The world's three largest shipping firms - Maersk Line, Mediterranean Shipping Company and CMA CGM Ăâ decided to form a grand alliance, named P3 Network, by the second quarter of 2014. However, the alliance is subject to regulatory and government approval.The alliance would pool the vessels of the three companies, equivalent to 15 per cent of glob
Author: admin (Infratructure Today)
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Study cites disaster risks in Delhi metro rail system
A report by the United Nations office on disaster risk reduction, UNISDR, points out that over 50 stations (phases I & II) of the Delhi Metro are located in areas of high-earthquake hazard, exposing the line to earthquakes of up to a magnitude of 8 on the Richter scale. UNISDR said this in its Global Assessment Report (GAR), which was released on June 3 for the Asia-Pacific region. One of the stations was also built in a high-flood hazard area. In both cases, hazard information was avail
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Punjab to frame policy for affordable housing
To provide houses to the people at affordable prices the Punjab government has decided to frame a policy for mega housing projects in the state. The government said the policy will incorporate provisions for group housing in a project, where it is proposed as a part of plotted development, will not exceed 20 per cent of the total area of the project. This condition, however, will not be applicable for the projects which fall in the mixed land use zone of master plan.
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Govt to study widening of Mysore-Bangalore highway
The Karnataka government is considering widening the 140 km MysoreĂâBangalore stretch into six-lane owing to the high density of traffic on the highway, Minister for Public Works HC Mahadevappa has said. The traffic volume on the highway soared on holidays, with the density being nearly 70,000 passenger car units a day.
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CAG report finds fault at AP govt’s PPP contracts
The report of the Comptroller and Auditor General (CAG) of India on the public private partnership (PPP) port projects implemented by the Andhra Pradesh government was tabled in the State Legislative Assembly recently. The report identified some key faults on the part of the state government in designing the contracts
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Kerala govt encourages coastal shipping
Kerala Minister for Ports K Babu highlighted the efforts being taken by the state government to promote inland water transport and coastal shipping. In order to ferry cargo from ports to the hinterland through inland waterways, the Kerala State Maritime Development Corporation had signed an agreement to charter a ship. In the first phase, the transport of cargo would be taken up in the Kollam-Kochi section and the state gove
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Steps are on to develop T’puram Airport: Govt
Measures are being taken to speed up the development of the Thiruvananthapuram International Airport. Replying to questions in the the State Assembly in Thiruvananthapuram, the Excise and Ports Minister K Babu, who also handles the airports portfolio, said on June 24 that steps were being taken to shift the existing domestic terminal and solve the problems faced by the passengers.
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AAI seeks Maha govt’s help to develop Juhu airport
The Airports Authority of India (AAI) has sought Maharashtra governmentĂâs help to lift the reservation of a general park on the plot to be utilised for the development of Juhu airport in Mumbai. For this, changes are required in the Development Control Rule (DCR). After the recent approval by the Union Ministry of Civil Aviation for a Rs 2,000-crore development plan, the AAI approached the State government on June 25 to discuss three issues with JK Banthia, Chief Secretary of Maharashtra.
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Govt made over 1 mn direct cash transfers for LPG
According to an official statement, the central government has made over 1 million (10 lakh) direct cash transfers to consumers' bank accounts under its Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on June 1. The government has so far given Rs 41 crore of subsidy to consumers directly under the above scheme since June 1, the statement shows
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Edelweiss plans to set up bank, to seek RBI’s licence
For setting a new private bank, Edelweiss Financial Services is to apply to Reserve Bank of India. It will transfer its existing merchant banking business to subsidiary as a step to comply with norms prescribed by RBI for new banking license, said the firm on June 24. The firm will make an application to the RBI for a Banking License, in accordance with the provisions of the Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013, the company informed the Bombay Stock