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Centre leapfrogs Uttarakhand govt on roads construction

Centre leapfrogs Uttarakhand govt on roads construction

The Central Government will directly spend about Rs.12,000 crore to rebuild roads on Char Dham and Hemkund Saheb pilgrim routes in Uttarakhand which were damaged during the 2013 floods, adversely affecting the tourism business in the state, a union government official said. The project will be completed in the next four years.

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Rationale behind HSR

An investment in HSR is typically a government decision which is primarily dependent on a number of factors, such as current and projected traffic, expected saving in time, and a reduction in accidents due to a modal shift, reduction in environmental externalities, ease in congestion in existing modes, and the average willingness of the users to pay.

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GIDC to receive Rs.700 crore

GIDC to receive Rs.700 crore

Goa government has proposed to increase the budget of the Goa state infrastructure development corporation (GSIDC) to Rs 700 crore which is almost three times of the previous year.

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RoB projects to get speedy clearance soon

RoB projects to get speedy clearance soon

The Union government is getting ministries and departments to work together to get things moving even though big-bang infrastructure initiatives have remained elusive. The often feuding railways and highways ministries, for instance, have decided to

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Mutual benefits

China´s interest in supporting development of the infrastructure sector in India will lead to a win-win situation for both the economies, says Prabodh Thakker, President, Indian Merchant´s Chamber. Excerpts China is keen to finance India´s infra development plan.