The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects.
Author: admin (Infratructure Today)
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AAI to execute Chennai, Kolkata airports’ PPP process
The Airports Authority of India has set up a cell to execute PPP process to operate and maintain airports at Kolkata, Chennai and other aerodromes as the Union Civil Aviation Ministry fast-tracking privatisation of management of the two major metro airports. The Key Infrastructure Development (KID) cell, which was in existence during the privatisation of Delhi and Mumbai airports, would handle the public-private partnership (PPP) process for Kolkata and Chennai airports, which are currently owne
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Rural people in Maha to get 15,000 micro-ATMs
Maharashtra will get around 15,000 micro-ATMs from the Centre with an aim to facilitate financial inclusion of people from remote areas in the state. The four Aadhaar-enabled basic types of banking transactions can be done through micro-ATMs are balance enquiry, cash withdrawal, cash deposit and Aadhaar to Aadhaar funds transfer. Moreover, as many as 20,000 Business Correspondents (BCs) will be appointed for the purpose of taking banking to the doorsteps of the people in remote areas by allowing
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Govt postpones decision on gas pricing
Union Finance Minister P Chidambaram has stated that the Cabinet Committee on Economic Affairs on June 21 deferred a decision on domestically produced natural gas pricing. Chidambaram said that the Union Minister for Petroleum & Natural Gas, M Veerappa Moily had to go to Agartala and that's why the deferment. Hopefully, the government would like to take a decision next week when the Minister is back, Chidambaram said.
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Govt postpones decision on gas pricing
Union Finance Minister P Chidambaram has stated that the Cabinet Committee on Economic Affairs on June 21 deferred a decision on domestically produced natural gas pricing. Chidambaram said that the Union Minister for Petroleum & Natural Gas, M Veerappa Moily had to go to Agartala and that's why the deferment. Hopefully, the government would like to take a decision next week when the Minister is back, Chidambaram said.
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DP World to invest $200 mn to build JNPT terminal
To build a new container terminal at Jawaharlal Nehru Port in India, DP World will invest about $200m., DP World has said. The world's third largest port operator will build the terminal next to the Nhava Sheva International Container Terminal (NSICT), which DP World currently operates. The new 330-metre berth with 27 hectares of yard will add 800,000 TEUs (twenty foot equivalent container units) of container capacity and help ease congestion at Jawaharlal Nehru Port.
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Gujarat’s 3 toll plazas earn crores more than road cost
The toll booths on Ahmedabad-Mehsana road, Baroda-Halol highway and Vataman-Tarapur road have crores as toll tax, much more than what the roads had cost to build, show the records with the government. After the demolition of Vishala toll plaza, there is demand for scrapping of three more toll tax booths which have collected crores more than the construction cost of the roads. The reply to an RTI application filed by Mukesh Dave has disclosed how much the three toll plazas have collected as toll
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‘Exit norms for road projects can bring in funds, cut debt’
Infrastructure companies have welcomed the GovernmentĂâs move to bring in flexibility in the roads sector, including revised norms that permit stake sale in projects right after commissioning. The move is expected to accelerate the rate of churn of projects, increase the size of disinvestment, bring about liquidity, aid in debt swap and infuse fresh equity into new projects. R Balarami Reddy, Executive Director, Finance, IVRCL said that the decision will help speed up the process of exits and giv
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Nod to two-laning of Uniara-Gulabpura NH in Rajasthan
For two-laning with paved shoulders (PS) of a key highway in Rajasthan, the Cabinet Committee on Economic Affairs has given its approval. The project is the two laning of the Uniara-Nainwa-Hindoli-Jahajpur-Shahpura-Gulabpura section of NH-148D in the state under the National Highways Development Project (NHDP) Phase IV, on engineering, procurement and construction (EPC) basis. The cost is estimated to be Rs 774.33 crore.
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Maha to engage experts to monitor safety on highways
The Maharashtra Ministry of Road Transport and Highways will engage independent experts or national project monitors who will prepare project reports and also conduct quality checks when the road projects are being implemented, apart from monitoring road safety.
The Ministry, in a memorandum issued last month, said that apart from complaints about poor quality of construction of roads, it has also been receiving complaints from road users about the poor quality of services provided by agencies