In Mumbai, the Rs 9,630-crore sea link project to connect peninsular Mumbai with Navi Mumbai has moved a step closer to reality with the Centre offering a loan to the project's developer to cover any financial shortfall. Delayed by at least 10 years, work on the Nhava-Sewri sea link project, also known as Mumbai trans harbour link (MTHL), is now expected to start by the year-end or early next year.
Category: ECONOMY & POLICY
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Users expect overcapacity from proposed projects
Exporters and importers, who use major ports, wonder whether the setting up of two container terminals, one each in the Chennai Port and Ennore Port (EPL) would create overcapacity. It may be noted that EPL is in the process of setting up a container terminal in two phases. The first phase costing over Rs 1,270 crore will have a capacity to handSources from the district administration of Jagtsinghpur in Odisha informed that only 70 acre of land is left to be acquired for the proposed 8 mn tpa gr
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Gujarat govt finalising slum rehab policy
Gujarat government is finalising the proposed Slum Development Policy 2013, which aims to promote development of organized housing for urban slum dwellers by both private sector and state agencies. The government is working on the incentives to be provided for private developers, along with subsidy for carrying out slum rehabilitation projects. Private developers will be offered greater FSI (floor space index) as a
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PCMC expects BRTS project to be ready by Aug 2014
By August 2014, the Pimpri Chinchwad Municipal Corporation (PCMC) aims to complete four of its Bus Rapid Transit System (BRTS) projects in phases. It may be recalled that the civic body is developing four BRTS corridors, one along the Pune-Mumbai highway, the second on Aundh-Ravet, the third on Wakad-Nashik Phata and the fourth on Kalewadi Phata-Dehu Alandi road
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Kerala govt addresses hurdles in Vizhinjam project
Kerala Chief Minister Oommen Chandy said that the state government was sorting out several obstacles including getting environmental clearance for the Vizhinjam International Seaport project. He said this while denying the allegation that the state government was trying to delay the project. He further informed that the state government set a time line for each proc
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Petronet holds talks on Rs 6 bn LNG terminal project
Petronet LNG is said to be holding early stage discussion with the Andaman and Nicobar administration for setting up its first liquefied natural gas (LNG) terminal outside mainland India. The proposed mini-LNG terminal, which may cost about Rs 600 crore, may have an initial capacity of slightly over 0.5 million tonnes (mn t) and this would prim
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Delhi govt to allot all EWS flats by Sept
By the end of June 2013, the Delhi government hopes to allocate at least 7,000 houses meant for economically weaker sections (EWS) out of the around 14,000 flats built over five years ago. These flats were built over five years ago and still remain unused because of non-allocation. However, with the assembly election round the corner, the state government has expedited the allocation
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Ahluwalia bats for govt penalty if approval delayed
Planning Commission Deputy Chairman Montek Singh Ahluwalia proposed that the government must pay penalty in case of delay in granting statutory clearances to infrastructure projects. This will create an incentive not to delay clearance, he said while addressing a Ficci conference. Several infrastructure projects in the country are delayed because of lack of statutory clearances like envir
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Govt suspends gold imports, exports from SEZs
The Union government has partially suspended pure gold imports and exports from special economic zones (SEZs), alarmed at the rampant diversion of the duty-free yellow metal to domestic markets. SEZs are allowed duty-free imports as opposed to a maximum of 6 per cent charged on imports by other entities.
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Govt to build houses for urban poor in 12th Plan
The Union Minister of Housing and Urban Poverty Alleviation (HUPA) Ajay Maken has said that the ongoing housing scheme in urban slums, Rajiv Awas Yojana (RAY) was implemented under pilot phase during the Eleventh Five Year Plan period. With the experience gained during the pilot phase, revised scheme of RAY is being worked out for implementation during Twelfth Five Year Plan period.