Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs 10,596.19 crore at Ropar, Samrala and Jalandhar in the state.
Tag: road transport
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Volatile fuel prices will reduce reliance on conventional fuels
Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has announced big investments in IndiaĂ´s ports and roads sector. These investments are the first step in economic growth, as well-laid infrastructure is a crucial need for improving the efficiency of cargo flow.
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Vishakhapatnam Port poised for major expansion drive
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Country Roads, City Roads, and the Roads in between
Many of us know that the celebrated economist John Maynard Keynes famously said that (in times of slowdown) the government should pay people to dig holes in the ground and then fill them up
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Govt to open automobile clusters near ports
Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
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Vishakhapatnam Port poised for expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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Highways Min eyes Ă´masalaĂ´ bonds to fund road projects
The Road Transport and Highways Ministry and its road building arm, NHAI, are weighing the option of raising money through Ă´masala bondsĂ´ as road construction activity gathers pace.
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Funds raised by NHAI
The government has permitted borrowing of Rs.59.279 crore by NHAI during 2016-17 as IEBR. NHAI plans to raise Rs.5,000 crore through capital gains bonds and `50,000 crore through taxable bonds or other similar instruments
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Private participation likely in modernisation of state-run ports
Drawing from the experience of the aviation and highways sectors, the Shipping Ministry is looking at modernising state-run sea ports with private sector support as a first step.