The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects.
Tag: investment
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Bihar to execute key construction work in FY14
The building construction department (BCD) of the Bihar government, which has a plan size of over Rs 78 crore for 2013-14, is set to develop key construction works including Bihar Museum, International Convention Centre and MLA or MLC flats etc. The department will also implement the expansion of secretariat, police headquarters building and employment exchange among others
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JICA wants govt to clear key projects
Media reports indicate that the Japan International Cooperation Agency (JICA) asked union Finance Minister P Chidambaram to arrange a Cabinet meeting and other processes to clear loan proposal for four key projects. Akihiko Tanaka, President of JICA is learnt to have said this to the finance minister during a recent meeting. The four projects referred to are the Mumbai Metro Line-3 project, widening of highways in Bihar to four lanes, a $137-million investment promotion programme in Tamil Nadu a
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NHPC cautious of clearing cost escalation in projects
Media reports indicate that the National Hydroelectric Power Corporation (NHPC) has been cautious of clearing cost escalation for various hydel projects anticipating adverse comments from the comptroller and auditor general (CAG) of India. NHPC officials are dragging their feet in clearing cost escalations, which is a common trend in hydropower projects, fearing CAG
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Ministry aims to award 30 port projects
During 2013-14, union shipping ministry plans to award 30 port projects worth around Rs 25,000 crore investment. Union Shipping Minister GK Vasan informed media persons that these projects would bring in an additional capacity of 288 million tonne per annum at an estimated investment of Rs 24,633 crore
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HDPEL to rope in a firm to revitalize business
Hooghly Dock & Port Engineers (HDPEL), situated at Kolkata, is one of the oldest shipyards in India, which is in the business of ship building and shop repairs.
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Maharashtra ranks 3rd in port projects under PPP
As on April 30, 2013, a total of five completed port projects worth over Rs 3,700 crore have been put to service delivery under the PPP model in in Maharashtra, a report by Assocham shows. The report, titled Port Developments in India shows that the state ranks second in under-construction and under-bidding port projects under public-private partnership (PPP), with a share of 15 per cent and 37 per cent, respec
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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RINL to invest Rs 25 bn on iron ore project
State-run steel maker RINL plans to set up an iron ore beneficiation plant and a 2 million tonne pellet plant in Bhilwara, Rajasthan at a cost of Rs 2,500 crore. Through the proposed beneficiation plant, the company would make value addition of the iron ore mined from the block awarded to it by the Rajasthan government recently at Bhilwara. The value added output would be used at RINL's Vizag steel plant