Page 10 - Infrastructure Projects

Cabinet approves Rs 6,600 crore scheme 'PM-DevINE' for North-Eastern states

Prime Minister's Development Initiative for North East Region (PM-DevINE), a Rs 6,600 crore scheme to support infrastructure, industries and other livelihood projects in the Northeastern states, was approved on Wednesday by the Union Cabinet, chaired by Prime Minister Narendra Modi. The new scheme, to be implemented during the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26, is a 100 per cent Central government-funded plan and will be administered by the Ministry of Development of North Eastern Region (DoNER), an official statement said. Efforts will be made to complete the PM-DevINE projects by 2025-26 so that there are no committed liabilities beyond this year and this implies front-loading of the sanctions under the scheme in 2022-23 and 2023-24 primarily, it said. While expenditure would continue to be incurred during 2024-25 and 2025-26, focused attention will be given to completing the sanctioned PM-DevINE projects. The PM-DevINE will lead to the .

CM Kejriwal lays foundation of flyover from Anand Vihar to Apsara Border

Delhi Chief Minister Arvind Kejriwal laid the foundation stone of a 6-lane flyover between Anand Vihar to Apsara Border, intended to decongest one of the national capital's most crowded corridors

Himachal CM launches development projects worth over Rs 60 crore in Kinnaur

Himachal Pradesh Chief Minister Jairam Thakur inaugurated and laid the foundation stones of 23 development projects worth about Rs 62 crore for the Kinnaur Assembly constituency

Top Headlines: PM Gati Shakti plan, broad-based rules for PE/VCs, and more

Under a 100-trillion-rupee ($1.2 trillion) mega project called PM Gati Shakti Modi's administration is creating a digital platform that combines 16 ministries

$1.2-trn 'PM Gati Shakti' plan can snatch away factories from China

Under a $1.2 trillion mega project called PM Gati Shakti -- Hindi for strength of speed -- Modi's administration is creating a digital platform that combines 16 ministries

S&P affirms Kerala's 'BB-/B' rating, gives outlook stable to state

Deficits resulting from spending on socio-economic programmes constrain ratings for the state: Agency

NHAI's InvIT plans to raise Rs 2,000 cr to acquire road assets: Report

The Infrastructure Investment Trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm

393 infra projects show cost overruns of Rs 4.65 trillion, says report

As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,526 projects, 393 reported cost overruns and as many as 647 projects were delayed. "Total original cost of implementation of the 1526 projects was Rs 21,26,460.93 crore and their anticipated completion cost is likely to be Rs 25,91,823.45 crore, which reflects overall cost overruns of Rs 4,65,362.52crore (21.88% of original cost)," the ministry's latest report for August 2022 said. According to the report, the expenditure incurred on these projects till August 2022 was Rs 13,60,645.94 crore, or 52.49 percent of the anticipated cost of the projects However, the number of delayed projects decreases to 500 if delay is calculated on the basis of latest schedule of ...

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

Tata Realty to raise Rs 6,000 cr as fresh debt

386 infrastructure projects show cost overruns of Rs 4.7 trillion

As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,505 projects, 386 reported cost overruns and as many as 661 projects were delayed. "Total original cost of implementation of the 1505 projects was Rs 21,21,793.23 crore and their anticipated completion cost is likely to be Rs 25,92,537.79 crore, which reflects overall cost overruns of Rs 4,70,744.56 crore (22.19% of original cost)," the ministry's latest report for July 2022 said. According to the report, the expenditure incurred on these projects till July 2022 was Rs 13,50,275.69 crore, or 52.08 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 511 if delay is calculated on the basis of the latest schedule of ...

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

PSP Projects surges 6% as company bags new orders worth Rs 247 cr

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.

Infra sectors that boost growth

Apply proven policies in telecom and electricity to rev up the economy

Govt plans infrastructure status for SEZs; move to ease financing norms

This will be done by giving them infrastructure status, at par with sectors to improve access to finance and enable long-term borrowing from lenders at easier terms

Govt plans infrastructure status for SEZs; move to ease financing norms

This will be done by giving them infrastructure status, at par with sectors to improve access to finance and enable long-term borrowing from lenders at easier terms

IFS: Getting set to make an impact

As the IFS will still function as an extended arm of the DEA, what then was the need to set up a new body? Six reasons suggest themselves

384 infra projects show cost overruns of Rs 4.66 trillion, says report

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.66 lakh crore, as per a report

Nitin Gadkari pulls up NHAI officials for not visiting project sites

The road transport and highways minister said that on Monday, he held a meeting with NHAI and NHIDCL officials on issues related to road projects in Assam