Infrastructure
Every year in Tamil Nadu just 20% of the 2.5 lakh engineering graduates passing out of colleges are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers’ Association of India (CREDAI), on Tuesday. He also said that with institutions like Anna University, SRM and VIT universities CREDAI is trying to sign a memorandum [...] Continue Reading »
A nine member inter- departmental high powered project monitoring committee has been constituted by the state IT (information technology) department in a bid to expedite the completion of Info-valley project. Spread over 600 acres of land, the Info-Valley, the second IT Park in the city, has the development on slow lane, is. On the outskirts [...] Continue Reading »
Today a loan agreement has been signed with the Government of India by the Japan International Cooperation Agency (JICA) to provide 1,40,000 million Japanese Yen of Japanese Official Development Assistance (ODA) for constructing the phase 3 of Delhi Metro under the Delhi Mass Rapid Transport System Project Phase 3 (II). This loan is successive to [...] Continue Reading »
As the Airport Economic Regulatory Authority (AERA) is yet to complete the process for determining tariffs for the second control period starting April 1, 2014 and ending on March 31, 2019, Airport charges and user development fees at Delhi and Mumbai will remain unchanged till May 31. Delhi International Airport had submitted its proposal on [...] Continue Reading »
Mr. P S Kharola, BMRCL Managing Director, says that Metro phase 1 deadlines have not shared good relation in the past but the dead line of this project is extended by 2015. He also added that the metro phase 1 which is 42.3 Km long will be completely operational by 2015 and BMRCL is expecting [...] Continue Reading »
Over recent years, National Highways Authority of India (NHAI) is not ready to accommodate an increase in project costs due to which road developers are in a fix. Since a number of projects have seen a 30 per cent rise in costs such as rise in bitumen, diesel and labour expenses, besides interest rates, developers [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
Investments are pouring in Visakhapatnam reason being it is in the race to be the capital of Andhra Pradesh. APIIC has received many applications, with majority of them being pharmaceutical companies, which signifies that it has emerged as one of the most potential business destinations. In Visakhapatnam as per AP Industrial Infrastructure Corporation (APIIC),in just [...] Continue Reading »
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »
A source says that RDSO is likely to issue ‘speed certificate’ to Mumbai Metro. The RDSO concluded that this will provide the path for the operator Reliance Infra obtaining safety certificate. A source added that the process of issuing the certificate for the Mumbai Metro is almost completed. The trial report is nearly ready and [...] Continue Reading »
