There is a uniform policy for levying and collection of user toll for highways in the country, said Sarvey Sathyanarayana, the Minister of State of Road Transport and Highways in Lok Sabha recently. According to him, the Union government has notified the National Highways Fee (Determination of Rates & Collection) Rules, 2008 on December 5 in 2008, as amended from time to time, for the projects taken up on or after 05.12.2008.
Author: admin (Infratructure Today)
Post
Post
India has the potential to become a ship-building hub: Vasan
Union Shipping Minister GK Vasan has stated that India has tremendous potential to become the next hub of ship building. He was speaking at the launch of INS Vikrant in Kochi on August 12. Vasan stressed the need for a vibrant shipbuilding industry and more shipyards. The Minister said that there are vibrant shipbuilding industries behind the growth of major economies like USA, some European countries, Japan and Korea.
Post
DDA to allot 2,400 one-bedroom flats to EWS
The Delhi Development Authority built 2,400 one-bedroom flats in Dwarka have been ready for allotment to beneficiaries from the economically weaker sections (EWS). Low-cost housing was the prime focus of the Authority's meeting on August 9, which was chaired by Najeeb Jung, lieutenant governor.
Post
Urban amenities to four Karnataka cities at Rs 450 cr
Karnataka government would take up several urban development works in Mangalore, Udupi, Puttur and Kundapur under the second phase of Karnataka Urban Development and Coastal Environmental Management Project (Kudcemp) at a cost of Rs 450 crore. The Project would be taken up with a loan from the Asian Development Bank, said the State Urban Development Minister Vinay Kumar Sorake on August 12.
Post
First municipalities of Arunachal get Rs 5.50 cr budget
In Arunachal Pradesh, the State's first municipalities-Itanagar and Pasighat have got Rs 5.50 crore budget provision to carry out various activities like maintenance of office establishment and vehicles.
Post
Govt completes major part of East-West Corridor project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana spoke about the status of the East - West Corridor project in Lok Sabha recently. He said the four laning of the entire length of East - West Corridor has been completed except 195 km under implementation and 232 km balance for award. Main reasons for delays are land acquisition & forest clearance. About Rs 27,000 crore has been incurred on Eas
Post
Govt okays Rs 86-cr subsidy to Adhunik Cements
In a move to promote industrialisation in the North Eastern region, the Union government on August 13 approved Rs 86.09 crore subsidy to Adhunik Cements in Meghalaya. The subsidy has been cleared to the company under the Central Capital Investment Subsidy Scheme (CCISS), 2007 of the North East Industrial and Investment Promotion Policy (NEIIPP), 2007, an official release said.
Post
Indiabulls Housing to raise capital
Indiabulls Housing Finance may mop up 40 per cent of the Rs 10,500 crore capital that it plans to raise in 2013-14, through banks, agency report indicates. The company would issue bonds to raise another 40 percent of the amount, while the portfolio sell down or securitisation will account to 20 per
Post
Ministry allows sovereign funds to invest in tax free bonds
Media reports indicate that the finance ministry allowed sovereign wealth funds to invest in debt instruments floated by state-run companies. It may be noted that the government allowed 13 state-run firms to raise around Rs 48,000 crore by selling tax- free bonds in 2013-14. The fund would be used for infrastructure such as roads, ports and power plants
Post
L&T may spin off hydrocarbon business
Larsen & Toubro Hydrocarbon Engineering (LTHEL), which is a wholly-owned subsidiary of Larsen & Toubro (L&T), may be spun off as a separate subsidiary. L&T is seeking shareholders' approval to spin off the subsidiary, which is engaged in designing, engineering, procurement and construction solutions on turnkey basis for oil and gas, petroleum refining, chemicals, petrochemicals and fertiliser sectors and pipelines, among othe