Under its Rural Infrastructure Development Fund (RIDF) the National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of 115 crore to the Goa government for construction of one rural bridge.
Category: Roads & Highways
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PMC submits report to HC on condition of roads
Recommending to improve roads in Pune city, the Pune Municipal Corporation (PMC) has prepared a policy note and submitted the same report to the Bombay High Court. The High Court had asked the PMC to submit the report, following a public interest litigation (PIL) on the poor condition of roads in Pune.
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Himachal re-allots World Bank-funded road project
In Himachal Pradesh, a road project, which was earlier awarded to a Chinese firm Longjian Road and Bridge Company, has been re-allotted to another company. The road project has been funded by the World Bank, officials concerned said in Shimla on September 30. The project is likely to be completed in two years.
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Not easy being the first PPP project
Implementing the first PPP in rail couldn't have been easy. While he prepares to enter into more JVs with the rail ministry, Pankaj Malviya, MD, Pipavav Railway Corporation Ltd (PRCL), explains to Shilpi Aggarwal how a clause helped bring down operational costs from nearly 100 per cent to just over 50 per cent
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Rinac forays into refrigerated transportation
Rinac India, an integrated engineering solutions company offering end -to-end engineering solutions for the food preservation and construction industries, has forayed into the refrigerated transportation segment with the launch of its latest offering, the Chill Kart.
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NHAI to spend Rs.11,885 cr
For its many projects, the National Highways Authority of India (NHAI) has set an expenditure target of Rs 11,885 crore for this 2013-14 fiscal. The planned expenditure includes its flagship road building scheme National Highways Development Project (NHDP) as well
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Migration policy to aid PPP projects at major ports
To help 15-20 public-private partnership (PPP) projects at major ports in the country, the Union Government is set to announce a 'migration policy'. The new policy will be applicable for PPP projects signed on the basis of 2005 guidelines, the Union Shipping Secretary, Vishwapati Trivedi has said.
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Bill for speedy dispute resolution
For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
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Orissa highway development
Orissa is to repair its state highways at a cost of Rs 3,000 crore in the next four years. The state government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore.
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NHAI to meet banks before lending
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects.