Minister of State for Road Transport and Highways Pon Radhakrishnan has informed the Lok Sabha that to decongest traffic in Delhi, a ‘Peripheral’ Expressway in two parts was under implementation.
Tag: Pon. Radhakrishnan
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Maritime sector poised for major growth
The maritime sector in the country is poised for major growth as the Centre has initiated steps towards this direction, said Union Minister of State for Shipping Pon Radhakrishnan. He was inaugurating a building at the Indian Maritime University´s Kochi campus.
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Major ports adopt solar technology
The drive for the deployment of solar energy in India has gained further momentum as the Ministry of Shipping has recently announced that it is planning to install 82.64 MW of utility-scale solar power plants at the country´s 12 major ports.
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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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Funds raised by NHAI
The government has permitted borrowing of Rs.59.279 crore by NHAI during 2016-17 as IEBR. NHAI plans to raise Rs.5,000 crore through capital gains bonds and `50,000 crore through taxable bonds or other similar instruments
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Govt plans 4 new major port projects
The government is planning four new major ports at Tamil Nadu, Maharashtra, West Bengal and Andhra Pradesh at an investment of Rs.32,000 crore under the PPP model.
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Awarding of road projects
A new mode of delivery under public-private partnership (PPP) mode, namely Hybrid Annuity Model, is being considered for awarding road projects for implementation, Pon Radhakrishnan, Minister of State for Road Transport & Highways, said.
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NHAI to issue tax free infrastructure bonds
Government has allowed National Highways Authority of India (NHAI) to issue Tax Free Infrastructure Bonds aggregating to Rs 24,000 crore and Capital Gain Tax Exemption Bonds aggregating to Rs 4,000 crore in the financial year 2015-16.
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Shipbuilding sector wants infra status
The Government has received several critical suggestions from different stakeholders to promote the local shipbuilding industry, which includes grant of infrastructure status, financial assistance and tax sops, Parliament was informed.
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Seeking Stable Ground
From 3 km per day to 30 km per day from 2016 looks to be a tall order for the road construction in the country. While the current numbers still present a slow pace of development, the government is hopeful to make amends soon.