At a high level meeting between the officials of Srinagar Development Authority (SDA) and Housing and Urban Development Corporation (HUDCO), it was decided that the former would seek loan from the latter for construction of houses and other projects. The SDA decided to seek financial assistance from HUDCO given the mounting demand for apartment-type housing and in view of the escalating land costs in Srin
Tag: Construction
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Govt asks developers to complete housing projects
Private developers who are delaying the construction of affordable housing units in Jaipur received a warning from the state government's urban housing and development (UDH) department. The developers were asked to complete the project by end of July or else lose the security money. The department said it would transfer the security money to Jaipu
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Land acquisition hurdle delays customs post project
There is a delay in the upgradation of the land customs station at Petrapole, West Bengal, which accounts for more than half of the bilateral trade between India and Bangladesh, owing to impediments in land acquisition. The check post will offer customs and other clearances required to export goods and will reduce the time taken for the movement of cross-border consignments. This information was given by Amit Kumar Roy, commissioner of customs (preventive) at a Bengal National Chamber of Commerc
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PCMC prepares DPR for effluent treatment plant
Pimpri Chinchwad Municipal Corporation (PCMC) is preparing detailed project reports (DPR) for construction of a common effluent treatment plant for 2,500 small industries in Maharashtra Industrial Development Corporation areas. This is part of a slew of civic amenity projects planned by the corporation. They include preparation of a city sanitation plan with provision for construction of toile
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Govt to include panel suggestions for future JNNSM projects
Union ministry for New and Renewable Energy said it incorporated the suggestions given by an inter-ministerial committee to strengthen guidelines for selecting EPC contractors for projects under the Jawaharlal Nehru National Solar Mission (JNNSM). Following allegation of irregularities in implementing projects under JNNSM, the ministry set up the inter-minis
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Flyover work starts at Subhash Chowk in New Gurgaon
Haryana Urban Development Authority (Huda) last week began the construction of a 600-metre flyover at Subhash Chowk in New Gurgaon. Once the flyover opens to the public in the area can expect relief from frequent snarls. The facility is expected to provide smooth vehicular movement between Huda City Centre and Hero Honda Chowk on the Delhi-Gurgaon Expressway.
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Petronet to rope in contractors for LNG terminal project
In order to set up gas storage facilities, re-gasification plant and marine facilities for its proposed 5 million ton LNG terminal in Gangavaram, Petronet LNG will rope in contractors. In order to select contractors, the company invited bids from eligible entities. Some months ago, the board of the firm approved the plan to set up the LNG terminal, which would be the first
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Net profit of R-Infra rises 76%
During Jan-Mar 2013, the net profit of Reliance Infrastructure (R-Infra) grew a whopping 76 per cent to Rs 725 crore from Rs 411 crore in the year-ago period. However, the firm's total income from operations declined 15.3 per cent to Rs 6,187 crore from Rs 7,135 crore in the same quarter of 2011-12. The decline in incom
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Board of Chennai port clears plan to conduct fresh bidding
It is learnt from media reports that the board of trustees of the Chennai port approved a proposal to conduct fresh price bidding from pre-qualified bidders for the Rs 3,686 crore container terminal project. The move comes after the central government allowed Adani Ports and Special Economic Zone (APSEZ), IndiaÂ’s biggest private port operator, to partic
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Govt almost completes golden quadrilateral project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the entire length of Golden Quadrilateral (GQ) has been completed, except 110 metre. The North - South and East - West Corridor has also been completed, except 636 km under implementation and 372 km to be