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Navayuga Road Projects to invest Rs 357.60 cr

Navayuga Road Projects to invest Rs 357.60 cr

The Government has approved six foreign direct investment (FDI) proposals worth over Rs 732 crore based on the Foreign Investment Promotion BoardÂ’s recommendations. The two largest proposals notified by the Finance Ministry include Hyderabad-based Navayuga Road ProjectsÂ’ plans to make downstream investments in its Special Purpose Companies worth Rs 357.60 crore and SIDBI Social Venture TrustÂ’s submission to bring in foreign investment worth Rs 285 crore by allotting some units of the Fund.

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Study of Mughal road tunnel in J & K is on

Study of Mughal road tunnel in J & K is on

The Jammu and Kashmir Government has said that a proposed tunnel on the Mughal Road between Zaznar and Chattapani to keep the road open round the year, was under survey. A tunnel is proposed on the 84-km Bafliaz-Shopain road between Zaznar and Chattapani to keep the road open round the year, the State Minister for Roads and Buildings, Abdul Majeed Wani, said in the Legislative Council in Jammu on March 25.

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Port capacity may rise 114 mn t due to new projects

Port capacity may rise 114 mn t due to new projects

The total number of port projects awarded in 2012-13 may raise capacity of the country's ports by 114 million tonne (mn t) pa. The shipping ministry awarded in all 26 projects so far in 2012-13 and out of this 14 are Public Private Partnership (PPP) projects. The 14 PPP projects would bring in an additional capacity of 80 mn t per annum at an investment of Rs 5,600 crore

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Govt to ease norms for road builders

Govt to ease norms for road builders

Seeking to attract developers to new construction projects the Union Roads Ministry has proposed easing norms for road builders. The Ministry has sent a note to the Cabinet Committee on Investment suggesting an early exit for road developers.

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Plan panel differs on powers of the proposed road regulator

Plan panel differs on powers of the proposed road regulator

Recently, an inter-ministerial meeting was held for the first time to discuss the proposal to set up a regulator for the road sector. The meeting was attended by the officials from the finance ministry, the law ministry and the National Highways Authority of India (NHAI). During the meeting, Planning Commission expressed strong reservations over giving the proposed regul

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TN govt asks GAIL to lay pipelines on roadsides

TN govt asks GAIL to lay pipelines on roadsides

Tamil Nadu Chief Minister J Jayalalithaa said her government would not allow the Kochi-Bengaluru GAIL gas pipeline project to affect the welfare of farmers. It may be recalled that local farmers are protesting against GAIL's decision to lay gas pipeline on agricultural land. Recently, the state government held a three-day consultation with affected farmers. Also, the chief minister asked Chief Secretary Sheela Balakrishnan to hold discussions with those affected

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Govt to upgrade 5 roads via PPP model

Govt to upgrade 5 roads via PPP model

Haryana government would adopt Public Private Partnership (PPP) model to develop five major roads in the state, the state Industries and Public Works Minister Randeep Singh Surjewala said. The five roads identified for the project are Bahalgarh chowk Meerut-Sonepat road, Panipat-Sonali Road SH-16, Kond-Moonak-Salwan-Assandh road till MDR border, Palwal- Aligarh Road and Karnal-Meerut Road, he said after inaug