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
Tag: project
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World Bank sign $216 mn loan pact for Kerala projects
World Bank signed a $216 million loan agreement with the Government of India and the Government of Kerala for the second Kerala State Transport Project. The loan agreement was signed by Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank
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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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SAIL to complete Rs 38 bn project by FY15
By 2014-15, state-run steel maker plans to complete its proposed Rs 3,800 crore environment protection-related projects at its iron ore mines, media reports indicate. The projects, which is part of the over Rs 10,000-crore modernisation and expansion programme, includes improvement in ore processing for zero discharge, minimising generation of tailings, reduction in use of water and land
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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
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Plan panel to decide on Rs 42.6 bn rail project
The Planning Commission would decide on whether whether to clear the Rs 4266.88 crore railway line project between Karnataka and Kerala. Of the estimated cost Rs 4266.88 crore, the cost of laying 72-km railway line between Nanjangud and Sulthan Bathery is estimated at Rs 764 crore. The Nilgiris-Wayanad National Highway and Railway Action Committee (NWNHRAC) has updated the earlier survey on the 236-km rail line project and has sent the repo
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Gujarat govt sets up SPV to implement Rs 50 bn project
The Gujarat government set up a special purpose vehicle with an initial authorized capital of Rs 200 crore to implement a dedicated regional rail system project. State-run RITES is learnt to have submitted to the Gujarat government, the final feasibility report for the project, which is expected to cost Rs 5,000 crore at the current price. Initially, the estimated cost of the project was Rs 2,500 crore in
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Consultants invited for Rs 231 bn metro rail project
In order to conduct a detailed study on the Rs 23,136-crore Colaba-Bandra-Seepz Metro line-III project, the Mumbai Metro Rail Corporation is in the process of roping in a consultant. The prospective consultant would study the project in various angle including the environmental issues and submit the report to the state government, agency reports indicate
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DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
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RITES to prepare reports for metro rail project
State-run consultancy firm RITES will submit the feasibility report for the proposed 30-km Patna Metro rail project by September, 2013 and the detailed project report (DPR) by December, 2013. In its scope of works, the consultant will be required to identity the mass transit corridors on the basis of detailed traffic demand assessment study, topographic survey, soil survey at 500 meters interval on the proposed stretch among other measures, they