Minister of State (Independent) for Statistics and Programme Implementation Srikant Kumar Jena informed Lok Sabha that the ministry monitors 569 central sector projects costing Rs 150 crore and above. He further informed that of these 569 projects, 277 are running behind schedule as on June 1, 2013. These projects are delayed because of law and order problems, delay in land acquisitions, rehabilitation and
Tag: projects
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Govt extends JNNURM term by 2 years
The Ministry of Urban Development, Government of India extended the period of JNNURM by 2 more years for completion of ongoing projects or reforms. It has further approved sanctioning of new projects upto March 31, 2014 as a transitional phase. JnNURM completed its normal tenure of 7 years on March 31, 2012
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Port projects face implementation hurdles
Owing to factors hurdles in land acquisition, environmental and other statutory clearances and financial closure, several projects in major and non-major ports are held up. According to a study conducted by Icra, there are about 30-40 greenfield non-major ports that have high promise and potential but low implementation. These proje
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Foundation stone for Rs 33 bn worth projects laid in UP
Uttar Pradesh Chief Minister Akhilesh Yadav laid foundation stone for infrastructural projects worth over Rs 3,300 crore. These include Rs 2,200 crore roads and bridges projects, besides power transmission and distribution projects worth over Rs 1,100 crore. Speaking to reporters after laying foundation, Yadav promised that his government would go full throttle in
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Karnataka ranks 3rd in port projects under bidding
Karnataka ranks 3rd in value terms for projects under bidding in the ports industry in the public private partnership (PPP) sector as of 30 April, 2013, according to a study titled 'Port Developments in India' by Assocham, a trade body. Gujarat and Kerala occupies first and second place, the study sai. A statement from Assocham said that With 3 projects worth over Rs 3,200 crore, Karnataka ranks 3rd with share of about 40% in value terms for the projects under bidding. However, there are no port
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AP govt takes steps to boost oil and gas sector
Andhra Pradesh government has taken a series of initiatives to promote oil and gas projects in the state. For example, the state government is keen to expedite an LNG re-gassification terminal project – a floating one with a capacity of 3.5 mn tpa in Kakinada, which is to be upgraded to 5 mn tpa. AP Gas Distribution Corporation Limited (a joint venture of Gail Gas and AP Gas Infrastructure Corporation) and
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NHAI circulates qualification list of road developers
Larsen and Toubro Infrastructure Development Projects, Leighton Welspun Contractors, Uniquest Infra Ventures, Reliance Infrastructure, have emerged as developers who can bid for largest national highway projects. The National Highways Authority of India (NHAI) has recently circulated the annual qualification list for 2013 for 61 bidders, including five for which the results were withheld primarily for some
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Rail projects in Karnataka get additional Rs 6 bn funds
In 2013-14, the central government would spend an additional Rs 300 crore on railway projects in Karnataka, while the state government would contribute an equivalent amount for these projects. Thus, a total of Rs 600 crore would be spent on rail projects in the state during the current financial year over and above what was budgeted. The Union Railway budget 2013-14 allocated Rs 900 crore for rail projects in the state. Including electrification and doubling of tracks, it would top Rs 1200 Rs 1
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Govt may adopt SPV model for proposed port projects
According to some media reports, central government plans to develop two major ports, one each in Andhra Pradesh and West Bengal, through special purpose vehicle (SPV)-based model. The central government may contribute Rs 5,000 crore as equity for the two projects. Reports indicate that the central government may contribute 74 percent of the total project cost, while the respective state gove
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Two PPP port projects under construction in Kerala
Kerala is constructing two port projects worth over Rs 6,200 crore under the public private partnership (PPP) route. The state government completed one port project worth over Rs 700 crore under PPP and it has been put to service delivery, a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham) show