Govt expects Rs.15 lakh crore investments under Sagarmala
The Dollar Business Bureau The Government is expecting investments worth Rs. 15 lakh crore under its ambitious 'Sagarmala' programme - for modernisation and developments of ports. “The Ministry expects Rs.15 lakh crore investments under the ambitious 'Sagarmala' infrastructure development programme,” said Minister of Road Transport and Highways and Shipping Nitin Gadkari after laying the foundation stone for setting up of a National Technology Centre for Ports, Waterways and Coasts (NTCPWC), at IIT Chennai. “We are expecting around Rs.4 lakh crore investment to be made in road connectivity, modernisation and mechanisation of ports and port-rail connectivity. Work worth Rs.2.80 lakh crore has already been started,” he added. Under the Sagarmala programme, the Shipping Ministry has planned to develop Special Economic Zones (SEZs), coastal ...
Rs 11K-cr Eastern Peripheral E-way to complete in Aug: Gadkari
PTI India's first -- Eastern Peripheral Expressway -- for decongesting Delhi will be completed in August this year, Union Minister Nitin Gadkari said today. Prime Minister Narendra Modi will dedicate to the nation the 135-km, the nearly Rs 11,000 crore access-controlled six-lane expressway. The project is replete with smart and intelligent highway traffic management system (HTMS) and video incident detection system (VIDS) besides a closed tolling system in which the collections will be made only on the distance travelled and not on the entire length. "The project, most likely, will be completed in August this year. We have spent a huge Rs 5,900 crore on land acquisition. Once complete, this will reduce traffic congestion in Delhi and will have the best ...
Multi-modal transport planning will be implemented in a big way: Gadkari
The Dollar Business Bureau After awarding a record Rs.4.5 lakh crore worth of contracts in highways segment, a multi-modal transport planning consisting of railways, waterways, airports and bus stations will be implemented in a big manner, said Road Transport, Highways and Shipping Minister Nitin Gadkari on Friday. “We broke all records in highways. We have awarded contracts worth Rs.4.5 lakh crore so far. We will be awarding contracts for 15,000 km of highways by March taking the highways building pace to 30 km from 20 km a day in December,” Gadkari said while addressing the reporters in New Delhi. The Minister said that 15% increase in allocation for highways in the Budget was a welcome measure and this is the first time that ...
Integration of inland waterways, coastal roads on 2020 agenda: Minister
The Dollar Business Bureau The Bill for declaration of 101 waterways as National Waterways (NW) is going to be introduced in the current Parliament session. This was informed by the Union Minister of Road Transport & Highways and Shipping, Nitin Gadkari, in a Parliamentary Consultative Committee meeting of the Ministry of Shipping, on Thursday. Speaking at the meet, the Union Minister further informed that the developmental process of the waterways found feasible for navigation, would be commenced from 2016-17. The Union Minister also informed about a proposal for establishment of a multimodal grid with road, rail and port connectivity with river terminals, on the existing National Waterways and Barak River. The already-approved Jal Marg Vikas (NW-I) is a component ...
