In Gujarat, the pre-empowered committee of the Pradhan Mantri Gram Sadak Yojana (PMGSY) has cleared upgradation of the 2,834 km of roads at an estimated cost of Rs 1,064 crore. Union Minister of Rural Development Jairam Ramesh informed Chief Minister Narendra Modi about the Centre's decision in a letter. Ramesh said that a meeting of the pre-empowered committee was held recently and the same has recommended upgradation of 921 roads, covering 2,834 km in all across the state.
Category: Roads & Highways
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NHAI gives 6 months time to firm to complete Jaipur eway
Cautioning over the delay in completion of work on the 225-km-long Gurgaon-Jaipur stretch of National Highway-8, the National Highways Authority of India (NHAI) has given the concessionaire firm, Pink City Expressway, about six monthsÂ’ time to complete the project. Tightening the noose on the concessionaire firm, the NHAI has fixed December 31, 2013 as the deadline for completing all the flyovers and service roads where acquisition of land is not an issue.
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West Bengal calls bids for Rs 500 cr highway stretch
In West Bengal, financial bids from the short-listed infrastructure companies have been called by the West Bengal Highway Development Corporation (WBHDC) for four-laning of the Dankuni-Chandannagar section of State Highway-13. Infrastructure majors such as Gammon India, HCC, IVRCL and Nagarjuna Construction are in the fray to participate in the project, sources said.
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Haryana govt okays Rs 9 cr for Yamunanagar road repairs
Haryana government has approved Rs. 9.37 crore to repair roads in Yamunanagar district that were damaged because of the recent rains. More than Rs. 1.87 crore will be spent on the construction of roads, cross-drainage structure and 60-metre side ramps on link road from Kaith Kalanour village to Lapra village, a release said.
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National Roads & Highways Summit – Opportunities, Issues & Solutions
The Roads, Ports & Other Infrastructure Committee of PHD Chamber of Commerce & Industry organized the 'National Roads & Highways Summit- Opportunities, Issues & Solutions' on the 28th of June, 2013 at PHD House, New Delhi.
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Administration wants NHAI to spare land for airport project
In order to enable expansion of Mysore airport, the local administration asked National Highways Authority of India (NHAI) to spare a chunk of land while upgrading a stretch of NH-212 between Mysore and Nanjangud. The district administration asked NHAI to spare the stretch between Mysore and Kadkola and launch the upgradation works from Kadkola onwards, as it will help in airpo
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Infradebt refinances road project
India Infradebt (Infradebt), which is the countryÂ’s first Infrastructure debt funds (IDFs) in the NBFC format, completed its first transaction by refinancing a road project of Zirakpur-Parwanoo section of NH-22. The stretch is built by Himalayan Expressway, which is part of Jaiprakash Group. The debt fund is sponsored by ICICI Bank along with Bank of Baroda, Citigroup and LIC
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Minister proposes 7 km flyover in Mandya to ease traffic
To ease traffic congestion in the heart of Mandya city, on Bangalore-Mysore main road, the Karnataka government has been requested to construct a seven-km flyover from the entry point of Mandya city up to the exit point, the State Housing Minister MH Ambareesh said on July 7. He said that the proposed flyover is likely to cost around Rs 317 crore. During peak hours, it takes not less than 45 minutes to cross Mandya on the main road.
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PPP policy must aim to allot risks optimally
Experts feel that the objective of the public private partnership (PPP) policy of the government should be to share the project risks optimally, rather than transfer them wholesale to the private sector. Experts and policy makers are debating the fate of PPP projects in the country in the wake of some private contractors exiting key infrastructure contracts like metro rail, highway etc
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AI extends deadline for $500 mn bridge financing offer
As the lenders not showing much interest, Indian government-owned Air India has extended its $500-million bridge financing offer by one week to July 12. Air India is planning to raise the money to pay for the five Dreamliners, which are to be delivered beginning this month through December. The airline had extended the last date to July 12 from July 5, according to AI sources.