Railways to expedite electrification

Source: The Hindu Business Line, Sept 21, 2017

New Delhi: The Railways Ministry is looking at ways to speed up the electrification process as it would help reduce the INR16,000-crore bill on diesel, Union Minister Piyush Goyal said on Thursday.

He said the Ministry is holding consultations with all those who are involved in the electrification process. The important things which are involved in the process include availability of equipment and adequate infrastructure.

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Maharashtra to begin work on Rs 1 trillion infra projects this year

Source: The Hindu Business Line, Sept 18, 2017

Mumbai: Chief Minister Devendra Fadnavis today said Maharashtra hopes to kickstart infrastructure projects entailing investment of Rs. 1 lakh crore this year.

“We hope to start works on projects worth Rs. 1 lakh crore this year,” Fadnavis said at an IACC event here without elaborating on specific projects.He said infrastructure projects worth Rs. 5.96 lakh crore have been planned in Maharashtra, which has earned the state honours from the NITI Aayog for being the leader in infrastructure creation.

Fadnavis said opportunities exist in the state for businesses across all sectors, and pointed out upcoming areas under the Smart City initiative which can be of interest to power, grid and housing industries.

Maharashtra, which accounts for 15 per cent of the national GDP, attracted 53 per cent of the foreign direct investment (FDI) in FY17, Fadnavis noted.

This was because of the steps taken by his government on ease of doing business, he said, and assured all help to the industry.

Morgan Stanley to make first close of $400-500 million next month

Source: The Economic Times, Sept 12, 2017

MUMBAI: Morgan Stanley is set to make a first close of $400-500 million for its maiden $1-billion India-dedicated infrastructure fund next month, as the Wall Street giant looks to create a more focused local approach to reap the benefits of an expected boom in the core infrastructure space in the country.

This fits in with the government’s drive to upgrade India’s creaking infrastructure as part of its overall economic revival programme and will help in securing money for asset creation. Read the rest of this entry »

Narendra Modi steps in to boost smart cities, urges states for early rollout

download (7).jpgSource: The Economic Times, Sept 07, 2017

NEW DELHI: With two years to go for 2019 parliamentary elections, Prime Minister Narendra Modi has stepped in to ensure results can be seen on the ground. The Centre has asked states to focus on impactful and public-private-partnership based smart city projects, which would show results over the next one year and have a review mechanism in place.

Ministry of housing and urban affairs, the nodal ministry for Smart Cities Mission has identified 261 impactful ventures worth Rs 31,000 crore and PPP projects worth Rs 32,000 crore for the states to work on.

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Govt aims to begin work on 3 river inter-linking projects and two dams soon

download (4)Source: Business Standard, Sept 05, 2017

New Delhi: The government aims to begin work on three river inter-linking projects and building two dams in the next three months, Union Water Resources Minister Nitin Gadkari said on Tuesday

The projects will cost the government around Rs 40,000 crore and will be launched by Prime Minister Narendra Modi, he said.Gadkari, who held a review meeting with senior officials of the water resources ministry this evening, said he would hold meetings with chief ministers of the states where the projects will be implemented and resolve various issues.

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Delhi airport to get a major makeover

Source: The Hindu Business Line, Aug 22, 2017

New Delhi / Hyderabad: Delhi airport is set to undergo another makeover, almost 10 years after GMR won the bid to modernise the facility in 2006.

Delhi International Airport Ltd (DIAL), which handled 57.7 million passengers and over 8,57,000 tonnes of cargo in 2016-17, is seeking to transform Delhi Airport into a preferred Hub Airport of Asia. The expansion process, as per the Airport Master Plan 2016, covers the airport airside, terminal and landside to meet future requirements. Read the rest of this entry »

Union government to double Metro network in 18 months, add 4 new cities on map

NEW DELHI: In a major fillip to urban transport, the Union government is all set to double the metro rail network over the next 18 months, adding four new cities to the metro map. The biggest gainers would be cities in BJP-ruled states, viz. Lucknow, Ahmedabad and Nagpur. Lucknow Metro would be the first off the block as it has received safety clearance and would be inaugurated within this month.

Election-bound Gujarat would get its first 6.3 km stretch in the capital city Ahmedabad next month. These two stretches would be followed by 28.4 km stretch in Delhi and 28 km in Hyderabad in September.

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