The Tamil Nadu government is to upgrade the road infrastructure in the state at a cost of Rs 258.42 crore. The State Chief Minister J Jayalalithaa said in a statement that the road projects include road repairs in Ariyalur and Perambalur districts at Rs 152.37 crore.
Tag: Road projects
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IL&FS gets nod for three road projects
Concession agreements have been signed with the authorities concerned for three road projects in Rajasthan, Punjab and Himachal Pradesh, IL&FS Transportation Networks has stated in a communication to the Bombay Stock Exchange (BSE). The road projects are: Kiratpur Ner Chowk section of NH 21 of 90.175 km in Punjab and Himachal Pradesh.
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Ministry wants banks to ease land norms for road projects
Banks have been asked by the union finance ministry to disburse loan to road projects developers who have acquired 80 per cent of the required land instead of the existing norm of 100 per cent.
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NHAI makes a case for premium rescheduling
For the proposal of road projects' premium rescheduling, the National Highways Authority of India (NHAI) has put up a few broad points. First, the proposal neither adversely impacts the net revenue implication for the NHAI over contract period of project,
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TN to spend Rs 82.33 cr for NH upgradation
A series of road projects have been announced by the Tamil Nadu Government on April 15, including upgradation activities. The State Highways and Minor Ports Minister Edappadi K Palaniswami told the State Assembly that Chief Minister J Jayalalithaa had directed upgradation of 81.27 km of National Highways at an estimated sum of Rs 82.33 crore.
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Haryana MP discusses about road projects with Delhi CM
To discuss a number of road projects that fall both in Haryana and Delhi states, Congress MP Deepender Singh Hooda on April 9 met Delhi Chief Minister Sheila Dixit, officials said.
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Chennai to have 45-km elevated road to ease traffic jams
To ease traffic congestion in Chennai, Tamil Nadu Chief Minister Jayalalithaa on April 1 announced a slew of road projects, including an elevated road between Taramani and Mamallapuram. The elevated road is to ease traffic congestion caused by the proliferation of IT companies, educational institutions and skyscrapers.
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HC asks Thane TMC to complete road projects
The Bombay High Court has chided the Thane Municipal Corporation (TMC)recently for not undertaking road projects approved in the city development plan. The PIL came up for hearing before a division bench of Justices Ajay Khanvikar and AP Bhangle who then directed the TMC to take up the issue with the departments concerned and resolve it within two weeks.
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Finance Min tells RBI to tag road loans as secured
The Union Finance Ministry has urged the Reserve Bank of India to consider a change in its stance that treats loans to road projects as unsecured. If the RBI sheds its reluctance to treat highway sector lending as secured loans, credit flows to the fund-starved sector could grow by at least 20 per cent-25 per cent, officials said.
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Survey favours easy exit norms for highway developers
Taking note of difficulties faced by road projects, the Economic Survey has favoured easing of exit routes for highway developers. Exit routes need to be eased so that promoters can sell equity positions after construction, passing on all benefits and responsibilities to entities that step in, says the Survey.