When Srini Kris left India at the age of 22 to pursue an engineering career in the US, he always hoped one day to return. Little did he know that running the Indian operations of URS, one of the world's leading engineering, construction and techniĆĀ”cal services companies
Tag: infrastructure projects
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Cabinet for large project approvals
Union cabinet may consider approval for several largeĆĀ”-sized infrastructure projects, costing at least Rs 1,000 crore, to ensure expeditious clearances. Union finance ministry is learnt to have sought specific comments from the concerned ministries on pending approvals.
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Rs 1,000 cr mega projects are facing delays: Report
According to a report of the Union Ministry of Statistics and Programme Implementation 46.8 per cent (97) of 207 projects classified as mega infrastructure projects costing more than Rs 1,000 crore are facing delays. The data also stated that till May the delayed projects saw a cost overrun of 11.8 per cent from the originally sanctioned Rs 6.99 lakh crore to Rs 7.81 lakh.
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Govt clears Rs 1 lakh cr infra projects
The Union government on August 26 cleared Rs 1 lakh crore infrastructure projects which include projects under shipping and ports sector. The Prime Minister Manmohan Singh headed Cabinet Committee on Investment (CCI) has also asked the departments concerned to remove the bottlenecks for the projects within a month.
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What lies beneath…
Indian tunnelling has gained sufficient experience in tunnelling, and as new infrastructure projects in rail, metro rail, water and hydro electric projects promise momentum underground, technology and management will be critical,
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Steering Group finalises deadline
A meeting of the Steering Group appointed by the Prime Minister to accelerate infrastructure investment in its first meeting has finalised deadlines with time lines for the intermediate steps for key infrastructure projects.
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Infra projects in North East
Planning Commission was directed to convene a meeting of all the chief ministers of the north-eastern states to expedite key infrastructure projects. The meeting is intended to improve inter-state coordination for speedy completion of the projects.
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Obama vows to pace up shipping & transit projects
US President Barack Obama has vowed on July 25 to use his executive powers to bypass bottlenecks in Congress and accelerate infrastructure projects to bolster growth and add jobs. Speaking inside a cruise ship terminal at Jaxport, a major passenger and cargo port on the East Coast, Obama hailed two major projects that would accommodate increasing global trade and speed the delivery of goods that arrive on huge ships and depart by train for destinations across the United States.
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Ports, not TAMP, will be in charge of setting their own tariffs
Regulatory and clearance delays may be necessary evils in infrastructure projects, especially those under PPP. But as N Muruganandam, Joint Secretary, Union Ministry of Shipping, elaborates, the government's ambitious plans of port infrastructure development
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Ports should set their own tariffs, not TAMP
Regulatory and clearance delays may be necessary evils in infrastructure projects, especially those under PPP. But as N Muruganandam, Joint Secretary, Union Ministry of Shipping, elaborates the government's ambitious plans of port infrastructure development in the coming years may also be accompanied by some ironing out of those issues.