Union Road Minister CP Joshi informed a news agency that the ministry cannot attain the target of awarding 9,500 km highways projects in 2012-13 because of several issues. The main issue cited by the minister for missing the target is the impediments in financial closure. Road devel
Tag: approval
Post
Post
Apex court allows work on road projects with only green nod
In a move that may benefit 25 road projects, the Supreme Court clarified that road developers can begin work on a project once it gets environment clearance, irrespective of whether forest clearance is granted or not. The court clarified this while hearing a case involving Ministry of Environment and Forests (MoEF) and road regulator National Highway Authority of India (NHAI). In the
Post
Existing terminal operators submit plea to PM
Existing private terminal operators of ports have demanded that the proposed guidelines by the shipping ministry, if approved, also cover existing terminals as tariff fixation under the 2005 guidelines has hampered their growth. The ministry earlier announced that the proposed guidelines would apply only to new Public-Private Partnership (PPP)
Post
Kolkata Port awaits centre’s nod for Rs 78 bn project
Kolkata Port Trust Chairman RPS Kahlon informed that the port was awaiting cabinet approval from the centre for the Rs 7851 crore Sagar port project in West Bengal. The West Bengal cabinet had approved the project and Kahlon expects the union cabinet to clear it soon
Post
Pace of execution of highway projects slows down
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the pace of execution of national highway projects has slowed because of various hurdles. The hurdles include delay in land acquisition, shifting of utilities, environmental and forest clearances, the minister informed. He also pointed to the shortage of skilled and semi-skilled manpower and economic slowdown as further road
Post
Govt okays financial closure for Jaipur Ring Road project
The Rajasthan government has given approval to financial closure for the long pending ring road project in Jaipur and is expected to begin soon. Once the letter is issued by the Jaipur Development Authority (JDA), the contract company Sanjos Supreme will have to complete work in 21 months. The Jaipur Development Authority (JDA) after examining the financial closure critically provided by the company submitted it to the State government for approval.
Post
Industry players expected more tax incentives
Some companies in the oil and gas sector feel that the budget has not provided enough tax incentives for the upstream and the downstream segments of the sector. For example, upstream companies were expecting the budget to remove service tax on service providers to E&P companies favourably, since that drains away a substantial part
Post
SC hears case on APSEZ
The Supreme Court is hearing a case on halting the operation of 12 companies at Adani Ports and Special Economic Zone (APSEZ) in Mundra, Gujarat. Some of the companies appealed the Gujarat High Court decision to halt their operation in the APSEZ on grounds that they have not secured environmental clear
Post
Cairn drills well in Rajasthan block to raise output
According to a company statement, Cairn India commenced drilling of the first exploration well, after a gap of more than four years, in the prolific Barmer Basin in its Rajasthan oil and gas block. The move to drill well follows the endorsement of the exploration Work Programme for the Rajasthan Block (RJ-ON-
Post
Oil, defence ministries discuss clearance to 39 blocks
The Minister of State for Petroleum & Natural Gas PanabaakaLakshmi informed the Lok Sabha that as per the directives of Cabinet Committee on Investments (CCI), meetings are being held to resolve the issue of Ministryof Defence (MoD) placing restrictions on exploration and development activities in respect of 39 exploration blocks in offshore areas including Krishna-God