Running out of patience for their ¨lack of commitment and lackadaisical approach¨, the government has warned non-serious developers and bankers of terminating highway
Tag: Vijay Chhibber
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Govt to award 10,000 km of NH for development
The major policy initiatives of MoRTH in recent past are as follows:
Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.
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Ministry may set up new transport dept
The union ministry of road transport and highways is considering the creation of a separate transport department, Secretary Vijay Chhibber said.
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“We are likely to exceed 5000 km of road length awarded by December 31, 2014”
Vijay Chhibber, Secretary, Ministry of Road Transport and Highways shares his views on the status of pending projects, the financing of projects and the much talked about Road Safety and Transportation Bill
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Infra investment to bear fruit in 5 to 6 months
The Planning Commission member (infrastructure) BK Chaturvedi said that investment in infrastructure would rebound in the next 5-6 months. He said these factors will help push infrastructure projects, something which is high on the plan panel's agenda.
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Stalling of Chennai port road project will impact TN: official
In Tamil Nadu, the Rs 1,815-crore Chennai Port-Maduravoyal elevated link road was conceived for speedy evacuation of containers from Maduravoyal and now it has been stalled by the State Public Works Department stating there was a deviation in the alignment from the approved project. Stopping of the project will have a very big impact on Tamil Nadu and the countryÂ’s economy, cautioned Vijay Chhibber, Secretary, Union Ministry of Road Transport and Highways.
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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.