Punjab government´s ´Draft Master Plan 2031´has elicited the wide range public opinion that better road connectivity of Chandigarh with Mohali and Mullanpur was the main concern of Punjab people. Hearing on the objections/suggestions pertaining to the draft Master Plan 2031 was held on 26 November. The Punjab government suggested that the road network should be strengthened by construction of additional roads.
Tag: 2013
Post
Post
Kerala road policy
Kerala Public Works Department is mulling to come up with its State Road Policy to develop a sustainable road network which would meet the traffic requirements of the future. Draft of the policy will be an improvised version of the one prepared four years back. The formulation of Kerala Road Policy will be discussed at the high-level meet of PWD officials.
Post
SEZ project development
About 30 Special Economic Zone (SEZ) developers have been given six months to one year more time by the Union government to execute their projects. The decision was taken by an inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary SR Rao in its meeting. Requesting for more time to implement their projects, Posco-India, Unitech Infracon and Lodha Dwellers have also made their requisition to the government.
Post
Panel to check traffic
To ascertain the accuracy of road developers´ claims of financial stress due to lower toll revenues, a Union government panel has called for a traffic survey on 47 highways. The panel has been appointed by the Union Cabinet to examine bailout demands of highway developers. The panel is headed by C Rangarajan, Chairman of the Prime Minister´s Economic Advisory Council.
Post
ICICI Venture to raise Rs.1,685 cr
The proposed ICICI Venture infra fund, which aims to invest in assets such as roads, ports, airports and seaports and infrastructure companies, has secured investment commitments of up to $270 million (Rs 1,685 crore) from major companies like LIC.
Post
Govt to set up Rs.5,500 crore innovation fund
The Union government is likely to set up a Rs 5,500-crore Indian Inclusive Innovation Fund (IIIF). Media reports say that the Union Cabinet is likely to take up a proposal in this regard. The fund will be under the Ministry of Micro, Small and Medium Enterprises (MSME).
Post
World Bank GIF to be ready by April
For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF´s shape by next April, says an official in India´s Finance Ministry. The official added that the spring meeting of the World Bank in April will discuss the design the GIF. The facility will help finance needs of infrastructure deficit nations. The World Bank made a presentation to Finance Minister P Chidambaram in October on the pr
Post
TPG stake in Karaikal Port
Private equity firm TPG Capital India is set to buy a majority stake in Karaikal Port. TPG has entered into a so-called exclusivity agreement with the port and will invest at least Rs 1,000 crore to acquire stake from existing investors and promoters. Reports say that the project is expected to be completed by 2018.
Post
ADB to set up infra fund for Asia-Pacific region
To provide finance for projects in Asia Pacific region, the Asian Development Bank (ADB) is to set up Asia Pacific Infrastructure Fund. The Manila-based ADB said it is now looking at a Asia Pacific Infrastructure Fund for infrastructure investment in Asia-pacific region.
Post
Tata Power to raise Rs.5,000 cr in 3 years
In the next three years, Tata Power is exploring various options to raise around Rs 5,000 crore in the next three years. Tata Power has an installed generation capacity of over 8,500 MW. The company has also embarked on ambitious expansion plans, including setting up projects in Vietnam and Georgia. For raising funds, the power utility has said that it is studying all possible options.