15 October 2018

Table of Contents for Ticker Tapes





Infrastructure

CABINET CLEARS 4 RAIL LINE PROJECTS

Aiming to enhance the country’s railway infrastructure, government has sanctioned four rail line projects in Odisha, Andhra Pradesh and Chhattisgarh. The projects cleared are worth around Rs.8351 crore and involve doubling of 189.278 km Kottavalasa-Koraput railway line at Rs.2977.64 crore, the 164.56 km Koraput-Singapur Road section rail line at a completion cost of Rs.2361.74 crore and the 110.22 km Jagdalpur-Koraput section railway line involving a cost of Rs.1839.02 crore. The projects likely to be fully completed in the next seven years will ease traffic and reduce freight congestion.

 

 

SECOND AIRPORT FOR DELHI NCR

Bhiwadi will soon house the second airport in Delhi NCR, following the approval of the civil aviation ministry to the development of the project. The project however will involve a waiver of the clause that bars an airport to be developed within a 150 km radius of the existing Delhi airport, which is presently operated by the GMR Infrastructure led consortium. As per the norms set by the aviation ministry GMR Infrastructure will have the right of first refusal for the Bhiwadi project. The airport will be developed by the Delhi-Mumbai Industrial Corridor authority (DMIC) after a detailed study of traffic for the Delhi airport. The existing airport is expected to reach a capacity of 100 million during 2021-2023, thereby reaching a saturation point.

 

 

JV TO DEVELOP 24 RAJASTHAN RAIL STATIONS

The Ministry of Railways plans to soon enter into a joint venture with the Rajasthan government for the development of rail infrastructure. Under the initiative, the Centre and State governments will together form a jointly owned company which will focus on developing 24 train stations as model railway stations in the state.

 

 

MAH GOVT TO DEVELOP FETRI AS MODEL VILLAGE

Maharashtra government has identified Fetri village to be developed into a model village under the Aamdar Adarsh Gram Yojana as per a recent announcement by state Chief Minister Devendra Fadnavis. The government had earlier conducted a preliminary study of the village and identified the infrastructure facilities needed to transform the region into a model village. Some of these include prevention of open defecation and commencement of water conservation works under the Jalyukt Shivar project. As a part of the initiative, the government has assigned rural development department officials to conduct house-to-house and ground level surveys in the village to understand the prevailing situation and outline possible solutions. However, special funds are yet to be sanctioned for the project.

 

 

NEW BOT ROAD PROJECTS FOR ESSEL

Essel Infraprojects will be developing two critical road projects worth Rs.4,000 crore aimed to reduce congestion and ease traffic on the roads connecting six major states with the national capital. The projects to be developed under a build-operate-transfer basis include the Mukarba Chowk Panipat Toll Road and Kundli Manesar Expressway. On completion, the two projects apart from providing improved connectivity to travelers will also help in reducing the unnecessary travel time, decongest traffic and ultimately strengthen the overall infrastructure development. Both the projects will boast of state-of-the-art facilities like guard rails, footpath, lighting, landscaping, way-side amenities, ambulance services, highway patrolling system and medical aid post.

 

 

CCEA CLEARS Rs.2,774 CR BRIDGE PROJECT

The Cabinet Committee on Economic Affairs has cleared the enhanced cost estimate for the construction of a rail-cum-road bridge over the River Ganga in Bihar. The project currently involves a total execution cost of Rs.2,774 crore. The project cost is being shared between the Ministry of Road Transport and Highways at Rs.1,247 crore and Rs.1,527 crore respectively. The project also involves the construction of rail line, which is likely to be completed within this fiscal. Originally sanctioned 14 years ago, the project on completion will be one of the effective infrastructure networks ensuring all season rail and road connectivity between North and South Bihar. Furthermore, the bridge is also expected to produce additional connectivity to the north-eastern states.

 

 

ADANI TO ACQUIRE KATTUPALLI PORT

Adani Ports and Special Economic Zone (APSEZ) through its wholly owned subsidiary is expected to soon acquire the Kattupalli Port in Tamil Nadu from L&T Shipbuilding. The acquisition will be executed through APSEZ’s arm Adani Kattupalli Port. As per the agreement Adani will handle all the port operations after clearing the required government approvals. Kattupalli, a deepwater all weather port is an international container terminal with two berths having a total quay length of about 710 m. The port currently has a cargo handling capacity of 1.2 million TEUs per annum.

 




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