Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.
Tag: NHAI
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GovernmentĂâs focus on road sector yields positive results: ICRA
Effective policy measures by the Government over the last 36 months have revived the Indian road sector and supporting the execution pace. According to ICRA, these include steps like awarding projects after securing 80 per cent right of way; expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, online filing for clearances to construct ROB and RUBs and increasing the limit on sand mining.
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Govt saved Rs 3 lakh crore loans to road sector turning into NPAs: Gadkari
The NDA government has managed to save Rs 3 lakh crore worth bank loans to the road sector turning into NPAs, according to the minister of road transport and highways and shipping Nitin Gadkari.
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OPERATION IN(FRA)SOLVENCY
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
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Welspun Enterprises bets big in road sector, expands its portfolio
Welspun Enterprises Ltd (WEL), a subsidiary of Welspun Group, will expand its operations in the infrastructure sector by acquiring two road projects from Delhi-based MBL Infrastructures Ltd (MBL).
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NHAI to Cushion Against Delays in Hybrid Annuity Projects
National Highways Authority of IndiaĂâs (NHAI) payment of mobilisation advances to developers will provide a fillip to the construction pace of hybrid annuity model (HAM) projects, says India Ratings and Research (Ind-Ra).
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IRB InfraĂâs SPV achieves Financial Closure for Rs 2,088 cr
Udaipur Tollway Pvt. Ltd, a Special Purpose Vehicle (SPV) of IndiaĂâs largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd, has successfully achieved financial closure for its Udaipur Ăâ Gujarat Border 6 Laning BOT project.
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We have allocated Rs.2,247 cr for Solapur Smart City Plan
We are working on many proposals which are unique in nature. Our main intention through smart city proposals is to encourage community gatherings similar to that of European nations.
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Use Technology, Build Roads Quicker
With ambitious plans for road construction, it is necessary to build a robust system to execute construction of durable roads at a quick pace. INFRASTRUCTRE TODAY, in a quest to dig out more information on road building and management, brings its readers the latest technologies on a platter.
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Dwarka Expressway Gets National Highway Status
Dwarka ExpresswayĂâs wait has finally come to an end. The National Highway Authority of India (NHAI) has issued a notification which grants the national highway status to the 28 Km long Dwarka Expressway.