Infrastructure
The government is taking a move that could open up funds flow into the financially stressed sector by proposing relaxation of norms for foreign investment in construction. 100 per cent foreign direct investment is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions, under current rules. A company owned and controlled by an [...] Continue Reading »
Even though city’s green cover is falling short of the mandatory 20% as per the Master Plan 2025, the Jaipur Development Authority (JDA) have not taken any step to contain or improve the situation. Currently, the city has only 11.3% of its area under green cover. The alarming situation, however, has not given any tension [...] Continue Reading »
Coimbatore Master Plan is expected to be delayed by another two months. Geographical Information System (GIS) is not expected to be completed by the February 28 deadline. GIS helps to determine the existing land use patterns. The existing land use patterns in the district are being mapped by an eighteen member team of volunteers from [...] Continue Reading »
The Government of India has signed a $125 million loan agreement with Asian Development Bank (ADB). The amount would be utilized for upgrading of roads in North Eastern states.’ The North Eastern States Roads Investment Program’, as it is known, is designed to reconstruct roads in the North Eastern states of Assam, Manipur, Mizoram, Tripura, Meghalaya, and Sikkim, thereby cutting [...] Continue Reading »
Jaipur Development Authority (JDA) plans to launch a mega housing scheme project soon near the Ajmer road. The plan is to develop houses on around 250 bigha land and will have 1,510 plots. The layout plan of the housing project has been approved in the project works committee meet on Tuesday. It is titled Anand [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
The deadline for Delhi metro Phase III is March 2016. According to Delhi Metro, around 25% of the work is complete, including two new corridors and extensions to some existing ones, crucial land acquisition, clearances and setting up of work infrastructure. Mukundpur to Shiv Vihar and Janakpuri (West) to Botanical Garden will connect west with [...] Continue Reading »
Chief Minister, Hemant Soren inaugurated Jharkhand’s first six lane highway Jharkhand got its maiden six-lane expressway on Tuesday as chief minister Hemant Soren formally inaugurated four phases of the much-delayed Ranchi Ring Road at a traditional ceremony in Rampur, 20km from the capital. The 36.192km arterial stretch connects Rampur on NH-33 to Kathitand on NH-75. [...] Continue Reading »
With all stake holders IDFC, NHAI and DS Constructions arriving at a settlement to remove toll plazas on Delhi-Gurgaon Expressway, the HC likely to grant its consent today. Delhi High Court has been told by the stakeholders in the Delhi-Gurgaon Expressway project that a settlement between the IDFC-led consortium, National Highways Authority of India (NHAI) [...] Continue Reading »
Metro project in Gujarat continues to face delays. Initial discussions were started in the year 2005. While the state government has approved the project, it is learnt that the detailed project report (DPR) is yet to receive centre’s approval. The project is handled by a special purpose vehicle (SPV) Metrolink Express between Gandhinagar and Ahmedabad [...] Continue Reading »
