Wednesday, September 20, 2017

Table of Contents for Ticker Tape





TICKER TAPE: INFRA

CENTRAL NOD FOR GUJARAT’S GIFT

The Rs.78,000-crore Gujarat International Finance Tech-City (GIFT) project which is being touted as India’s First Smart City has obtained a formal approval for funding from the Centre. With the central government’s sponsorship the GIFT project becomes eligible for funding from the centre and will is assured of faster clearances under various government schemes. Gujarat International Finance Tec-City Company Ltd., is a joint venture between Gujarat Urban Development Company Ltd. (GUDCL) and a private firm Infrastructure Leasing & Financial Services Ltd. (IL&FS).
 

NEW INDUSTRIAL PARKS FOR MP

Madhya Pradesh has outlined plans to set up 27 industrial parks across the state at a cost of Rs.3,000 crore. The facilities will serve sectors like food processing, textiles, information technology and tourism it is reported the State Chief Minister Shivraj Singh Chauhan said. The project is to be implemented in phases over a period of five years.

 

AP CLEARS Rs.9200 CR PROJECTS

Authorities in Andhra Pradesh have given their clearance to project worth Rs.9200 crore. The proposals relate to three cement plants and concessions to the Hero MotoCorp Project approved by the State Investment Promotion Board (SIPB). The Greenfield cement plants are expected to come up are Ultratech’s units in Dachepalli in Guntur District and Petnikota of Kurnool District and the other by the Ramco Group at Kolimigundla. It is reported the total capacity of these 3 cement plants is likely to be about 12 mt. per annum and expected to generate employment for nearly 4,000 people. The SIPB has also agreed to provide a rail siding facility to the Ramco plant and water supply facility to the Ultratech cement facilities.

 

BMRCL PHASE I COMPLETED DELAYED

Authorities of the Bangalore Metro Rail Corporation Limited (BMRCL) have announced that the first phase of the Metro project will miss its deadline for completion of the project’s first phase. It is reported the 42.3 km stretch of Phase I will see completion only in 2016 not September 2015 as earlier claimed. The project implementation time has been pushed owing to problems in the underground section of the project. This has also entailed a revision of project cost from Rs.11,609 crore to Rs.13,800 crore.

 

$32.9 BN INFRA PROJECTS IN 2014

The Modi government is all set to roll out Rs.2 lakh crore worth of infrastructure projects this year. The ministry of roads is looking to build two lakh km of roads under public-private-partnership (PPP) mode which includes widening of one lakh km of highways. The money is expected to come from securitisation of toll revenue crore besides raising funds through infrastructure bonds. Other reforms in the highways sector include launch of 350 electronic toll plazas by December and building amenities for drivers and commuters on every 50 km stretch. It is reported bids have been floated for consultancy and design of 270 such facilities.

 

Rs.6,000 CR NEEDED FOR J&K INFRA

An initial estimation of the damage caused to public infrastructure in Jammu & Kashmir during the recent rains has assessed that immediate loss to the state to be about
Rs. 5,400 crore-5,700 crore. Basic infrastructure like power, railways and communication has been thrown out of gear adversely impacting the economics. It is reported the total loss is estimated to be around Rs.2,630 crore for hotels, trade, agriculture-horticulture, roads and bridges. Meanwhile the loss to railways and the power and communication sectors in the hilly terrains is in the vicinity of Rs.2,700-3,000 crore.

 

INTEGRATED INDL CORRIDORS FOR TN

The Asian Development Bank is in the process of submitting a concept paper related to the development of three integrated industrial corridors in Tamil Nadu. It is reported the Chennai-Visakhapatnam industrial development is part of a East Coast Economic Corridor project linking Kolkata, Chennai and Tuticorin in Tamil Nadu. The other two projects which fall within the ambit of the feasibility study are the Chennai-Bangalore Industrial Corridor which is supported by the JICA and the Madurai-Tuticorin Industrial Corridor which has been approved by the State Government. Incidentally Tamil Nadu has already announced the setting up of a special purpose corridor for the Madurai Tuticorin corridor.

 

INDIA CHINA TEAM FOR HIGH SPEED RAIL

Indian Railways and the China Railway Corporation have signed a Memorandum of Understanding for a joint feasibility study for the construction of a high speed line on the Delhi-Varanasi-Patna route. The study will be completed by the China Railway Siyuan Survey and Design Group and Indian Railways' Rail Vikas Nigam Limited (RVNL) within 15 months from the start date. It is reported China Rail Eryuan Engineering Group, a subsidiary of CRC, will also help in ramping up passenger train speeds from 130km per hour to 160 km per hour. The other areas of cooperation include development of international-class stations and training in heavy-haul operations.

 




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