Published on 3/01/2018 2:50:48 PM | Source: Equirus Securities Pvt Ltd

Infrastructure sector Update - December 2017 - Equirus Sec

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Nitin Gadkari flags off cargo movement on Brahmaputra

Union Shipping Minister Nitin Gadkari flagged off cargo movement on the Pandu-Dhubri route along the Brahmaputra for a major boost to the inland waterway transport system in the North East. The Union minister also announced that five bridges will be constructed on the river to ease transportation. The bridges will connect Jorhat with Nematighat, Disangmukh with Tekeliphuta, Louit with Khablu, Numaligarh with Gohpur and North Guwahati with Guwahati. Inland Water Authority of India (IWAI) will charge INR 318 per tonne of cargo from Pandu to encourage entrepreneurs and logistic operators to shift to inland waterway from road transportation.

NitinGadkarito discuss restructuring of Brahmaputra board

The Union Minister, Nitin Gadkari will hold a high powered board meeting of Brahmaputra Board with all the Chief Ministers of the North Eastern States and West Bengal to review the functioning Board in the region on December 30 at Kaziranga National Park. The Union Minister will chair the 9th meeting of High Powered Review Board of Brahmaputra Board (HPRB). He with Assam’s CM will lay foundation of INR 237 Crs project 'Protection of Majuli Island from Flood and Erosion" taken up by Brahmaputra board at a foundation laying ceremony to be held at Rawnapar in Majuli on December 29. He will also lay the foundation stone of 'Brahmaputra Board Complex, Majuli costing INR 40 Crs.

NHAI creates National Highways Investment Promotion Cell

NHAI has created a National Highways Investment Promotion Cell (NHIPC) for attracting domestic and foreign investment for highways projects. The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects. The government has set an ambitious target of construction of 35,000 km of national highways in the next five years involving an investment of INR 5,35,000 Crs. under Bharatmala.

Centre approves infra infrastructure development for North East with 100% funding

A new scheme for infrastructure development in the northeastern states with 100% funding by the central government was approved by the Union cabinet along with a capital investment subsidy amounting to INR 264.7 Crs. The Union Cabinet also approved the continuation of the existing Non Lapsable Central Pool of Resources (NLCPR) scheme with funding pattern of 90:10 till March, 2020, with an outlay of INR 5,300 Crs. to enable completion of ongoing projects. The cabinet approved the introduction of new central sector scheme of NESIDS from 2017-18 with 100% funding from the central government to fill the gaps in creation of infrastructure in specified sectors till March, 2020.

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