The Union Minister of Housing and Urban Poverty Alleviation (HUPA) Ajay Maken has said that the ongoing housing scheme in urban slums, Rajiv Awas Yojana (RAY) was implemented under pilot phase during the Eleventh Five Year Plan period. With the experience gained during the pilot phase, revised scheme of RAY is being worked out for implementation during Twelfth Five Year Plan period.
Author: admin (Infratructure Today)
Post
Post
RINL urges AP govt to seek ministry nod for mine allotment
Andhra Pradesh government received a request from AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) to seek the approval of the union ministry of mines for allocating Bayyaram iron ore mines at Khammam district. The company is learnt to have agreed to invest Rs 42,400 crore in the state and the state government agreed to facilitate allotment of iron ore mines to RINL on pr
Post
Govt implemented several urban infra schemes in 11th plan
Minister of State in the Ministry of Urban Development Deepa Dasmunshi in reply to a written question informed the Rajya Sabha that the Eleventh Plan had several schemes to promote urbanization. These include, among others, the Jawaharlal Nehru Urban Renewal Mission (JnNURM) for creation of urban infrastructure or service delivery mechanisms through com
Post
UP govt urges LDA to expedite riverfront project
Uttar Pradesh government has been urging the Lucknow Development Authority (LDA) to expedite work on the Gomti river front project. Lack of coordination between different authorities caused undue delay in the project, which is planned on the lines of the Sabarmati riverfront development proje
Post
GMR Infra eyes new projects, investments
Bangalore-based GMR Infrastructure plans to start looking selectively at possible new investments after a year of an investment holiday. The firm will expand its EPC, or engineering, procurement and construction, business to take on projects that other firms are developing, said Parmit Chadha, Chief Executive Officer for strategy and corporate development.
Post
NHAI to go for out-of-court settlements
Out-of-court settlement of disputes is being pursued by the National Highways Authority of India (NHAI) to fast-track highway construction. Developers have made claims of Rs 10,000 crore in several build-operate-transfer projects. Many of these cases have gone to arbitration, locking up funds for developers already squeezed by a drought of bank finance, delayed clearances and overall economic gloom.
Post
Plan panel clears Rs 5.48 tn outlay for railways in 12th plan
The Planning Commission approved an outlay of Rs 5.19 lakh crore for Indian Railways in the Twelfth Five Year Plan (2012-2017). It may be noted that the railway ministry proposed an outlay of Rs 5.48 lakh crore. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in Rajya Sabha. The total outlay cleared by the commission includes
Post
Panel revokes green nod for Posco project
South Korean steel major Posco will have to take environmental clearance again for at least some part of its proposed Rs 54,000-crore integrated steel plant in Odisha as the statutory environment panel revoked the existing clearance. The company has been asked by the expert appraisal committee on industry to furnish detailed infor
Post
World Bank chief welcomes idea of BRICS bank
World Bank President Jim Young Kim welcomed the idea of setting up a bank collectively by Brazil, Russia, India, China and South Africa or BRICS countries in order to fund their infrastructure projects. He said every single BRICS country has an enormous infrastructure deficit that simply can't be met by a single institution, certainly not the World Bank in and of itself
Post
L&T arm to raise $500 mn infra debt fund
In order to invest in distressed assets, particularly in the roads segment, L&T Infrastructure Finance plans to mop up $500-million ( Rs 2,708 crore) by floating its maiden debt fund. Media reports indicate that the fund would also invest in renewable energy, power and urban infrastructure projects