Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
Author: admin (Infratructure Today)
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Delhi govt to allot all EWS flats by Sept
By the end of June 2013, the Delhi government hopes to allocate at least 7,000 houses meant for economically weaker sections (EWS) out of the around 14,000 flats built over five years ago. These flats were built over five years ago and still remain unused because of non-allocation. However, with the assembly election round the corner, the state government has expedited the allocation
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Experts call for mechanism to rework PPP contracts
International experts on public-private partnerships (PPP) projects suggest the government to devise mechanisms to permit contract renegotiations during the term of the concession. Experts said this at a FICCI conference on PPP held recently in Delhi. According to a study by the World Bank, 55 per cent of (PPP) contracts in the transport sector were renegotiated across the world during 1985-2000
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DIPP clears RBI proposal on FDI
In order to protect the interests of foreign investors, the department of industrial policy and promotion (DIPP) approved the proposal to route the foreign direct investment (FDI) in shares of Indian companies through an escrow account. The proposal was mooted by the Reserve Bank of India (RBI) as it found that some Indian companies, who receive FDI, failed to issue shares till the deadline of 180 days near
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MPT to become multi-specialty port
Goa-based Mormugao Port Trust (MPT) is taking efforts to diversify the cargo handling of the port and convert it into a multi-specialty port. The port, which largely handles iron ore cargo, has been under severe financial stress because of decline in ore traffic on the back of ban on illegal mining in Goa and Karnataka
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China’s incursion: India may lose access to 750 km
India has described the China's incursion into its land as a 'deep scar.' It is reported that China has reinforced its position across the Line of Actual Control and raised the real prospect of India losing access to 750 sq km in strategically crucial northern Ladakh.
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Noida farmers agree to give land for 8-lane link road
Greater Noida Authority has said that farmers of Devla and Khodna Khurd villages have agreed to part with their land for the eight-lane Noida-Greater Noida link road. The Authority said that the 130 m link road will be ready by July. The Authority will soon begin taking over the land whose acquisition was quashed by Allahabad high court on October 21, 2011.
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ITS expected to make Noida-Greater Noida E’way safer
To monitor and manage traffic flow on the Noida-Greater Noida Expressway, the Noida Authority is stepping up efforts to set up the Rs 15 crore Intelligent Transport System (ITS). Even as the Detailed Project Report (DPR) for the project has been prepared by the consultants, tenders are expected to be floated and finalised in this May.
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NHAI loses Rs 874 cr on project delays: CAG
The National Highways Authority of India (NHAI) has incurred a loss of around Rs 873.85 crore due to delay in completion of port road connectivity (PRC) projects. This was stated by the Comptroller and Auditor General of India (CAG) and it observed this while reviewing the operations of special purpose vehicles (SPVs) formed for implementation of PRC projects that connect major ports.
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Six-laning of Gurgaon-Kotputli stretch on NH-8 delayed
The Union Minister of State for Road Transport and Highways Sarvey Sathyanarayana has said that the six-laning work on Gurgaon-Kotputli stretch on National Highway No 8 has been delayed. The main reasons for delay are due to slow progress during construction by Concessionaire, delay in the land acquisition, delay in Forest Clearance, delay in removal of religious and other structures & additional works in the project scope owing to public representations etc.