The Prime Minister Manmohan Singh at G-20 Summit at St. Petersburg called for extensive consultations within the G-20 countries to tackle the current currency crisis.
Tag: Infrastructure Today
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Coal block auction policy cleared
The Union Coal Minister Sriprakash Jaiswal said that the governm
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Bill for speedy dispute resolution
For speedy resolution of the public-private partnership (PPP) disputes, a draft bill is being prepared by the Planning Commission. The Commission will soon finalise the bill to place it before the Cabinet for approval, reports indicate.
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Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.
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Nod to projects worth Rs.1.2 lakh cr on Delhi-Mumbai corridor
Entailing an investment of Rs 1.2 lakh crore, the Delhi-Mumbai Industrial Corridor Trust has approved nine projects. Industrial townships and logistic hubs are included in the projects. The Union government, state governments and private firms would fund the projects.
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Orissa highway development
Orissa is to repair its state highways at a cost of Rs 3,000 crore in the next four years. The state government has started process for tenders for road works of 381 km in the first phase at a cost of Rs 633 crore.
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NHAI to meet banks before lending
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road projects.
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Rescue plan for defaulters
The Union Government, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties.
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IDD seeks legal opinion on contract termination
The Infrastructure Development Department (IDD) of Karnataka government would seek the opinion of the Law Department on terminating the contract given to Gulbarga Airport Development (GADL) for the greenfield airport project.
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JNPT road project approved
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union Government. The road project involves a total expenditure of Rs 1,943.37 crore.