For the current financial year, the government will not meet its infrastructure investment target as hardly any progress made in five of the nine projects identified by the Planning Commission in consultation with the Prime Minister´s Office (PMO). In this background, the PMO has been suggested to review the infrastructure targets set in June based on the progress on each of the identified projects.
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Mumbai coastal road
The 35 km Mumbai coastal road project worth Rs 8,000 crore is likely to be put on the fast track and work on the ambitious road project is expected to begin by December next year. The road will run from Nariman Point to Kandivli, and aimed at easing the traffic congestion in western Mumbai.
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GVK ties-up for Java airport project
To build a second airport in Yogyakarta of Java city in Indonesia, GVK Power & Infrastructure is joining hands with the Indonesia´s State-owned infrastructure firm PT Angkasa Pura I. Angkasa Pura will fund the project through loans or equity. GVK, the Indian infrastructure major and the first foreign firm allowed to own a stake in an Indonesian airport, will have a major share in the $700 million project.
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Noida’s NH-24 to get an underpass
To construct an underpass at the crossroads of the highway with Noida, tender process has been initiated by the Noida Authority. The Authority's move follows approval of budget estimates of Rs 113 crore for the proposed project from IIT-Delhi.
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Noida’s NH-24 to get an underpass
To construct an underpass at the crossroads of the highway with Noida, tender process has been initiated by the Noida Authority. The Authority's move follows approval of budget estimates of Rs 113 crore for the proposed project from IIT-Delhi.
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Road widened with retaining wall in Kohima
In Nagaland's capital Kohima, the much awaited project for widening of road and construction of retaining wall at mission compound, near Ura Academy Kohima village, taken up in the month of August 2013, has been completed in last September.
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Our upgraded technology will be a handy reference for IR
The genesis of the DFCs could be because taking care of the two requirements of passenger and freight is a difficult task for Indian Railways. RK Gupta, Managing Director, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), talking with Sumantra Das, says new technology that the DFCs are adopting will be pilot projects for the Railways.
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Steel sector not to be hit by cancellation of projects
The decision of global steelmakers ArcelorMittal and Posco to scrap their India projects will not upset the demand supply equilibrium in the country in the short to medium term, according to some top domestic steelmakers. With economic growth in India slowing, the consumption of the alloy, a key input for industries such as infrastructure, automobiles and consumer goods, is exp
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Govt in favour of dividing CIL into smaller units
Coal Minister Shriprakash Jaiswal is quoted as saying in a media that the government is prepared to divide the largest coal miner in the world Coal India (CIL) into smaller companies. The resulting small companies would compete with each other if experts feel that such a move is good for the country, the minister is quoted as saying
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Maharashtra govt wants centre to clear housing bill
Maharashtra government would request the central government to clear the Maharashtra Housing (Regulation & Development) Bill 2012, which is pending for Presidential assent since last year. The bill, which was cleared by the state legislature, is awaiting the approval of the central government and the nod of the President