Before the next Union Budget 2014-15, the Union government is considering putting in place a regulator for the road sector. The government would also review the target of awarding 8,000 km of road projects this year.
Tag: Union government
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Govt plans 4 mega solar projects at Rs 90,000 cr
The Union government has planned four ultra mega solar power projects (UMPPs) at a cost of Rs 90,000 crore in Rajasthan (4,000 mw), Gujarat (4,000 mw), Kargil (2,000 mw) and Ladakh (5,000 mw).
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Govt plans to sell stake in IOC, CIL by year-end
To raise about $2.3 billion to boost public finances, the Union government has revived plans to sell stakes in two State-owned companies-Indian Oil Corp (IOC) and the Coal India.
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Centre makes efforts to boost PPP in highways sector
The Union Road Transport and Highways Minister Oscar Fernandes has said that the Union government is continuously making efforts to boost the public-private partnership (PPP) in the highways sector.
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Govt to attract foreign firms to build roads
The Union government is to hold road shows in countries like China and Australia in the next few months to attract foreign companies to take up road construction projects in the country. Road developers in India like GMR, GVK, L&T are staying away from bidding due to fiscal constraints and land acquisition problems.
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Penalty on overloaded trucks to help h’way developers
The Union government has proposed to impose hefty penalty on overloaded vehicles on toll roads. More and more roads are coming under toll collection. However, the governmentĆās proposal to impose the penalty on overloaded trucks is likely to benefit highway developers.
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Govt sanctions Rs 8,772 cr to its oil firms
The Union government has sanctioned Rs 8,772 crore cash subsidy to State-owned fuel retailers like Indian Oil Corporation (IOC) to cover for a fourth of the revenue they lost on selling diesel and cooking fuel below cost in September quarter.
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Shift of road work from BRO to Manipur PWD opposed
A memorandum has been submitted to the Prime Minister Manmohan Singh by expressing opposition to the Union government's decision to entrust construction work of Khongshang-Tamenglong road in Manipur to the State PWD from the Border Road Organisation (BRO).
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Ports to fix market rates for their services
The Union government will allow the trusts that run the 12 ports owned by the Union government to raise rates for port services every year based on market conditions if they adhere to certain performance standards. For this, the Union Shipping Ministry is working out on a plan.
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Ports to fix market rates for services
The Union Government will allow the trusts that run the 12 ports owned by the Union Government to raise rates for port services every year based on market conditions if they adhere to certain performance standards. For this, the Union Shipping Ministry is working out on a plan. Presently, rates charged by these trusts for cargo and vessel-related services are worked out on the basis of a guideline framed in 2005.