Under its ongoing expansion programme, Gangavaram Port will be provided an additional fully mechanised coal terminal to handle capsize vessels upto 2,00,000 deadweight tonnage (DWT). The expansion project will be ready in March 2014. Under the project, four berths are now at various stages of construction along with support infrastructure.
Author: admin (Infratructure Today)
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Jharkhand to construct 5 bypass roads at Rs 2,000 cr
The Jharkhand government is to spend Rs 2,297 crore for construction of roads in the state. The State Chief Minister Hemant Soren has given his assent to this proposal. With the sum, about 500 km length of five bypass roads will be constructed. The road projects will be funded the Asian Development Bank, say media reports.
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Despite spending 3K cr Blore bears the brunt of patholes
Bangalore, the IT city of India, is bearing the brunt of potholes. While road contractors, supposed to render quality road repairs, blame corruption in the government for their substandard pothole filling, the Bruhat Bangalore Mahanagara Palike (BBMP) passes the buck by citing incessant rains as cause for the potholes. Every year, the BBMP is said to be spending Rs 3,000 to 4,000 crore on the road repairs, but residents in the city complain that the potholes are being filled but they do not stan
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Chennai Corporation to follow new norms for road works
The Corporation of Chennai is to follow the new guidelines stipulated by the Ministry of Surface Road Transport for quality road works in its purview. The Corporation is perturbed by the public complaints that roads in the city were being damaged within a year of relaying them. As per the new guidelines, the Corporation will hold the contractor concerned responsible for the road damages.
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Work stalled on Kondaveedu fort road project
In Guntur district, the project of ghat road to Kondaveedu fort has been abruptly stalled due to squabbles between the State government departments involved with the road project. Media reports say that the State government had allocated 10 acres to the Forest Department as compensation at Akkayapalem in Bollapalli mandal for the five metre wide land spared by it (the Forest Department) on Kondaveedu hill.
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Rain-damage to roads estimated at Rs 59 cr in Idukki
In Kerala's Idukki district, the total losses suffered in the recent rain havoc was estimated at Rs 211.17 crore, in which the losses suffered due to road damage were estimated at Rs 58.75 crore. Two National Highways Ćā Koci Dhanushkody and Kollam- Theni Ćā suffered heavily in the district. Rains also caused damage to agriculture and houses as well. The total agriculture-related loss was estimated at Rs 35.80 crore. This included damage to standing crops and crops destroyed due to the landslips.
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IOC, ONGC to bid for stake in HPL
West Bengal government may invite joint bidding by Indian Oil Corporation and Oil & Natural Gas Corporation (ONGC) for selling its about 40 per cent stake in Haldia Petrochemicals (HPL). It is learnt that besides IOC, and ONGC, RIL, Cairn India, and GAIL are also eyeing the stake. The state government rejected Reliance IndustriesĆā (RIL) plea for an open auction for stake sale as it already announced it woul
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Andhra Bank hikes base rate
Andhra Bank raised the benchmark lending rate by 25 basis points to 10.25 per cent from 10 per cent. Further, the state-run bank raised BPLR to 14.50 per cent from 14.25 per cent. In a communication to stock exchange, the bank said the rate hike would effectively raise lending rates for auto, corp
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RBI, govt must introduce more steps to meet deficit
Analysts opine that the government and the Reserve Bank of India (RBI) may require more effective measures to fight the current account deficit or balance of payments and fiscal problems. Though outward foreign investments have increased over the past few years, RBI's curbs will not mean much in actu
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Financial strength ratings of banks downgraded
International ratings agency Moody's downgraded the bank financial strength ratings or BFSRs and the issuer ratings of some state-run banks viz. Bank of Baroda, Canara Bank and Union Bank. Moody's also downgraded by one notch their local currency deposit ratings. While it affirmed the ratings of Union Bank of India, it changed the outlook on its BFSR to n