Union Cabinet Secretary Ajit Seth informed that the government identified 12 coal mining projects with an annual coal production of 36.9 million tonne (mn t) for expeditious clearance within a month. These projects involve an investment of Rs 1,347 crore. Meanwhile, it may be noted that the Cabinet Committee on Investment (CCI) streamlined the proc
Tag: projects
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BRICS to set up development bank for infra projects
At the recently concluded BRICS summit in Durban, Brazil, Russia, India, China and South Africa decided to set up a development bank to finance infrastructure projects in these countries. But the countries have not decided the size of the proposed bank, leaving it to finance ministers to nego
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Existing terminal operators submit plea to PM
Existing private terminal operators of ports have demanded that the proposed guidelines by the shipping ministry, if approved, also cover existing terminals as tariff fixation under the 2005 guidelines has hampered their growth. The ministry earlier announced that the proposed guidelines would apply only to new Public-Private Partnership (PPP)
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Govt takes steps to expedite port projects
Union Shipping Minister GK Vasan informed the Lok Sabha that the government initiated a number of steps including standardisation of RFQ, RFP and MCA documents for public private partnership (PPP) projects in port sector. He also said that the government increased delegation of financial powers to shipping ministry to acco
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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Govt grants licence for infra debt fund
ICICI Bank, which is the largest shareholder of the first Infrastructure Debt Fund (IDF) under the non-banking finance company (NBFC) structure, received license for the fund from Finance Minister P Chidambaram. Following the receipt of the licence, commercial operations of the fund, named India Infradebt, would begin. Almost a year ago, the shareholders of the fund sign
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IPA suggests govt support to port development projects
Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p
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IPA suggests govt support to port development projects
Reports indicate that the Indian Ports Association (IPA) prepared a draft plan for providing financial assistance to port development projects undertaken by State Maritime Boards (SMBs). According to the plan, the central government would give 50 per cent funding with cap of Rs 50 crore for p