The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. ´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
Tag: Roads
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HPCL, GAIL sign pact with AP for Rs 40,000 crore petro project
Hindustan Petroleum Corp Ltd (HPCL) and GAIL India Ltd have signed a pact with Andhra Government for setting up a Rs 40,000 crore petrochemical plant in the state.
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Infra pulls and pushes in 2017
On paper, India´s infrastructure industry is poised for a phenomenal growth in 2017 with several trillion dollars worth of roads, highways, rail, airport and Metro projects simultaneously launched by Prime Minister Narendra Modi, a week before 2016 saw its last setting sun.
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Infra project delays cost Rs.1.47 lakh cr
Delay in regulatory approval, lack of funds and land acquisition issues are taking a toll on 115 mega infrastructure projects, which face a cost overrun of Rs 1.47 lakh crore. The projects, each worth Rs 1,000 crore or more, are part of a total 339 across sectors such as power, railway and roads, that were examined by the Statistics Ministry in August 2016.
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Shipshape Strategy
The Centre is preparing a multimodal transport hub plan to integrate roads, railways, air and water ports.
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Advancing Infrastructure
Industry experts and global thought-leaders shared best practices and defined the future of infrastructure project delivery and asset performance at the ´Year in Infrastructure 2016´ conference in London, showcased by Bentley Systems. SUMIT BANERJEE takes a look at the proceedings.
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Road construction pace set to double
Various reforms initiated by the government to ensure speedy approvals and clearances aided the pace of construction of roads, which improved 40 per cent
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INFRASTRUCTURE CONCLAVE 2016 – ACCELERATED GROWTH WITH INCLUSION AND EQUITY
Roads, Ports & Other Infrastructure Committee and Hydrocarbons Committee of PHD Chamber of Commerce & Industry organised the “Infrastructure Conclave 2016 – Accelerated Growth with Inclusion & Equity” on 5th October 2016 at PHD House, New Delhi which was attended by more than 130 delegates and 27 speakers from Industry, government and other stakeholders during the full day event.
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Road construction pace set to double by FY18 | Crisil
Various reforms initiated by the government to ensure speedy approvals and clearances aided the pace of construction of roads, which improved 40 per cent from an average 4.3 km per day in FY2014-15 to 6 km in FY2015-16 and is likely to reach 11 km by FY2018, says Crisil.
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The focus on EPC has given a fillip to road industry
The roads sector had witnessed an aggressive bidding during the financial year 2011 and 2012. Projects of over 11,000 km were awarded during these years. But the lack of proper governance affected the execution of most of these projects.