The decks have been finally cleared for developing the minor, seasonal port at Gopalpur into an all-weather port with the Union Ministry of Environment and Forests (MoEF) giving its green signal.
Tag: April
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JNPT pays back the locals
The Jawaharlal Nehru port will part with 165 hectare of developed land to the project affected people around the port.
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Race for highway projects
For the 100 projects with a total length of 11,000 km NHAI plans to award in the coming fiscal, existing highway developers are expected to up the ante and newer players set to join the race.
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Banks should increase their size to participate in the huge infra lending opportunities
Corporation Bank’s lending grew 30 per cent last year, and its confidence in infra-lending is evident. The high growth will continue, according to Chairman and Managing Director Ramnath Pradeep.
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Objecting 26 per cent profit to locals
The coal ministry has objecÂted to a proposal to make it mandatory for mining firms to contribute a portion of their profits towards local area develÂopment, as it will erode valuaÂtion of firms and dampen invesÂtor sentiment.
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Evolving PPP project predictability
The government is framing a national policy for public-private partnership (PPP) in infrastructure projects to elimiÂnate inconsistencies in the ruÂles and make infrastructure attÂracÂtive to foreign investment.
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Broadband in 5 lakh villages in 18 months
The Telecom Ministry aims to provide rural wireless broadband connections to over five lakh villages in one-and-a-half years and will provide a subsidy to both state-owned and private service providers from the Universal Service Obligation Fund.
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BSP bags Lankan rail orders
Bhilai Steel Plant (BSP), the flagship entity of the Steel Authority of India (SAIL), has bagged a fresh order of exporting rails to Sri Lanka.
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Hi-speed rail interests UK Co
UK firm Mott Macdonald will undertake a pre-feasibility study of the 993 km Delhi-Patna rail route as part of the government’s move to connect Patna with a high speed train.
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Waterways for coal transport
NTPC has tied up with Inland Waterways Authority of India (IWAI) to ensure smooth transportation of coal for the Farraka and Khelgaon projects as the railways network is congested and coal supply can be augmented through use of waterways given that the plants are situated near the Hooghly and the Ganga.