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.
Tag: bridges
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Project indemnity could boost infra investment
Emerging economies are heavily investing in infrastructure development for a positive economic growth trajectory. The current economic dynamics in India suggest that infrastructure will give a major push to the overall development of the countryĆĀ“s economy in the long run.
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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
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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Indian concrete industry on a roll
Increased investments in infrastructure development is the focus of the present Government and this segment has now captured the intense attention from top policy makers of the country
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ADB approves $350 million for roads
The Asian Development Bank (ADB) will provide $350 million loan assistance for upgradation of district roads in Madhya Pradesh.
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NE Rly to eliminate unmanned crossings
The North-East Frontier Railway has planned to eliminate all Unmanned Level Crossings by 2016 -17 by either manning these or by construction of low height sub-ways or road under bridges.
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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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Join Hands, Boost Cooperation in Infrastructure
Liu Guoyu, Commercial Counsellor of the Chinese Consulate in Mumbai, outlines the measures that India and China can take to boost their partnership in the infrastructure domain for a mutually beneficial relationship.
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Mutual benefits
ChinaĆĀ“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 MerchantĆĀ“s Chamber. Excerpts China is keen to finance IndiaĆĀ“s infra development plan.