Through an auction of 63 plots, the Visakhapatnam Urban Development Authority (Vuda) has got a Rs 24.82 crore. The two-day auction of the plots in Visakhapatnam and Vizianagaram districts concluded in Visakhapatnam on October 18.
Category: Smart Cities
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Nod to Nashik civic body to raise Rs 200 cr loan
A Rs 200 crore loan proposal of the Nashik Municipal Corporation (NMC) has been cleared by the Maharashtra State Urban Development Department on October 17. Accordingly, the civic administration may raise the amount from any nationalised banks or through bonds for various civic works.
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Study on Mumbai-A’bad high-speed train in 18 months
To conduct a detailed feasibility study on a high-speed train between Mumbai and Ahmedabad, India and Japan will soon sign an agreement. The study is to take 18 months to complete.
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Nabard’s offer to TN infra projects
For developing several infrastructure projects in Tamil Nadu, the National Bank for Agriculture and Rural Development Bank (Nabard) has committed a financial support of Rs 1,500 crore to the state during the current fiscal.
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Nod to projects worth Rs.1.2 lakh cr on Delhi-Mumbai corridor
Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
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Large projects on fast-track
With an objective to give a big push to the industry in the country, the Union Government has decided to fast-track 17 large projects with total investments of around Rs 4 lakh crore.
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Land Acquisition Bill is not against industrialisation
Union Minister for Rural Development Jairam Ramesh said that the new Land Acquisition Bill is not against industrialisation and urbanisation as there is no bar on purchase of private land. He said the new Act renamed as the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013 will come into force only in such cases where the land will be acquired by Central or State Authorities for any public purpose.
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NCR RRTS project faces several challenges
Experts discuss the challenges that may arise in the implementation of the Rs 72,000 crore NCR Rapid Rail Transit System (RRTS) project. The NCR authority plans to implement the project through Public Private Partnership (PPP) mode. Experts feel that the viability of the project depends on th
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NSN to get Vodafone contract
The Indian unit of Vodafone Group is likely to award a Rs 1,340 crore contract to Finland's Nokia Solutions and Networks (NSN) for upgrading its 2G and 3G networks, according to reports. The deal will involve supply of higher capacity base stations
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Delhi govt to set up infra facilities
Delhi government would set up civic amenities like hospitals and schools in over 1,600 unauthorised colonies, where it plans to ease development guidelines. The necessary infrastructure facilities to all the 1,639 unauthorised colonies would be provided by the state gov