The Rs 2,686 crore Jabalpur-Bhopal road widening project in Madhya Pradesh received the approval of the Cabinet Committee for Economic Affairs recently. The 294-km road project would be taken up on a build-operate-transfer Ăâ (BOT-toll) basis. This means the project developer will invest in widening the road and collect toll revenues over the concession period. This is one of the four road widening projects involving a total of 471 km of highways and cumulatively worth Rs 4,61
Author: admin (Infratructure Today)
Post
Post
Nod to 4-laning of Demow-Bogibil junction in Assam
The Union Cabinet Committee on Economic Affairs has given its approval for the four-laning of the Demow-Bogibil junction section of National Highway-37 in Assam under the Special Accelerated Road Development Programme in North Eastern Region (SARDP-NE). The project is on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Build-Operate-Transfer (BOT) (Annuity) mode of delivery.
Post
India enters 1 billion-tonne rail cargo club
Indian Railways, by carrying 100 million tonne cargo in March, has entered the select group of countries such as the US, China and Russia that load a billion tonne of cargo in a year. It is the second time for Indian Railways to carry such a large volumes in a month.
Post
Container terminal at Krishnapatnam port to be operational
The initial phase of a container terminal at the Krishnapatnam port is set to begin operation. The terminal is learnt to be able to handle 1.2 million TEUs in the first phase and after completion of the entire project, the terminal may handle 6 million TEUs. The port is said to have spent Rs 1,500 crore on the container terminal, which has five advanced gantry crane
Post
GAIL considers legal steps to carry out pipeline project
State-run gas transmission company GAIL is said to be exploring further legal options to clear hurdles in the implementation of a section of its pipeline project in Tamil Nadu. The company wanted to lay pipeline for a section of its Kochi-Bangalore high pressure LNG pipeline project under the farm lands in Tamil Nadu. However, Tamil Nadu government asked the firm to run the underground pipeline adjacent to highways rathe
Post
NINL commissions steel billet plant
Neelachal Ispat Nigam (NINL) commissioned its Rs 1,650 crore billet-making facility at Kalinganagar in Odisha. The company set up the facility to manufacture billet, which is a value added product compared to pig iron and which gives better sales realisations. NINL, whose main activity is manufacturing of pig iron, said
Post
Finance Minister welcomes investment from foreign firms
Finance Minister P Chidambaram welcomed investment from foreign insurance, banking and asset management companies in India. During his visit to Tokyo, Japan, he said these companies have shown keen interest to investment in India and they were welcome. Insurance companies, large asset management com
Post
REC plans to mop up around Rs 350 bn in FY14
In 2013-14, Rural Electrification Corporation (REC)
plans to raise about Rs 35,000-37,000 crore from domestic as well as foreign sources. It may be recalled that the leading state-run infrastructure finance company in the power sector mopped up Rs 31,000 crore in 2012-13. Of the Rs 35,000-37,000 crore that the firm plans to raise in 2013-14, about Rs 5,000 crore may be raise
Post
Aranmula airport project faces setback
In response to a petition filed by the Aranmula Heritage Village Protection Action Council, the National Green Tribunal has stayed the Rs 2,000-crore Aranmula private airport project in Kerala. The council argues that the construction of a private airport was in violation of the provisions of the Kerala Conservation of Paddy and Wet Land Act, 2008, Kerala Land
Post
Domestic airports face challenges in becoming international hub
Industry watchers point out the challenges for airports in India to become international hub for Indian airline companies. An airport must have two prerequisites to become an effective hub. First, it needs a strong anchor airline operating out of the airport, as Emirates does from Dubai or Deutsche Lufthansa AG from