The Cabinet Committee on Economic Affairs (CCEA) approved the setting up of two major ports, one each in West Bengal and Andhra Pradesh. The ports would be set up in at Sagar Island, West Bengal and at Dugarajapatnam in Andhra Pradesh on Public Private Partnership (PPP) mode. According to a government press release, the existing port facilities at Kolkata and Haldia are riverine ports and are f
Tag: Cabinet Committee on Economic Affairs
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CCEA clears Rs 31 bn highway widening project
The Cabinet Committee on Economic Affairs (CCEA) cleared a Rs 3,120 crore project for four-laning of the 155 km Hoshpukur-Falakata-Salsalabari section of National Highway-31D in West Bengal. The project cost includes the cost of Rs 907.60 crore towards land acquisition, re-settlement and rehabilitation and other pre-construction activities. The districts of Darjeeling, Jalpaiguri and Coochbihar in West Bengal are cove
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CCI to address issues on oil and gas blocks
Cabinet Committee on Investment (CCI) would sort out the defence related issues in starting exploration on some of the oil and gas blocks, Planning Commission Deputy Chairman Montek Singh Ahluwalia said. Ministries of defence and oil are asked by the committee to sort out issues like exploration area overlapping with proposed Naval base or being close to missi
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CCEA clears Rs 17 bn port project
The Cabinet Committee on Economic Affairs (CCEA) cleared the Rs 1,707 crore multi-purpose berths and mechanised berths project at Kolkata Port Trust. These projects, which would enhance the port cargo capacity by 23.4 million tonne (mn t), would come up at Haldia Dock II (North) and Haldia Dock II (
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Centre okays Rs 732 cr h’way widening project in Odisha
For widening of a section of National Highway 200 in Odisha under National Highways Development Project (NHDP) the Union government on March 7 approved a fund of Rs 732 crore. The Cabinet Committee on Economic Affairs has approved the implementation of the development of four laning of Bhuban-Dubari-Chandikhole section of National Highway-200 in Odisha under the NHDP Phase III on Design, Build, Finance Operate and Transfer basis in Build-Operate-Transfer (Toll) mode of delivery, an official stat
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Ministry for restricted price pooling of coal
Reports suggest that the union coal ministry may restrict the proposed coal price pooling mechanism only to power projects getting commissioned after March 2009. In a note forwarded to the Cabinet Committee on Economic Affairs (CCEA), the coal ministry has proposed the limited application policy for price pooling. The CCEA had
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OVL’s $1 bn acquisition plan gets CCEA nod
The proposal of ONGC Videsh (OVL) to pick up the 2.7213 per cent stake of US energy major Hess Corp in the Azerbaijan oilfield received approval from the Cabinet Committee on Economic Affairs (CCEA). According to the plan, OVL would invest $ 1.001 billion to buy 2.7213 per cent stake of the above mentioned firm in Azeri, Chirag and the deep water porti
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CCEA to decide budget allocation for PPP projects
Cabinet Committee on EcÂoÂnomic Affairs (CCEA) would decide on the proposal to prescribe a suitable cap on budgetary allocations for annuity payments for the PPP projects.If the proposal is cleared, government would set a timeline till which future budgetary options can be foreclosed for making payment to the concessionaire for financing, construction, operation and maintenance of a PPP project.
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nod for 2 road projects
The Union Cabinet approved proposals for two highway projects worth over Rs 5,000 crore. The Rs 2,015.6 crore highway project in Bihar will be implemented with financial assistance from Japan. The other one is four-lane 368.2-km-stretch in Odisha. The Cabinet Committee on Economic Affairs (CCEA) also approved the implementation to four-lane the Patna-Gaya-Dobhi section in Bihar with Japan International Cooperation Agency (JICA) loan assistance.
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CCEA clears proposal to cap annuity allocation for PPP projects
The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (BK Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to a