Railways has clarified that any investment through FDI would be limited in scope and only cover aspects like laying of tracks for last mile connectivity. However, FDI would not be allowed in train operations, safety, etc, According to sources from Railways. Currently, PPP is allowed in port connectivity. According to ministry officials, the FDI plan has already been submitted to DIPP, which is expected to ready a cabinet proposal in that regard early next year.
Tag: India
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jaipur Metro phase-I(B) to be reviewed
Chief Secretary Rajiv Mehrishi will review the Jaipur Metro Phase-I(B) project. The underground project is proposed from Chandpole to Badi Chaupar. The Chief Secretary was appointed to review the project, after the Jaipur Metro Rail Corporation (JMRC) gave a presentation of the proposed Jaipur metro phases.
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SCR to build 17 bridges
The South Central Railway (SCR) plans to complete construction of 17 road overbridges (RoBs) or underbridges (RuBs) during the current financial year. The decision was taken at a review meeting held by SCR General Manager PK Srivastava with officials of the construction department. Srivastava reviewed current status of sanctioned projects, their progress during the current financial year and the action plan for work targets, according to an SCR press release.
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Telecom prospects brighten
Telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore received in 2013. While government is hopeful of announcing mergers and acquisitions guidelines in January and a new policy on machine-to-machine communications in first quarter of 2014, in 2013 it was able to implement new licensing regime of Unified Licences, open up telecom sector for foreign investment by raising FDI limit to 100 per cent from 74 per cent.
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Telecom prospects brighten
Telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore received in 2013. While government is hopeful of announcing mergers and acquisitions guidelines in January and a new policy on machine-to-machine communications in first quarter of 2014, in 2013 it was able to implement new licensing regime of Unified Licences, open up telecom sector for foreign investment by raising FDI limit to 100 per cent from 74 per cent.
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MoU signed for mega road project
A Memorandum of Understanding (MoU) has been signed between the Rajasthan state government and the World Bank for road projects that connect 1,056 identified villages with an assistance of Rs 1,200 crore from the World Bank. The state PWD Minister Yunus Khan said notice inviting tenders would be issued soon and work would begin in the next 60 days.
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UP expects Rs.42,000 cr investment Under the proposed
Eastern Dedicated Freight Corridor (EDFC), the Uttar Pradesh government is expecting Rs 42,000 crore investment into the state. In the state, almost 57 per cent of the EDFC measuring 1,049 km would traverse across 18 districts, bringing a lot of industrial benefits for the state. The government said that the proposed alignment of 1,840 km EDFC, starting from Punjab, traverses UP via Khurja and ends at Dankuni in West Bengal.
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Nod to six-laning of Vadodara-Surat stretch of NH-8
The Union Cabinet Committee on Economic Affairs has given its approval for six-laning of the Vadodra-Surat section of NH-8 including construction of a new four-lane extra dosed bridge across the Narmada River and two eight-lane flyovers in Gujarat under the NHDP Phase V.
The cost is estimated to be Rs 503.16 crore including Rs 17 crore as the cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
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Govt strives to prevent delays in power projects
The Union Government is closely monitoring the power projects under construction to avoid delays, said the Union Minister of State (I/C) of Power Jyotiraditya Scindia. Central Electricity Authority (CEA) is performing the duties of monitoring of the power projects in pursuance of 73 (f) of Electricity Act, 2003. In addition, a Power Project Monitoring Panel (PPMP) has been set up by the Ministry of Power to independently follow up and monitor the progress of the hydro/thermal projects and regula
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Govt strives to prevent delays in power projects
The Union Government is closely monitoring the power projects under construction to avoid delays, said the Union Minister of State (I/C) of Power Jyotiraditya Scindia. Central Electricity Authority (CEA) is performing the duties of monitoring of the power projects in pursuance of 73 (f) of Electricity Act, 2003. In addition, a Power Project Monitoring Panel (PPMP) has been set up by the Ministry of Power to independently follow up and monitor the progress of the hydro/thermal projects and regula