By bringing logistics at par with roads in term of its status, the government has provided the necessary platform for development. It remains to be seen if the private sector bites the bullet and participates in the development of a logistical backbone
The government has been working on ways to attract more investments into transport and logistics as part of efforts to bolster infrastructure development in the country. Amending the existing framework, a notification issued by the Department of Economic Affairs (DEA) has widened the category of infrastructure sub-sectors to "transport and logistics" from the earlier sub-head of "transport".
Highways will be graded for safety, ease of driving and maintenance; toll plazas will be graded on the basis of revenue collection and driver’s experience at the plaza; and highway developers will be graded for timeliness and quality of construction
According to the plan, a total of Rs 15,000 crore will be invested in the first phase which is expected to create more than 1.5 lakh jobs.
Phase I is expected to be completed within 14 months against a deadline of 30 months
A release from JIPMER said the Union Health Ministry had approved the proposal of the Standing Finance Committee of the premier medical colleges and earmarked the amount to enable JIPMER to construct the academic wing, residential campus and also hostels for students pursuing the medical course in Karaikal.
The growth in output compares with a downwardly revised 4.4 percent year-on-year growth in August.
Stating the new ‘plan’ of NHAI, the chairman said that the organisation is in process of inviting tenders for another 6,000 km by the end of this year
VGF is one-time grant to public-private-partnerships (PPPs) in the infrastructure sector to fill the funding gap for making projects commercially viable.
Railways is also looking to unlock some of its prime residential properties for redevelopment across the country. The move could bring an additional revenue of Rs 20,000-25,000 crore.
The total original cost of implementing 1,257 projects was Rs 15,76,903.56 crore and their anticipated completion cost is likely to be Rs 17,49,274.62 crore, cost overrun of Rs 1,72,371.06 crore (10.93 per cent of the original), the ministry's flash report for July this year has stated.
LG, MPs and Mayors of Delhi to meet every month to discuss matters relating to urban infrastructure development.
The report also proposed that the definition of public transport should cover the entire door-to-door travel span of the user involving third-party infrastructure.
Disruptions arising from Demonetisation and GST (Goods and Services Tax) have further delayed the capex or capital expenditure by companies till FY20, according to a report by India Ratings and Research.
In an exclusive conversation with Moneycontrol, officials at a World Bank arm talked about how India’s infrastructure has gained strength over the years, how to pump in more investments and why the multilateral agency continues to be bullish on Indian economy
According to ICRA, the airports infrastructure sector in India is increasingly getting constrained by the strong growth in traffic since FY2014.
As DMRC prepares to hike fares for the first time since 2009, here's a look at how costly are India's metro systems.
Prime Minister Narendra Modi had laid the foundation of the Expressway in December 2015, the deadline for which was 400 days
Rs 18,000 crore expressway, which was first proposed in December 2013 under the UPA government, may not become operational before 2019
This comes a day after Union Transport Minister Nitin Gadkari pulled up banks for delaying financing towards the roads sector despite several clearances and faster movement of the projects.
The new Metro policy underlines the growing need of public transport while safeguarding the private investors by keeping the window open for various routes through which investments can be made
The Union minister for road transport said the government was keen to build projects in the EPC (engineering, procurement and construction) mode.
This scale of investments was not provided for urban development in the past, the union minister said.
NBCC awarded the redevelopment of Pragati Maidan's ITPO complex into an integrated exhibition-cum convention centre to Shapoorji Pallonji and Co Ltd with completion period of two years.
Infrastructure major GVK group has bagged the financial bid to build and operate second international airport in the Mumbai metropolitan region at an investment of Rs 16,000 crore.