrastructure sector, the Union government is mulling to set up an infrastructure trust fund by next November. The fund will be on the lines of fiscal funds set up by real estate investment trusts in Singapore and some other countries. In India, infrastructure sector has been struggling for the past few years due to lack of investments since banks have been wary of lending due to policy constraints.
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Govt proposes to cut toll tax on delayed road projects
The Union Road Secretary Vijay Chibber has said that the toll tax should be reduced on the proposed highway projects if they are delayed and there is reduction in quality of roads and also in the available space for the commuters.
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Govt proposes price pooling for imported, domestic gas
Price pooling has been proposed by the Union Power Ministry for imported and domestically produced natural gas to be supplied to power plants stranded by a drop in production of the fuel from Reliance Industries' KG-D6 block. The ministry floated a Cabinet note last week to seek government's permission to pool imported liquefied natural gas (LNG) with the fuel available from the KG-D6 block after meeting the requirements of fertiliser units.
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State highways in Odisha to be developed at Rs 3,000 cr
Odisha is to repair its State Highways at a cost of Rs 3,000 crore in the next four years. The State government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore. The government has come out with ĆāState Highways Development Programme (SHDP), a new scheme for the purpose. Under the plan, the government aims to double lane all the State Highways within 12th Five Year Plan with an estimated investment of Rs 3,000.00 crore.
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Hyderabad civic body sets Oct 10 as deadline to repair roads
To repair potholed damaged roads in Hyderabad-Secunderabad twin cities, the Greater Hyderabad Municipal Corporation (GHMC) has set a deadline of October 10 for its engineers and contractors concerned. GHMC has estimated the repairs to cost Rs 15 crore. Forts it will take all the main corridors and main city roads immediately for the repair works. Later, inner lanes and by-lanes will be taken up.
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Railways mulls to switch over to LNG for its locomotives
Indian Railways' Research Design & Standard Organisation (RDSO) is developing locomotive prototype which will run on LNG. The Railways plans to build around 20 LNG-based locomotives once the prototype proves to be successful. The Railways expects to halve the operating cost of locomotives even at the current enhanced LNG prices.