The Union Budget 2013-14 has outlined several initiatives to boost investment in infrastructure and industry, that inter-alia include encouraging Infrastructure Debt Funds, credit enhancement to infrastructure companies, raising the corpus of Rural Infrastructure Development Fund, introduction of investment allowance for new high value investments etc. Minister of State for Finance, Namo Narain Meena informed this in the Lok Sabha recently
Author: admin (Infratructure Today)
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Chhattisgarh govt, AAI to sign pact for airport project
Media reports indicate that the Chhattisgarh state government and the Airport Authority of India (AAI) may sign an agreement for setting up a full-fledged airport at Raigarh at a cost of Rs 260 crore. AAI is expected to develop the proposed airport in two phases, with Rs 158 crore being spent on the first phase. The authority expects to complete the project in thre
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AP govt to add 4 gw generation capacity to meet demand
By the end of the financial year 2013-14, the Andhra Pradesh government aims to add at least 4,000 mw of power production capacity in order to meet the shortage of electricity. The state government's power generation firm AP Genco is said to be in the advanced stage of commissioning at least three projects, including two units
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Govt may invite bids for 2 port projects by July
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
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Govt may invite bids for 2 port projects by July
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
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Govt may invite bids for 2 port projects by July
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
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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