Environmental gains are equally significant, with the projects expected to reduce oil imports by 160 million litres and curb carbon dioxide emissions by 5.15 billion kilogrammes, the equivalent of planting 200 million trees. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved four major multitracking projects that will expand...
Tag: Connectivity
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BRO to build the world’s highest tunnel at Shinku La Pass
The world’s highest tunnel will connect Himachal Pradesh to Ladakh
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JICA to provide Rs 7k cr loan for western freight railway project
Phase II will connect freight lines of Dadri-Rewari, Vadodara-Mumbai
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Shipping Ministry moots company for port connectivity projects
To boost the port-rail connectivity projects, the Ministry of Shipping is con¡sidering plans to set up a new company to undertake rail projects at all government ports.
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Air services to Rameswaram, Kanyakumari
Experts say air connectivity to tourist spots like Kanyakumari, RamÂeswaram in the country will improve the growth of such tourism centres. As per a proposal of the Union Civil Aviation MinistryÂ’s proposal, one can expect a 20-seater or a 40-seater passenger aircraft to land in a civilian airport in Kanyakumari or RamÂeswaram.
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Gujarat govt sets up SPV to implement Rs 50 bn project
The Gujarat government set up a special purpose vehicle with an initial authorized capital of Rs 200 crore to implement a dedicated regional rail system project. State-run RITES is learnt to have submitted to the Gujarat government, the final feasibility report for the project, which is expected to cost Rs 5,000 crore at the current price. Initially, the estimated cost of the project was Rs 2,500 crore in
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Kollam port fails to attract cargo vessels
Kollam Port, which was set up at a cost of Rs 50 crore some years ago, failed to attract cargo ships so far. Some reports attribute the poor traffic at the port to lack of proper road connectivity and local resistance to any development programme. Kerala government set up Kollam port within the Tangasseri breakwater complex and inaugurated it in 2007
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Consortium may lend Rs 7 bn to Dighi Port
A consortium of banks led by Bank of India would reportedly lend Rs 700 crore for the infrastructure project proposed to be carried out by Vijay Kalantri-promoted Dighi Port. The project, which is estimated to cost Rs 1,000 crore, includes setting up a new berth and road and rail infrastructure at the port. The remaining cost would be met by the promoters, reports indicate
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Ennore Port, JNPT raise funds via bonds
Ennore Port and Jawaharlal Nehru Port Trust (JNPT) are in the processing of raising funds through issue of tax-free bonds. While Ennore Port is raising Rs 1,000-crore through the bond, JNPT would raise Rs 2,000 crore. Ennore Port offers two categories of bonds: 10 year bonds bearing annual rate of interest of 7.01 per cent and 15 years offering 7.17
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Govt may give concessions to road developers
Government plans to give some concessions to financially strained highway project developers in order to fast-track execution of projects in the sector. It may be noted that the NHAI has been able to award contracts to build under 1,000 km of highways so far in 2012-13 compared to the revised target of 4,800 km in the entire financial