GMR has been rapped by the National Highways Authority of India (NHAI) for its termination notice for the country's biggest highway project worth at least Rs 6,000 crore.
Category: Aviation & Airports
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China to build world’s highest airport in Tibet
In Tibet, China will start work on the world's highest airport next year. The airport is to come up in in Tibet's Nagqu county, the State media Xinhua news agency has said.
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Aranmula airport
Chennai-based KGS Group of companies is all set to start work in this January on the Aranmula International Airport project in Kerala. It has got all requisite clearances from the authorities concerned, said Gigi George, Managing Director, KGS Aranmula International Airport. He said the work on the Rs 2,000-crore project would commence in the second week of this January and is expected to be ready for airport operations by December 2014.
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WorldÂ’s highest airport
In Tibet, China will start work on the worldÂ’s highest airport this year. The airport is to come up in TibetÂ’s Nagqu county, the State media Xinhua news agency has said. The airport will be about 100 m higher than the existing record holder in another part of the remote and restive region. Nagqu airport will be at an altitude of 4,436 m above sea level, slightly higher than the airport in Qamdo town at 4,334 m.
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GMR to seek damages
Seeking a compensation of over $800 million from the government of Maldives Indian infrastructure company GMR is mulling to sue against the government in an international arbitration tribunal. GMR was forced to hand over Male airport to the Maldives government recently. The Indian company GMR, which was operating the Ibrahim Nasir International Airport at Male at an investment of $511 million, says it feels cheated for having the contract cancelled over an illegal component - airport development
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GMR to issue ` 316 cr bond issue for hÂ’way project
GMR Group would launch long-term infrastructure bond issue for its highway project in January, India Infrastructure Finance Company (IIFCL) said. The Rs 316-crore issue will be partly guaranteed by IIFCL, a state-run infra lender, through its credit enhancement scheme. GMR plans to raise around Rs 316 crore through the issue and IIFCL would guarantee the bonds issue to the tune of 24 per cent.
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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Policy on regional air connectivity
Within the next three months, the Union Government hopes to have a plan ready to promote regional air connectivity, Union Minister for Civil Aviation Ajit Singh said. A committee appointed by the Ministry to give recommendations to promote regional connectivity would submit its report by January 31.The government hopes to have some policy in place in about two months after the report is submitted.
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GMR Infra starts two highway projects in AP, Karnataka
Commercial operations of the Hyderabad-Vijayawada section of the National Highway 9 and the Hungund-Hospet section of the National Highway 13 have been commenced by GMR Infrastructure. With the commencement of these, the group now has a portfolio of eight operating highways. The projects are expected to generate revenues in the range of Rs 75 lakh to Rs 80 lakh per day for the former and Rs 18 lakh to Rs 20 lakh per day for the latter.
The Hyd-Vijayawada project was awarded through an internati
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GMR Infra starts two highway projects in AP, Karnataka
Commercial operations of the Hyderabad-Vijayawada section of the National Highway 9 and the Hungund-Hospet section of the National Highway 13 have been commenced by GMR Infrastructure. With the commencement of these, the group now has a portfolio of eight operating highways. The projects are expected to generate revenues in the range of Rs 75 lakh to Rs 80 lakh per day for the former and Rs 18 lakh to Rs 20 lakh per day for the latter.
The Hyd-Vijayawada project was awarded through an internati