18 October 2019

Table of Contents for Ticker Tapes





Ticker Tape-Infrastructure

JV TO SPEED UP RAIL PROJECTS

 

The Union Cabinet has approved the formation of joint venture companies with various state governments to mobilise resources for undertaking rail infrastructure projects. As per the provisions, JVs will be formed with equity participation from the Ministry of Railways and respective state governments. Each of such JVs will be assigned with an initial paid-up capital of `100 crore. The initiative is expected to result in improved scope of participation from state governments in implementing rail projects and also benefit the inflow of required funds. The process is also expected to fast track the process of project execution by facilitating faster statutory approvals and modes of land acquisition.

 

 

 

`50,000 CR ROAD PROJECTS IN FY17

 

The Ministry of Road Transport and Highways has streamlined projects worth `50,000 crore under public-private partnership mode for FY16-17. The initiative marks the largest of such highway projects to be awarded so far under the PPP mode of execution in a single financial year. In addition, the ministry will be also awarding about 5,000 km of projects to private companies during the next fiscal. So far, the government has awarded projects worth `12,000 crore. The government has outlined plans to construct about 7,000-8,000 km of road networks for the next fiscal.

 

 

 

JICA FUNDS NE ROAD PROJECTS

 

Japan International Cooperation Agency (JICA) has offered `4,923 crore to fund five road projects to be developed in the country’s north-east . A `1,687 crore loan was sanctioned for improvement of NH-54 (Aizwal to Tuipand in Mizoram); and `285 crore for improvement of NH-51. A `1,661 crore has been earmarked for north-east connectivity project in Mizoram on NH-54. JICA has approved loan of `3,631 crore for north east road network connectivity improvement project (phase I).

 

 

 

35 PORT PROJECTS PLANNED

 

The Ministry of Shipping has streamlined about 35 projects for the port sector under public-private-partnership (PPP), entailing investments of around `50,000 crore. The ministry is already having 45 of such projects in operation. In addition, the government is also looking to fast track the execution of Sagarmala project and also to  setting up an Indian Port Rail Connectivity Company. A national perspective plan on the ambitious Sagarmala project is expected to be fully ready by midFebruary 2016. The other ambitious initiative being focused by the government is to convert 106 river stretches into waterways.

 

 

 

JNPT PLANS INLAND PORT

 

India’s largest public container handler, Jawaharlal Nehru Port Trust, plans to build an inland port at Jalna, about 225 miles from the Nhava Sheva harbor. A first-of-its-kind investment by a major port trust in the country, the inland cargo facility will be built on more than 457 acres of land near the industrial town of Aurangabad. The port administration body has already invested about Rs90 crore particularly on land acquisition and related activities. The dry port is also expected to allow shippers to carry out cargo consolidation and distribution activities at the site. It will also have temperature-controlled storage space and rail connectivity infrastructure. In addition, there will be a “customs bonded area” to handle import and export procedures.

 

 

 

4TH INTERNATIONAL AIRPORT FOR KERALA

 

Kerala is expected to soon get its fourth international airport. The proposed project will be developed at Kannur by Kannur International Airport Ltd (KIAL). Built on a public private partnership-based model, KIAL is planning to conduct test flights in January and begin passenger traffic by September. Once fully operational, the green field airport will be the largest of Kerala’s airports, with a runway stretching up to 3400m. With the project’s implementation and Kannur’s strategic location, the region is expected to be an airline hub between the far east and middle east.

 

 

 

BHENDI BAZAR REDEVELOPMENT PROJECT IN ACTION

 

 The Saifee Burhani Upliftment Trust (SBUT), the implementing agency for the `4,000 crore Bhendi Bazaar redevelopment project, has started construction on sub-clusters 1 and 3. Work on the remaining phases is also expected to soon commence and will be executed in phases. Currently, more than 70 dilapidated buildings have been demolished and over 1700 families and 400 businesses have been vacated from Bhendi Bazaar. The ambitious project covering 16.5 acres of land has more than 250 decrepit buildings which houses 3,200 families and 1,250 shops and all of these will be incorporated into a state-of-the-art sustainable development plan with 17 new buildings, wide roads, modern infrastructure, more open spaces and highly visible commercial areas.

 

 




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