India and Japan have signed memorandum of understanding (MoU) to undertake a joint feasibility study of high speed railway system on the Mumbai-Ahmedabad route.
FlashNews:
MGL and Fourth Partner Energy Ink MoU for Clean Energy Push
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The New Power Corridor
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REC Posts Record ₹162.8 Billion Profit, Declares Highest Dividend
JNPT freezes payment to Royal Boskalis
IndiaÂ’s largest container port near Mumbai Jawaharlal Nehru Port Trust (JNPT) has decided to freeze part of the total payment to Royal Boskalis, a Dutch dredging company after it was allegedly found flouting rules regarding the age of dredging vessels.
BMC to invite tenders for Rs 1,002 cr road works
To give a face-lift to Mumbai streets by the end of next November, the Brihanmumbai Municipal Corporation (BMC) plans to issue tenders worth Rs 1,002 crore. BMC said that as As part of the plan, it will carry out asphalt works worth Rs 240 crore covering 68 roads in the island city and 43 in eastern suburbs.
Pipavav Port gets Rs 38 mn dividend from PPP project
Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL) on October 23 at Mumbai. The dividend is a historic first for Indian Railway's flagship infrastructure company under Public Private Partnership (PPP).
BMC imposes Rs 2 cr fine on road contractors
A fine of Rs 2.29 crore has been imposed by the Brihanmumbai Municipal Corporation (BMC) on road contractors who have failed to carry out pothole repairs on time in Mumbai city and have not maintained the standard quality of roads.
Work on Mumbai’s Kherwadi flyover to take 18 months
In Mumbai, construction work on the much needed Kherwadi flyover on Western Express Highway (WEH) is all set to begin, the Mumbai Metropolitan Region Development Authority (MMRDA) has announced. The construction on the flyover is to take at least 18 months.
Workers’ stir hits Nhava Sheva port operations
Due to wage disagreements between workers and the management at Nhava Sheva International Container Terminal (NSICT) shipping operations at Nhava Sheva port near Mumbai were badly hit on October 22. This comes at a time when the government is trying to push exports to address the problem of an expanding current account deficit.
Mumbai civic body’s waste expenditure on road repairs
A recent audit of the Comptroller of Auditor General in Mumbai has revealed that the Mumbai civic body BMC wasted Rs 8.44 crore of taxpayers' money by hiring a contractor to repair a stretch of SV Road that could have been done for free. The company that originally constructed the 2.5-km stretch in Borivali in 2007 was bound by the contract to fix road defects for no extra cost till December 2012.
Five bidders vie for JNPTs liquid terminal
For constructing Rs 1,800-crore liquid terminal for the Jawaharlal Nehru Port Trust (JNPT) in Mumbai, five companies, including Adani Ports and United Liner Agencies (ULA), have shown interest. Apart from ULA and Adani, Aegis Logistics, IMC and Netherlands's Vopak are expected to submit their applications on October 21, which is the deadline, the JNPT has said.
UltraTech to construct terminal at Mumbai Port
To cut expenditure on logistics, UltraTech Cement is set to build a Rs 100-crore terminal at the Mumbai Port to transport cement from its plants in Gujarat into Mumbai. By doing so, the Aditya Birla Group's company wants to cut logistics costs and go deeper into one of the largest cement markets in India.

