Proposed road projects that have not finished the acquisition of the required land for the purpose will not get loans from State Bank of India (SBI). The decision has been taken by SBI on the requisition of Central Bureau of Investigation and Chief Vigilance Commission. SBI is IndiaÂ’s biggest moneylender.
Tag: land
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Nod to licensing of land to developers of 4 major ports
The Union Cabinet has approved a proposal to license land to developers of projects at four major ports under public-private partnership (PPP) mode to strengthen the ports' capacity. It cleared one project on lease basis for setting up a cement bagging plant at Cochin Port.
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HMDA invites land owners for pooling scheme
Hyderabad Metropolitan Development Authority (HMDA) has invited expression of interest from land owners who are interested in providing their land for a pooling scheme. The authority launched land pooling scheme as a pilot project for an area of 250–300 acre near the Outer Ring Road and within one km belt on either side of the Growth Corr
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NCR RRTS project faces several challenges
Experts discuss the challenges that may arise in the implementation of the Rs 72,000 crore NCR Rapid Rail Transit System (RRTS) project. The NCR authority plans to implement the project through Public Private Partnership (PPP) mode. Experts feel that the viability of the project depends on th
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GAIL India faces delay in pipeline project
The 900 km gas pipeline project of GAIL India is facing delay because of land acquisition issue in Kerala and Tamil Nadu. It is learnt that GAIL has so far completed only 30 km of the pipeline. GAIL India is constructing a 505 km pipeline through Kerala, 310 km through Tamilnadu and 85 km through Karnataka
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NHAI drops highway projects worth Rs 4,000 cr
As the National Highways Authority of India (NHAI) could not acquire land required for road construction, it has scrapped highway projects worth Rs 4,000 crore in Goa and Kerala states. Referring the NHAI's inability to build the 4,000 crore highways, the Federation of National Highway Builders said that a new land acquisition law for public purpose has to be implemented and coordination between NHAI and State governments should be more.
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Land issues of Posco project may be resolved soon
Commerce and Industry Minister Anand Sharma expressed confidence that the issues involved in acquiring some forest land for the $12 billion steel project by South Korean steel major Posco in Odisha may be solved soon. Speaking to reporters, the minister said there have been some difficulties in acquiring certain section of land that was already either encroached or not free from encu
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ChPT seeks NHAI’s assistance in road project
Chennai Port Trust (ChPT) has reportedly approached National Highways Authority of India (NHAI) to facilitate the reclamation of a stretch of land to carry out the Ennore-Manali Road Improvement Project (EMRIP). The project has been stranded for several months because fishermen refuse to provide a portion of land which passes through Kasimedu Fishing
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Govt gives 2,000 acre land for Rs 300 bn steel project
For implementing its proposed 6-million tonne-per-annum (mn tpa) steel plant, the Karnataka government granted over 2,000 acre land to ArcelorMittal at Kuditini, Bellary district. The state government and the global steel giant entered into a memorandum of understanding (MoU) for the Rs 30,0
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Minister hopes 6% GDP growth in FY14
Finance Minister P Chidambaram expressed hope that the Indian economy may expand at 6 per cent or slightly more during 2013-14. This is higher than the 5 percent growth registered in 2012-13. Speaking to reporters, the minister also expressed hope that the Parliament would pass the real estate regulator and land acquisition bills in its monsoon session