Union Finance Minister P Chidambaram on March 28 announced the proposal to set up a road regulatory authority to address issues such as financial stress, construction risk and contract management in the sector.
The Minister said the independent regulatory authority will be set up in 2014 to address all issues faced by the road sector.
Category: Roads & Highways
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Centre to set up road regulatory authority
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Kerala opposes development of 5 NHs
The Kerala government is not willing to develop five National Highways (NH) in the state that are included in the National Highway Development Project (NHDP) Phase IVA and imposing toll on them. The State has informed the same to the Union government.
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Widening of key highway started in Srinagar
Gearing up to fulfill his commitment of bringing an end to traffic jams at Pantha Chowk in Srinagar, a key highway stretch to south Kashmir, District Development Commissioner Srinagar Farooq Ahmed Shah on March 27 got widening work started, an official spokesman said. He said the DDC directed to take up the widening work in the Sempora stretch, which witnesses frequent traffic jams.
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Widening of roads begins in Arpora-Nagoa area in Goa
The Goa Public Works Department (PWD) has started work on the widening of roads in Arpora-Nagoa panchayat area. In the first phase, the road from the Arpora market junction to the Nagoa church is being widened.
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Gammon gets uderwriting of financial closure for 5 road projects
Gammon Infrastructure has secured underwriting for the financial closure of five highways projects in Bihar, Andhra Pradesh, Madhya Pradesh, Orissa and Haryana, which is likely to help the developer tie up funds easily and enable faster pace of progress.
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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
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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Six-lane for Edappally-Aroor NH key to ease traffic woes
In Kerala, widening of the Edappally-Aroor NH Bypass into six lane and subsequent development of the four major junctions in the stretch hold the key to smoothening traffic flow along the stretch.
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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
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.