The Budget has tried to address infrastructure financing issues by announcing deepening of the corporate bond market and allocation of Rs.25,000 crore towards recapitalization of public sector banks.
Tag: Highways
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Govt. to invest Rs.25k cr in Assam
Union Road Transport and Highways Minister Nitin Gadkari said the Centre would invest Rs.25,000 crore for developing roads, bridges and waterways in poll-bound Assam over the next two-three years.
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Rs.50,000 cr projs sanctioned for TN
The Centre had sanctioned Rs.50,000 crore for infrastructure projects in the State, said Union Minister of Road Transport, Highways and Shipping Nitin Gadkari.
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Govt to set up separate department for transport: Nitin Gadkari
Union Minister of Road, Transport and Highways said that the government will set up a separate Transport Department comprising experts from automobile sector, alternative fuel, emission, etc. ´
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CAG audit threat looms large
The Delhi High Court judgment on Section 20 of the CAG Act may render PPP projects unattractive in infrastructure sectors without a pervasive regulatory authority. In the recent judgment on CAG audit of Delhi distribution companies
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Finding the Right Road
The moot question is whether good intent has been accompanied by careful planning.
It was always going to be a difficult job. Roads development, battered and bruised by a heavy load of projects awarded in the recent past, remained stalled for various reasons ranging from land acquisition and bureaucratic red tape to a lack of accountability and transparency in the bidding process.
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The New Road
We´ve chosen to focus on roads and highways development again this month, making it the cover story for two straight issues in a row. Now, that is surely an unusual situation!
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Industrial development along ports to get a push
The shipping ministry is set to launch the National Perspective Plan (NPP) by January next year, aimed at comprehensive and integrated development of coastline.
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Land acquisition and MOEF clearances have held up projects
Roads and highways sector has observed a significant growth over the past few years compared to the other heavy civil engineering sectors such as power and water. The growth has come, especially in the EPC mode of the business, whereas PPP and annuity based projects have also witnessed a few bids.
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Govt to award 10,000 km of NH for development
The major policy initiatives of MoRTH in recent past are as follows:
Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.