India and Japan have decided to enhance the earlier bilateral currency swap arranÂgement to $15 billion from the current $3 billion. A joint staÂtement, issued after official level talks between the Prime Minister, Dr Manmohan Singh, and his Japanese counterpart Yoshihiko Noda expressed the hope that this enhancement will further strengthen financial cooperation.
Tag: infrastructure
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Railways keen on PPP model for infrastructure
Railways is seeking the coÂoperation of the private sector for developing rail infrastructure in the country. For this purpÂose, Railways has framed pubÂlic-priÂvate participation (PPP) inveÂstment models for its exiÂsting as well as new projects. It has also drafted policy for priÂvate participation in rail connÂectiÂvity and capacity augÂmenÂtation projects.
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Rs 19,000 cr for J&K rail line
The Cabinet Committee on Infrastructure approved additional Rs19,000 crore towards completion of the Jammu-Baramulla rail link project In Jammu & Kashmir. The links between Jammu-Udhampur and Qazigund-Baramulla are operational while Udhampur-Katra is to be started in the near future.
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Mobile tower roll-out slow
The pace of roll-out of cellular towers has declined significantly to just 8,000 a year compared with 14,000 in the previous financial year. According to data available with the Department of Telecom, over 40,000 new towers were added in 2009-10. While there were 3.47 lakh towers on March 2011, this is expected to move up to 3.55 lakh by the end of the current year, a growth of only 2.3 percent.In comparison, the year-on-year growth rate in 2008 was over 60 percent.
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Local self-government vital in maintenance
NABARD’s RIDF has disbursed Rs 1 lakh crore towards rural infrasÂtrucÂture including roads, but as CK Gopalakrishna, the bank’s Chief GeneÂral ManÂager & Chief Vigilance Officer, tells Janaki Krishnamoorthi, underperÂforÂmance of the assets is a worry.Government of India anÂnouÂnced in 1995-96 the scheme for setting up a fund to be operationalised by NABARD.
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Maintenance incentive & community involvement will be checks and balances
Uttar Pradesh, one of the four states that enjoyed a slice of the World Bank aid totalling nearly $1.9 billion, has built 39,568 km of rural roads since the inception of PMGSY. Sanjeev Kumar, Commissioner, Rural Development, tells Shashidhar Nanjundaiah why there is a need for community monitoring systems.
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Four mega infrastructure projects in Kerala
The State Government has taken up on itself the challenge of pushing four major projects simultaneously on the infrastructure front, according to the Chief Minister, Oommen Chandy.
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GVK bags MP road project
Infrastructure major GVK Power & Infrastructure (GVK PIL) has recently been awarded the 332-km Shivpuri-Dewas mega road project in Madhya Pradesh by the National Highways Authority of India (NHAI).
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There will be visible improvement in port connectivity in 3-4 years
In his interview with Sudheer Vathiyath and Shashidhar Nanjundaiah, K Mohandas, Secretary, Union Ministry of Shipping, highlights some of the initiatives from the government in port connectivity, including ro-ro services, inland waterways on PPP, and more.
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Do security issues warrant a new policy?
In an era of greater private participation in infrastructure, the liberalisation of airport infra has been the most guarded so far. The example in the limelight is the new Ground Handling Policy this year, which limits competition to only three options among vendors.