Media reports indicate that the Japan International Cooperation Agency (JICA) asked union Finance Minister P Chidambaram to arrange a Cabinet meeting and other processes to clear loan proposal for four key projects. Akihiko Tanaka, President of JICA is learnt to have said this to the finance minister during a recent meeting. The four projects referred to are the Mumbai Metro Line-3 project, widening of highways in Bihar to four lanes, a $137-million investment promotion programme in Tamil Nadu a
Author: admin (Infratructure Today)
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NHPC cautious of clearing cost escalation in projects
Media reports indicate that the National Hydroelectric Power Corporation (NHPC) has been cautious of clearing cost escalation for various hydel projects anticipating adverse comments from the comptroller and auditor general (CAG) of India. NHPC officials are dragging their feet in clearing cost escalations, which is a common trend in hydropower projects, fearing CAG
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MoEF proposes to set up system for granting forest approval
According to a draft policy released by the ministry of environment and forests (MoEF), a technology driven system would be set up for providing forest clearances to various projects. The draft policy pertains to the inspection, verification, monitoring and overall procedure for the grant of forest clearances. The policy includes a provision to set up an independent, remote-sensing, satellite-based monitoring system to detect encroachment and unauthorised chan
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Andhra leads in port projects under PPP mode
According to a study by the Associated Chambers of Commerce and Industry of India (Assocham) Andhra Pradesh (AP) ranks first in value terms in port projects that are in under construction in public-private partnership mode as of April 30, followed by Maharashtra. The study titled 'Port Developments in India' says Kerala stands first in value terms in port projects under bidding stage, followed by Maharashtra again.
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Land ports to be developed jointly by Bangladesh, India
In order to ensure cost-efficiency and expeditious trading between the two countries, India and Bangladesh decided to develop their land ports. This decision was taken at a recent meeting of the Joint Working Group. Officials from both the countries held the 8th meeting of the India-Bangladesh Joint Working Group on Trade. As part of this plan, India will spend Rs 4.67 bn to develop seven import tax stations at Agartala, Petrapole, Dhok
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Ministry to notify new tariff regime soon
Union Shipping Secretary, PK Sinha informed reporters that his ministry would notify the new tariff regime, which allows private container terminals to fix market-linked tariffs, within a month. According to the existing tariff norms, port developers cannot charge more than the ceiling tariff defined by the Tariff Authority of Major Ports (TAMP
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Ministry aims to award 30 port projects
During 2013-14, union shipping ministry plans to award 30 port projects worth around Rs 25,000 crore investment. Union Shipping Minister GK Vasan informed media persons that these projects would bring in an additional capacity of 288 million tonne per annum at an estimated investment of Rs 24,633 crore
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DMRC to work on Kochi’s MG Road for metro rail
In Kochi, the Delhi Metro Rail Corporation (DMRC) has finalised plans to begin work on the city's heart line, MG Road, starting next weekend (June 29-30). While work is expected to start in the right earnest only after the Onam festival, the Metro agency will carry out the preparatory work during weekends till September on the stretch.
DMRC has sought the permission to close down the stretch on MG Road between Padma Junction and Abad Plaza hotel on June 29-30 to physically trace utility lines.
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Extra funds sought for Kolkata’s longest flyover
For construction of Park Circus-Parama Island flyover in Kolkata, the West Bengal Urban Development Department has sought the State's Finance Department to clear payment of Rs 285 crore additional amount. The flyover is to become India's second largest flyover after the one in Hyderabad which is 11.66.
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Govt to employ independent experts to check road quality
To check the quality of road construction in the country, the Union Road Ministry has decided to engage independent experts. The Ministry said that it has received several complaints of poor quality of road construction. The independent experts will keep a vigil on various parameters such as standard and timely execution of road projects, the Ministry said.