GMR and GVK infrastructure companies are walking out of mega road contracts as they are unable to arrange funding for those projects, the National Highways Authority of India (NHAI) has said.
Category: Aviation & Airports
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KSIDC to rope in consultant for airport project
Media reports suggest that consultants are invited for Ăâtechno economic feasibility and environmental impact assessmentĂâ for the proposed airport at Wayanad by Kerala State Industrial Development Corporation (KSIDC). Airports Authority of India (AAI) found the site identified at Panamaram, Wayanad, suitable for the project during a preliminary feasibility
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc
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Aranmula airport project gets nod from Centre
In Kerala, the private sector KGS Aranmula International Airport has received the crucial Ăâin-principle approvalĂâ of the Union Ministry of Civil Aviation. The approval is effective from September 4, 2012. PT Nandakumar, Executive Director of the airport company, said that this is the final clearance granted by the steering committee of the Ministry chaired by Secretary, Civil Aviation.
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Govt to hold meet over GMR exiting Rs 7,500 cr project
To study the reasons for the exit of GMR from a National Highways project, a meeting of senior officials, including secretaries and joint secretaries will be convened, Union Minister of State for Road Transport and Highways Sarve Sathyanarayana said in Coimbatore on January 9 . GMR has exited from the Rs 7,500 crore project alleging delay in statutory approvals.
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Cabinet to decide on proposed bank holding company
According to government sources, the cabinet would consider the proposal for setting up a bank holding company for state-run banks soon. The holding company is intended to enable state-run banks to raise capital from the market instead of seeking funds
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NHAI may bar GMR from its bids
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are contemplating action against GMR Group for its 'abrupt and unilateral' walkout of the 555-km-long Kishangarh-Udaipur-Ahmedabad National Highway project. Alleging delays in approvals GMR has come out of the road project.
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Air India concerned over FDI in aviation
Indian State-owned Air India has warned the Union government that allowing investments by foreign airlines will hurt the interests of domestic airlines and prevent Indian airports from developing into international hubs. The government should study the potential impact of such investment on the domestic aviation sector as a whole, Chairman and Managing Director (CMD) Rohit Nandan wrote in a letter to Aviation Secretary KN Srivastava in December, sources said.
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Strong room planned for cargo at Surat airport
In Surat, the Airport Authority of India (AAI) plans to set up a strong room facility for valuable cargo like diamonds, gems and jewellery and gold at the city's airport. The diamantaires have been demanding international air connectivity and cargo handling facilities at Surat airport for the past few years.
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because