The Union Budget 2013-14 has outlined several initiatives to boost investment in infrastructure and industry, that inter-alia include encouraging Infrastructure Debt Funds, credit enhancement to infrastructure companies, raising the corpus of Rural Infrastructure Development Fund, introduction of investment allowance for new high value investments etc. Minister of State for Finance, Namo Narain Meena informed this in the Lok Sabha recently
Tag: project
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Chhattisgarh govt, AAI to sign pact for airport project
Media reports indicate that the Chhattisgarh state government and the Airport Authority of India (AAI) may sign an agreement for setting up a full-fledged airport at Raigarh at a cost of Rs 260 crore. AAI is expected to develop the proposed airport in two phases, with Rs 158 crore being spent on the first phase. The authority expects to complete the project in thre
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AP govt to add 4 gw generation capacity to meet demand
By the end of the financial year 2013-14, the Andhra Pradesh government aims to add at least 4,000 mw of power production capacity in order to meet the shortage of electricity. The state government's power generation firm AP Genco is said to be in the advanced stage of commissioning at least three projects, including two units
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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Ahluwalia bats for govt penalty if approval delayed
Planning Commission Deputy Chairman Montek Singh Ahluwalia proposed that the government must pay penalty in case of delay in granting statutory clearances to infrastructure projects. This will create an incentive not to delay clearance, he said while addressing a Ficci conference. Several infrastructure projects in the country are delayed because of lack of statutory clearances like envir
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DMRC creates 1,516 m tunnel for metro phase III
A 1,516 metre-long tunnel was excavated between Mandi House and Janpath metro station in Delhi by the Delhi Metro Rail Corporation (DMRC) within 182 working days. The tunnel work is part of the Phase-III metro rail project in the capital city and the tunnel has an internal diameter of 5.8 metre
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HPCL board clears JV plan for Rs 373 bn project
The board of Hindustan Petroleum Corp (HPCL) cleared a plan to set up a joint venture company with the Rajasthan government to set up a 9 million tonne (mn t) a year refinery in the next four years. The joint venture, in which HPCL will hold 74 percent stake and the Rajasthan government 26 percent, will implement the project at an investment of Rs 37,320 crore. The project involves setting up of an oil refinery and
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Official calls for firms to take over completed infra projects
Union Economic Affairs Secretary Arvind Mayaram asked private firms to set up facility management companies in order to take over completed infrastructure projects. Speaking at a conference organised by Ficci, the secretary said the facility management companies must take over the operation and maintenance of completed proje