The National Highways Authority of India's (NHAI's) recommendation with regard to road developers' premium payment is likely to be reviewed by the Union Road Ministry. The Ministry will review NHAI's recommendation to defer payment of premium by companies like GMR who has agreed to certain conditions by the Authority to ensure they do not leave the project after the government approves the proposal.
Category: Aviation & Airports
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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.
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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
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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
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Global firms may operate new airports at two metros
The Union government is considering giving the management control of the new Kolkata and Chennai airports, built by the Airports Authority of India, to global operators through a competitive bidding process.
The Union Civil Aviation Minister Ajit Singh said on March 26 that the AAI could set up joint ventures with major foreign airport operators to carry out operations and management of these two crucial metro airports.
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Avail AirAsia’s cheap tickets to South East Asian cities
Malaysian budget carrier AirAsia has opened bookings for two million seats between April 2 and 7, 2013 offering air tickets as cheap as Rs 3,300 to South East Asian destinations for travel next year. One can fly from Kolkata to Bangkok for all-in-fare of Rs 3,300, Chennai to Bangkok for Rs 3,500, Bangalore to Kuala Lumpur for Rs 5,500, Kolkata to Kuala Lumpur for Rs 5000, Kochi or Chennai to Kuala Lumpur for Rs 4500 and from Tiruchirapalli to Kuala Lumpur for Rs 4000, a statement by the budget c
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Mumbai airport’s high parking charges force rich go to A’bad
After landing at Ahmedabad's Sardar Vallabhbhai Patel International Airport one might just get a feeling that this is a city of billionaires by seeing a long queue of neatly parked private jets. Heavy congestion at Chhatrapati Shivaji International Airport in Mumbai is forcing the rich to park their flying machines in Ahmedabad.
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Airports: A Holistic approach needed
In order to cater to its significant growth potential, India will need more airports, increased capacity at existing ones and supporting infrastructure, finance and human resources.
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If the economy gets robust, we would require 200 more airports in the country
Towards creating a better infrastructure in the country, the Airports Authority of India (AAI) is working hard to connect smaller towns with major cities.
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We are quite confident of the underlying value of our assets
We are just taking out money from where we think we have got the maximum and putting it into projects which we think has potential, says Parmit Chadha, CEO, Strategy and Corporate Development, GMR Infrastructure