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Special road development scheme for Kerala: Fernandes

Special road development scheme for Kerala: Fernandes

For development of roads in Kerala, National Highway Authority of India (NHAI) plans to have a special scheme considering the problem of shortage of land faced by the state, Union Minister for Road Transport and Highways Oscar Fernandes said in Thiruvananthapuram on July 15.
The details of the scheme would be announced after clearing certain technical parameters, he said.

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Dozen bridges to be built in MP at Rs 46 cr

Dozen bridges to be built in MP at Rs 46 cr

In Bhopal district of Madhya Pradesh, a total of 12 major bridges will be constructed at a cost of over Rs 46 crore over the next 5-6 years. Rs six crore will be spent on construction of a bridge over Bahm river on Berasia-Garha Kalan road. While another Rs 10 crore is earmarked on another bridge on the same river on Jamusar Kalan-Kadhaiyya Shah road.

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Defence Colony flyover in Delhi to shrink for repair

Defence Colony flyover in Delhi to shrink for repair

LalaLajpatRai Road, the critical link between the southern and central part of Delhi, may witness major congestion in September when the Public Works Department (PWD) of Delhi government begins repair and rehabilitation work on the Defence Colony flyover at an estimated cost of Rs 3.81 crore. A PWD official said that for carrying out the repairs, one carriageway of the flyover will be closed at a time and two-way traffic movement will take place on the other side, but the traffic police is yet t

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Potholes dot Chana Pora-Ram Bagh road in Srinagar

Potholes dot Chana Pora-Ram Bagh road in Srinagar

In Srinagar, the Chana Pora-Ram Bagh motorway is getting more of potholes with each passing day as the State Roads and Buildings (R&B) Department has failed to take remedial measures. The State government had announced that a flyover would be constructed from Jehangir Chowk upto Natipora enroute Ram Bagh. But the government finally clipped Ram Bagh-Nati Pora portion of the flyover though, as per observers, it needed the expressway connectivity more than elsewhere.

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Road builders may have to pay fine to exit road projects

Road builders may have to pay fine to exit road projects

Union Road Minister Oscar Fernandes has said that road developers in the country will not be blamed for delays in regulatory procedure but have to take responsibility for their own faults and may have to pay up to 1 per cent of total project cost as penalty for exiting. If there is any fault on the part of the concessionaire, then there will be a penalty of a maximum of one per cent, of the total project for the developer to exit the project, he said.

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AP govt takes steps to boost oil and gas sector

AP govt takes steps to boost oil and gas sector

Andhra Pradesh government has taken a series of initiatives to promote oil and gas projects in the state. For example, the state government is keen to expedite an LNG re-gassification terminal project – a floating one with a capacity of 3.5 mn tpa in Kakinada, which is to be upgraded to 5 mn tpa. AP Gas Distribution Corporation Limited (a joint venture of Gail Gas and AP Gas Infrastructure Corporation) and

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Mineral production in May higher than April: Govt

Mineral production in May higher than April: Govt

The Union government says that the index of mineral production of mining and quarrying sector in May 2013 was higher by 1.6 per cent compared to that of the preceding month. The mineral sector has shown a negative growth of 5.7 per cent during May 2013 as compared to that of the corresponding month of previous year. The total value of mineral production (excluding atomic & minor minerals) in the country during May 2013 was Rs 18,074 crore.

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Odisha to grant Rs 50 cr for Jharsuguda airport growth

Odisha to grant Rs 50 cr for Jharsuguda airport growth

Odisha Chief Minister Naveen Patnaik on July 16 sanctioned Rs 50 crore for development of the oldest Jharsuguda Airport in the state. The Odisha government has decided to provide the Rs 50 crore to the Airports Authority of India (AAI) for undertaking the first phase of construction of the strategic air-strip, which had been laid by the British. The first phase of development of the air port would be taken up at Rs 175 crore.

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Minister hopes 6% GDP growth in FY14

Minister hopes 6% GDP growth in FY14

Finance Minister P Chidambaram expressed hope that the Indian economy may expand at 6 per cent or slightly more during 2013-14. This is higher than the 5 percent growth registered in 2012-13. Speaking to reporters, the minister also expressed hope that the Parliament would pass the real estate regulator and land acquisition bills in its monsoon session

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Industry bodies welcome FDI relaxation in key sectors

Industry bodies welcome FDI relaxation in key sectors

Industry bodies like Assocham and Confederation of Indian Industry (CII) welcomed the government's move to attract more foreign direct investment (FDI) in certain sectors. The government recently allowed 100 per cent FDI in telecom, hiked FDI limit in insurance sector to 49 per cent and took steps to promote foreign capital inflow in defen