Work on the Rs 2,000 crore coastal corridor project to link Vallarpadam with Kozhikode in Kerala began with the state Chief Minister Oommen Chandy inaugurating it recently. The corridor is expected to bring about tremendous development to the coastal belt and it involves upgradation of the existing Tipu Sultan Road
Author: admin (Infratructure Today)
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Govt officials not in favour of limiting FII investment
Government officials are not in favour of the proposal of Reserve Bank of India (RBI) to restrict the investment of foreign institutional investors (FIIs) to the secondary market. At a recent meeting, Department of Economic Affairs Secretary Arvind Mayaram, discussed the issue with
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Kanpur airport to be connected with major cities
Kanpur (Ahirwan) Airport is poised for expansion. After the expansion, citizens of Kanpur can avail direct flights to Gujrat, Tamilnadu and Maharashtra. The airport will soon be extended as the land for it has been identified and soon the acquisition proceedings will be underway. According to Sub Divisional Magistrate, Kanpur, IP Uttam, the airport authority has identified a land of around 100 acres in Sheikhpur and Mavaiya villages.
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GMR competes for Filipino airport project
In the Philippines, India's GMR Infrastructure company is learnt to have filed qualification documents for a formal bid to develop 17.5-billion peso ($425 million) Mactan-Cebu International Airport project. The documents have been filed by GMR in a consortium with local Megawide Construction.
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Companies raise more funds via foreign bonds
Media reports indicate that Indian companies raised funds through bond issue almost three times more in Jan-Mar 2013 from the previous quarter. Data from an international media shows that Indian companies sold $6.3 billion of bonds abroad during Jan-Mar 2013, almost triple that of the previous quarter.
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RBI to issue clarification on bank licenses
Sources from the Reserve Bank of India (RBI) informed that some entities raised queries on the guidelines for new bank licences and the central bank would issue clarification on this by the early part of May. It may be recalled that in February 2013, the central bank released guidelines for new bank licences and a
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CCI approves operation in 25 oil, gas blocks
The Cabinet Committee on Investment (CCI) approved 25 blocks for continued exploration of oil and gas in its latest meeting. These blocks involve a total of over $4.6 billion of investment. Of this, $2.71 billion of investment has already been made and further investment to the extent of $1.9 billion
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Mundra port attains 2nd rank in container volume
Gujarat-based Mundra port overtook Chennai port to become the countryĂâs second biggest container gateway in 2012-13. The Gautam Adani-operated Mundra port loaded 1.57 million standard containers in fiscal 2013. The number one spot in this cargo category has been held for a long time by union government-controlled Jawa
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TN proposes ring road for Salem to cut accidents
The Union Minister of State for Road Transport and Highways Sarvey Satyanarayana has said that to check the number of accidents in Salem city, a proposal to build a ring road, about 60 km long, has been made by the Tamil Nadu government.
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AP has 6,759 km of national highway: Satyanarayana
The Union Minister of State for Road Transport and Highways Sarvey Sathyanarayana told the Lok Sabha on April 22 that Andhra Pradesh has 30 national highways having a length of 6,759 km.