The government has drawn up a new scheme of ultra mega road projects (UMRPs), where firms will have the right to develop real estate alongside the stretches. This is to boost the viability of road products without adding to fiscal stress and attract big corporations into the sector. Each UMRP will be marked for its sheer size - Rs 20,000 crore each - and the resultant gain on cost efficiency.
Tag: government
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Solar Cities to be Developed
The Ministry of New and Renewable Energy proposes to develop 60 cities as solar cities. So far,based on proposals received by the government from various sates, in-principle approval has been given to 48 cities to be developed as solar cities in the country. Out of these, 37 cities have been given the green light by the government.
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Shale Gas: The unlikely alternative?
The government’s plan for bidding out the shale gas blocks for exploration has been postponed till 2013, and it seems India is in the dilemma of how to take its shale gas initiatives forward in policy. The delay points to a debate on the environmental hazards. Given the greater likelihood of groundwater contamination, will shale gas be a reality in the near future? Sudheer Vathiyath explores.
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Fourth CMD in 2 years
Quick turnovers are not the salient feature of a vibrant economy alone, it seems. Rural Electrification Corporation (REC) has seen turnovers of a different kind: four CMDs in two years. Rajeev Sharma takes over the reins from HD Khunteta who took over from JM Phatak only in May last year for a period of “three months or until further ordersâ€. He served for seven months, while Phatak was CMD for less than a year.
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Aviation Infrastructure: Security infra in airports
As airport security took centrestage in aviation after the 9/11 and other forms of terror attacks, Inderjit Singh says a national security infrastructure is now a pre-requisite to growth.Of the Rs 650,000 crore that the Indian government has budgeted in 2011-12 towards transportation, Rs 70,000 crore is budgeted for the development of greenfield airports and upgrade of existing airports and a major portion of it would be from the private sector, financial institutions and Foreign Direct Investment (FDI).
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Nod to infra projects
Infrastructure projects worth over Rs one lakh crore are likely to get regulatory clearance from the government this month.
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Port connectivity: The efficiency linkages
Bankers say ports are one of the best sectors to finance to. With the frenetic growth envisaged in the 2020 Agenda, port connectivity is impatiently awaited as the government works on four-lane roads and rail lines linking the gateways to the hinterland.
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Infrascape 2012 | Finance: IDFs won't attract global investments
The challenges this year have had little to do with the availaÂbility of finance, but with the poor bankability of infrasÂtructure projects. The inability of the goÂveÂrnment to honour agreements (tariff increases, coal linkages, enÂviroÂnment clearanÂces,
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Infrascape 2012 | Roads: Financing will be key
Efficient technical competÂence, quality management, resÂource mobilisation and control are factors that have contributed positively to the growth of the sector. The ambitious plans for development of infrastructure of the government
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Show cause notice to 57 mines
The Joda mining circle, unÂder the Orissa state steel and mines department, has sent show cause notices to 57 mines for the irregularities and minÂing rule violations caused by them between 2001 and 2010.