Cautioning over the delay in completion of work on the 225-km-long Gurgaon-Jaipur stretch of National Highway-8, the National Highways Authority of India (NHAI) has given the concessionaire firm, Pink City Expressway, about six monthsĆā time to complete the project. Tightening the noose on the concessionaire firm, the NHAI has fixed December 31, 2013 as the deadline for completing all the flyovers and service roads where acquisition of land is not an issue.
Author: admin (Infratructure Today)
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APSEZ plans to set up shipbreaking yard at Mundra
Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year
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Shipping sector suffers from overcapacity
Shipping companies worldwide are suffering from overcapacity or excess fleets and this depressed freight rates in the sector, reports indicate. At the end of 2012, worldwide fleet of bulk carriers rose to 679 from 393 in 2007. Further, this is expected to see growth of 10 per cent and 5 per cent in the next two years, respectively, before it tapers to 2 per cent in 2015, reports indicate
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Mercator Lines trims fleet size in dry bulk segment
According to media reports, private sector shipping major Mercator Lines reorganised itself by reducing its dry bulk fleet to 14 vessels. The company reorganised its assets in order to adapt to the low freight rate scenario in the industry. The company sold a vessel and concluded termination of contracts on three in chartered vessels in the last quarter of 2012-13, reports indicate
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Pakistan mulls ferry services from Karachi to India
According to a Pakistani media report, the national government plans to launch ferry services between Karachi and Gujarat or Mumbai. Further, the government plans to launch such a service between Karachi and Dubai. Pakistani Ports & Shipping Minister Senator Kamran Michael is quoted as saying in the media. Pakistani government set up a high-level committee to examine the feasibility of such services and the panel may
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Govt to set up new aviation regulator with more power
Government is considering a proposal to set up Civil Aviation Authority (CAA), which would be a new regulator in the sector by replacing the Directorate General of Civil Aviation (DGCA). Government wants to replace DGCA with the proposed regulator because the former has limited delegation of financial powers and hence it is "incapable of making adeq
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Jet-Etihad deal: Govt insists Jet to adhere to all rules
The Union government will insist that the Jet Airways promises to adhere to all Indian laws, rules and regulations, if it wants approval for selling its 24 per cent stake to Etihad. The insistence from the government comes as it fears that Jet Airways may shift key operations to Abu Dhabi. The government was specifically seeking this assurance as the Jet-Etihad investment proposal says the operations and 'revenue headquarters' of India's largest private airline will be shifted to Abu Dhabi and
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Govt to set up SPV for manufacturing advanced aircrafts
A High-Level Committee, headed by Prime Minister Manmohan Singh decided to set up a Special Purpose Vehicle (SPV) for development and production of a civilian aircraft, of a 70-100 seater range. According to the proposal, the proposed SPV would gain design capabilities from National Aerospace Laboratories (NAL), Hindustan Aeronautics Limited (HAL) and other institutions in
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Govt to release remaining dues to OMCs
Media reports indicate that the government would release the remaining dues to state-run oil marketing companies (OMCs) towards the under-recoveries incurred by these firms while selling fuel products at subsidised price. Earlier, Prime Minister Manmohan Singh asked the finance ministry to pay Rs 45,000 crore as its share of subsidy for Jan-Mar 2013 quarter
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SC asks govt to reveal procedure adopted for block allocation
Union government was asked by the Supreme Court to explain the procedure and methodology adopted for the allocation of 164 coal blocks. The apex court asked the central government to submit an affidavit, along with supporting material, explaining the above details. The court passed this order after going through the status report submitted by Central Bureau of Investigation (CBI)