Saturday, October 31, 2020

Table of Contents for Ticker Tapes





Ticker Tape- Infrastructure

CENTRE FOR PORT SECTOR PUSH

Tenders are soon expected to be floated for three new major ports in Maharashtra, West Bengal and Tamil Nadu by next month. The three new ports to come up at Wadhwan, Sagar and Colachel respectively will entail investment of up to Rs.20,000 crore. It is reported 12 major ports and three state-run undertakings under his Central ministry will be delivering a profit of Rs.6,000 crore this fiscal, and the entire proceeds will be invested in modernisation, computerisation and mechanisation of ports.

 

 

Rs.10,000 CR INVESTMENT FOR BENGAL

Essel Infraprojects Limited (EIL), a subsidiary of the Essel Group, will be investing up to Rs.10,000 crore to develop various cities of West Bengal. The company as part of its mission to build smarter communities and world class infrastructure is focused on projects like toll roads, sanitation, water treatment, transportation projects like metro, monorail and LRT, tourism and intelligent cities.

 

 

RAILWAY EXPANSION WORKS APPROVED

The Cabinet Committee on Economic Affairs has approved the construction of six railway lines and a railway bridge to cater to the increased passenger and freight needs in various parts of the country. The six proposals that have been cleared and expected to cost over Rs.10,700 crore include doubling of Hubli-Chickjajur railway line, construction of the Wardha-Ballarshah third railway line, doubling of Ramna-Singrauli railway line, construction of a third railway line between Anuppur-Katni, doubling of the Katni-Singrauli railway line and construction of additional bridge and doubling project of Rampur Dumra-Tal-Rajendrapul.

 

 

GUWAHATI METRORAIL OKAYED

The government of Assam has given the go ahead to the setting up of the Guwahati Metro Rail Corporation Limited (GMRCL) following a cabinet approval to the detailed project report for a Mass Rapid Transit System (MRTS) for the state capital Guwahati. The 203 km Metro corridor, to cost Rs.18,020 crore which includes land, is to be completed in three phases. Phase I with 54 stations will cover a length 61.4 km, and will have four corridors.

 

 

MORE FREIGHT CORRIDORS PROPOSED 

Indian Railways have submitted proposals to add four more dedicated freight corridors to boost its share in the freight pie and to divert loadings from roads to rail. The corridors being considered are the 2330 km long East-West Corridor (Kolkata-Mumbai), 2343 km long North-South Corridor (Delhi-Chennai), the 1100 km long East Coast Corridor (Kharagpur-Vijaywada) and the 899 km long Southern Corridor (Chennai-Goa). With work going on in full steam on both the corridors - Eastern DFC and Western DFC – they will be operationalised phase-wise from 2017 onwards and will be completed by 2019. Meanwhile a 56 km long track on the Eastern DFC will open to traffic this year.

 

BENGAL BOOST FOR INLAND WATERWAYS

Authorities in West Bengal have announced their decision to designate 2016-17 as the Year of Inland Waterways. They have allotted Rs.561 crore as part of a revamp of the state’s riverine network which includes development of tourist spots, construction of new ports and jetties, renovation of old ones and purchase of vessels the state transport department. It is reported Rs.100 crore has been allotted separately for developing RORO services in a major way.

 

 

RFP FOR NAVI MUMBAI AIRPORT

City and Industrial Development Corporation, the nodal agency responsible for the development of the Rs.16,000 crore Navi Mumbai International Airport project, will be calling for a Request for Proposal from the three qualified consortia by March 2016. It is reported technical evaluation of the pre-development works is being carried out and the authorities will shortly be opening the financial bids for the same. The pre-development work which is expected to commence next month involves flattening of hills, the diversion of the Ulwe river through a canal, and increasing the level of land from 0-2 metres to 5 metres above mean sea level.

 

 

 

DP WORLD EYES INDIAN PORT INFRA

The world’s fourth biggest container port operator, DP World Pvt Ltd owned by the Dubai government, is looking to invest over $1 billion in India in a bid to augment its port-related operations. The Dubai headquartered port firm which currently operates six container terminals in India, including Chennai, Mumbai, Kochi and Mundra will put its money in brownfield container terminals, greenfield container terminals, logistics parks, inland container depots, container rail facilities and basic infrastructure facilities.

 

 

PROPOSAL FOR SALE OF TOLL ROAD PROJECTS

Authorities from the Central Ministry of Road Transport and Highways have submitted a proposal to the Cabinet to sell 104 operational toll road projects with a total length of about 6,000-km to sovereign and pension funds in a bid to generate at least Rs.50,000 crore. It is reported the road projects proposed to be sold for operations and maintenance for a fixed long-term period against an upfront value include Gorkakhpur-Kasia, Kishangarh-Bhilwara, Bhadrak-Balasore, Visakhapatnam-Champawati, Jalandhar-Pathankot and Ghaziabad-Hapur among others.




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