Data released by the Ministry of Statistics and Programme Implementation (MoSPI) shows 272 projects out of a total 558 projects costing at least Rs 150 crore are running late as on March 31, 2013. As many as 59 of these projects reported delays just in March 2013 (additional delay
Tag: clearance
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Panel to clear highway projects less than Rs 5 bn
Highway projects worth costing less than Rs 500 crore may be approved by the Standing Finance Committee chaired by the union road transport and highways secretary. A proposal to this effect was approved by the Cabinet Committee on Economic Affairs (CCEA) recently. A statement released by CCEA said the committee will clear all p
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Industry wants CCI to meet more frequently
Industry players and analysts feel that the Cabinet Committee on Investment (CCI)must increase the frequency of its meeting in order to resolve issues in pending infrastructure project. The panel has met only five times in the last six months of its existence and its diktats have pertained largely to public sector investments, though a few proc
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Steel ministry to expedite big ticket steel projects
Union steel ministry is reportedly taking steps to expedite big ticket investment projects, which are held up owing to various issues in the steel sector. In Odisha itself, eight projects are stuck because of reasons like lack of statutory clearances, non-availability of raw material linkage and law and order problem during land acquisition
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Ministry clears Ponnani port project in Kerala
The ministry of environment and forest (MoEF) gave approval to Malabar Ports Private Limited (MPPL) for setting up the Ponnani cargo port in Kerala. Following this, the Chennai-based construction agency
has applied for the final 'Consent for Establishment' to the state
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Ports in east coast have tremendous potential
Ports in the eastern coast of India hold tremendous potential for growth in cargo traffic owing to the development of new projects in the neighbouring areas, reports suggest.Some reports indicate that the ports in east coast are expected to handle coking coal and non-coking coal imports as several major power plants are coming up in Chhattisgarh and Jharkhand
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GPL to begin full-fledged operation soon
Gopalpur Port (GPL) would begin full-fledged operation within a month after rectification of defects, if any, following the test run, a top official of the port said. Since 2010, the port operation had been stopped for its upgradation to an all weather port. Before 2010, the port, located at Arjeepalli was functioning as a seasonal port
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CCI asks agencies to stick to timeline
At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp
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Security nod to firms augurs well for port sector
The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear
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CCEA to consider Rs 845 cr Vizag Port project
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the Rs 845 crore capacity enhancement project in Vishakhapatnam Port. The project involves upgradation of the existing facility and creation of an iron ore handling terminal. The terminal for handling iron ore would be set up on DBFOT (Design, Build, Finance, Operate and Transfer) basis in