GMR Infrastructure is planning to raise around Rs 6,000 crore over the next six months through domestic loans for a mega highway project.
Category: Aviation & Airports
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Jammu Airport expansion project gets SC clearance
The much awaited and much delayed Jammu Airport expansion successfully crossed final hurdle when the Supreme Court-appointed Central Empowered Committee (CEC) gave its clearance to 'change of use' on seven
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Policy for low-frills airports
The government is mulling formulating a policy on setting up low-frills airports in the country. Private airport operators and investors have over last five years contemplated setting up airports or terminals dedicated to low-fare airlines, but hasn't materialised.
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GMR bags first mega highway project
GMR Group has emerged as the selected bidder through international competitive bidding for six laning of 555-km long Kishangarh-Udaipur-AhmeÂdabad highway, the first brownfield mega highway project of the country.
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Cabotage norms to be eased
In a bid to promote transhipment activity at the International Container Transshipment Terminal in Kochi, the shiÂpÂÂping ministry is considering relaxing the cabotage norms. Current cabotage norms allow foreign ships to ply on the coastline of the country only after getting prior licence from the government.
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GVK arm bags highway project in MP
GVK Power and Infrastructure Ltd has announced that GVK Transportation Pvt Ltd, a wholly owned subsidiary, has been chosen through an international competitive bidding process to take up the four-laning of Shivpuri-Dewas section of National Highway No 3 in Madhya Pradesh.
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ATN system for air safety
Experts from Asia-Pacific nations discussed ways to implement an aeronautical telecom network (ATN) system for seamless exchange of messages for planes flying in the region. The new system would complement and later replace voice communication between air traffic control, pilots and others by providing all flight data and information through messages.
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Cabinet nod for Land Acquisition Bill
The Union cabinet has approved the Land AcqÂuisition Bill. In the redefined version, a rider has been added that urban projects should be meant for production of goods or services for public.
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revival of non-operational airstrips
The Airports Authority of India (AAI) plans to revive 28 out of the 40 non-operational airstrips in India for non-scheduled operations. AAI may also look for private participation for these airports.
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First pvt regional airports
Regional Airport-Holdings International (RAHI), a private airport developer, announced that it will invest around Rs 3,000 crore in over 15 aviation infrastructure and services projects across the country over the next five years.