The Trivandrum Development Authority (TRIDA) has decided to go ahead with the second phase of the Capital Region Development plan, providing outer ring roads to the city. The Kerala government is only in the final stages of selecting a transaction advisor for the plan. The empowered committee headed by the Chief Secretary is in the process of shortlisting the advisor for preparing a detailed project report, Chairman of the Authority PK Venugopal said.
Author: admin (Infratructure Today)
Post
Post
Bangalore’s Sarjapur Road to be restored in 4 months
The Bangalore Development Authority (BDA), which is building a signal-free corridor between Sirsi Circle and Agara, plans to complete the restoration work on Sarjapur Road and 80-feet road in four months. The announcement has brought some cheers to the residents of Koramangala and other road users.
Post
Tourist facilities to dot TN’s highways
The Tamil Nadu government is taking initiative to develop facilities at its tourist spots and generate further revenue. The Tamil Nadu Tourism Department plans to provide tourist-friendly facilities along highways by establishing high-standard amenities at an interval of 50 km. Both private and corporate promoters would be encouraged to take part in the project. Travellers would be able to access numerous facilities like restaurants, bookshop, medical shops, ATMs, and Internet cafés.
Post
Govt to auction blocks under NELP in FY14
Oil Minister M Veerappa Moily informed a panel that the government would auction exploration area of about 2.7 lakh sq km under New Exploration Licensing Policy (NELP) in 2013-14 once necessary approvals are in place. The minister informed this to the Parliamentary Consultative Committee in Mussoorie. He said the government initiated the process of inter-ministerial clearances for exploring the 2.7 lakh sq km area, which is id
Post
Govt expects 72 gw thermal capacity addition in 12th plan
During the 12th five year plan period (2012-17), the government expects 72,339.6 mw of thermal power projects across the country. Of this, 3,960 mw is proposed in Odisha during the 12th plan period. This information was given by the union government through a press
Post
Govt to bring changes in toll collection rights
Developers involved in widening four-lane roads to six lane may have to wait till the completion of the projects before collecting toll. The Union Road Transport Ministry is planning to rewrite the Model Concession Agreement (MCA) that allows them to collect toll.
Post
Govt must take into account key issues in shale gas
As the government is about to announce shale gas policy, experts highlighted some of the issues that must be considered while allowing exploration and production of the fuel. Shale gas and oil are produced from rock formations using "fracking" technology. This injects water and sand at high pressure into wells drilled horiz
Post
RBI may give more time to new licensees to set up banks
It is expected that the Reserve Bank of India (RBI) is to allow new banking licensees more time to set up banks. The earlier guidelines said aspirants would get a year after in-principle approval to do so, failing which the licences were to be withdrawn. The RBI would shortly announce a consolidated clarification on the new licence norms.
Post
Aban Offshore to raise Rs 4,500 cr to repay debt
Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt. Aban Offshore has a total debt of more than Rs 13,000 crore and has been struggling to repay its debt. The Reji Abraham-promoted company is now looking to raise Rs 2,200 crore through issue of FCCBs and GDRs and is also looking to raise an additional 2,500 crore through issue of shares to qualified institutiona
Post
Aban Offshore to raise Rs 4,500 cr to repay debt
Offshore drilling and oil field service provider Aban Offshore is planning to raise more than Rs 4,500 crore through various market instruments to replace a portion of its expensive debt. Aban Offshore has a total debt of more than Rs 13,000 crore and has been struggling to repay its debt. The Reji Abraham-promoted company is now looking to raise Rs 2,200 crore through issue of FCCBs and GDRs and is also looking to raise an additional 2,500 crore through issue of shares to qualified institutiona