A study by World Bank shows that about two-thirds of the developing countries (considered in the study) have kept domestic prices of one or more petroleum products below market-clearing levels in the past three years. It adds that with the additional burden sharing by the oil and gas companies included, fuel subsidies amount to about 2
Author: admin (Infratructure Today)
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India to invite bids for freight corridor project by May
By next May, the Railway Ministry will invite bids for the first phase of the 1,483-km western freight corridor. The move is part of a strategy to de-congest freight lines and accommodate the growing industrial traffic. The 640-km project-part of the 920 km Rewari-Vadodara stretch-is awaiting approval from Japan International Cooperation Agency (JICA), which is funding the project, to begin financial bidding.
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Railways’ freight traffic rises 4.12% in 2012-13
During 2012-13, the Indian Railways have carried 1.009 billion tonne of revenue earning freight traffic compared to 969.78 million tonne in the previous year. This represents an increase of 39.95 million tonne or 4.12 per cent over 2011-12. In March 2013, the revenue earning freight traffic carried by Indian Railways was 98.20 million tonne. There is an increase of 4.35 million tonne over the actual freight traffi
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Widening work on Kakinada-Rajahmundry road begins
In coastal Andhra Pradesh, the extension works of the canal road between Kakinada and Sir Arthur Cotton Barrage at Dowleswaram have commenced. The 62-km length of the canal road will be widened to 10.5 metre from the existing eight metre. Transstroy Company is executing the Rs 298-crore works. Gravel track on both sides of the road will also be laid.
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Rise in freight rates too less to improve margins
According to industry sources, the recent rise in the freight rates was too less to improve the margins of shipping companies and the rates may not improve significantly in the rest of 2013. The Baltic Dry Index, which measures cost of shipping bulk commodities, has risen from an average of 745
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NMPT gets 4 cruise vessels so far in FY14
So far in 2013-14, four cruise vessels called at the New Mangalore Port. These include two luxury cruise vessels - Ãâmv Legend of the SeasÃâ and Ãâmv Pacific PrincessÃâ. While the vessel Ãâmv Legend of the SeasÃâ came from Kochi, the vessel, Ãâm.v. Pacific PrincessÃâ, came from Phuket in Thailand
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CITPL caters to 5 mainline services to East Asia
According to a press release of the Chennai International Terminals (CITPL), the terminal caters to five mainline services to East Asia, two Colombo services and two coastal services. The release further said that the terminal has a total of seven quay (all twin lifts) and 18 rubber-tyred gantry cranes, which have more than doubled the handling capacity of the terminal
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PIL to operate mainline ship from New Mangalore Port
Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed that Pacific International Lines (PIL) will operate a mainline ship from New Mangalore to Mombassa in Africa. The service will have calls at Karachi in Pakistan and Jabel Ali in the Gulf region enroute. The mainline ship Ãâ mv Kota Anggerik Ãâ will carry over 300 boxes, including empty containers to Mombassa in Africa from New Mangalore. The export cargo in the vessel includ
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Experts suggest policy steps to boost affordable housing in urban areas
Experts suggest the government to liberalise obsolete development norms, rationalise floor area ratio and density in order to address shortage of housing in urban areas. According to experts, the process of urbanisation may grow at a compounded annual growth rate of more than two per cent over the next two decades and this c
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Andhra govt, railways to implement Rs 650 cr project
Andhra government and Rail Vikas Nigam are in the process of jointly implementing a Rs 650-crore phase II multi-modal transport system project in Hyderabad. Both the entities would set up a special purpose vehicle to implement the project and the cost would be shared by them in the ratio of two-thirds (Andhra Pradesh government) and one-third (south central Railw