The agreements for 41 projects worth Rs 1,702 crore to be taken up in the public private partnership (PPP) mode in 28 municipalities and three development authorities across the State were inked under the Partner Kerala Mission.
Category: Roads & Highways
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Goa to get Rs.700 cr infra boost
In a major step to give a boost to the poor infrastructure in Goa, the Chief Minister Laxmikant Parsekar has proposed to increase the budget of the state infrastructure development corporation (GSIDC)-the special purpose vehicle for such projects-to Rs 700 crore which is almost three times of the previous year.
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Govt links panchayats with broadband
The Central Government has completed the rollout of national optical fibre network in 20,000 village panchayats to provide high speed broadband connectivity.
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Unit for handling transport logistics to be set up soon
The Indian Railways will set up a new state-owned entity, TRANSLOC, by July to handle transport logistics, a senior official said.
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GIDC to receive Rs.700 crore
Goa government has proposed to increase the budget of the Goa state infrastructure development corporation (GSIDC) to Rs 700 crore which is almost three times of the previous year.
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Government amends norms for financial support to PPP
The Government has approved amendments to the Public-Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.
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Target Sustainability, Become Smart
New age concerns of resource optimization, climate change impacts, financial situation of urban bodies, etc., have given rise to new brands of cities such as green cities, eco cities, inclusive cities, resilient cities, sustainable cities and smart cities.
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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Govt may fine road agencies for mishaps
Road owning agencies and those involved in designing, implementation and maintenance would have to cough up Rs 1 lakh for any death in a crash due to the road condition.
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PPP model needs revamp
Restructuring of Public Private Partnership (PPP) framework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said.