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TN gets World Bank's aid for road project

For the second phase of Tamil Nadu Road Sector Project, the State government has obtained approval of the World Bank and the Central government, said Finance Minister O Panneerselvam, while presenting the State budget for 2013-14 in Chennai on March 21. Under this project, a total of 1,678 km of roads will be strengthened and widened.

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Cuttack-Chandbali h'way project in Odisha to take off now

Work on the much delayed Cuttack-Chandbali State highway expansion project in Odisha is all set to take off. The road project has been funded by the World Bank. The 106-km long and Rs 800 crore worth highway expansion project mooted in 2006 had failed to make a headway due to land acquisition problems.

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Budget plans 4 flyovers for Chennai, Rs 750 cr for Metro

Tamil Nadu's Budget tabled in the State Assembly on March 21 featured a number of schemes and allocation on both the plan and non-plan expenditure fronts. The widest ramification seems to be the announcement of a Multi Modal Transport Integration Study to be carried out over the financial year. Other major announcements included identification of four sites based on traffic flow patterns for flyover projects, and the allocation of Rs 1,250 crore towards plan expenditure on urban development sche

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Sadbhav wins 4-laning work of Rohtak-Hissar NH stretch

Sadbhav Engineering has been declared the successful bidder for four-laning of Rohtak to Hissar Section of NH-10 from km 87 to km 170. The National Highways Authority of India (Ministry of Road Transport and Highways) had invited the bid for the road widening project. The road project is to be executed as BOT (toll) project on DBFOT pattern under NHDP Phase III in Haryana. The length of the road project is 98.810 Km).

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Delhi's flyover is ready to facilitate signal-free ride

Delhi's signal-free ride is ready for road users. The signal-free ride from Delhi Cantonment to Dwarka and west Delhi areas will be a reality in a couple of days as the South Delhi Municipal Corporation is all set to inaugurate the Pankha Road flyover shortly.

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Consortium may lend Rs 7 bn to Dighi Port

A consortium of banks led by Bank of India would reportedly lend Rs 700 crore for the infrastructure project proposed to be carried out by Vijay Kalantri-promoted Dighi Port. The project, which is estimated to cost Rs 1,000 crore, includes setting up a new berth and road and rail infrastructure at the port. The remaining cost would be met by the promoters, reports indicate

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Container traffic at Chinese ports rises

Container traffic at the ports in northern Hebei of China rose 22.8 percent on a year-on-year basis to 142,000 Twenty Foot Equivalent Unit (TEU) in the first 2 months 2013. The collective cargo throughput increased 10.9 percent to 134.83 million tonne (mn t). While the port of Qinh

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Ports in Andhra witness decline in ore cargo

The hike in export duty on iron ore, increase in railway freight rates for export cargo of ore and the ban on illegal ore mining affected exports of the raw material. Gangavaram Port exported only 271,000 tonne this year as against 2.1 million tonne last fiscal. Other ports in Andhra Pradesh Visakhapatnam and Kakinada deep water ports lost 30 per cent in iron ore cargo traffic during 2012-13. In 2011-12, Kakinada Port

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Panel to examine 42 mines in Goa

Speaking in the state legislative assembly, Goa Chief Minister Manohar Parrikar informed that the Justice RMS Khandeparkar committee would investigate illegal revival of 42 mines 17 years ago. Last year, Goa government appointed the committee to investigate and examine the findings of the Shah Commission report on illegal mining which exposed a Rs 35,000 crore scam in the sector

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Power equipment industry shrinks 10.5% in 3rd quarter

In the third quarter of 2012-13, the power sector has deepened into gloom further as electrical equipment industry shrank 10.5 per cent. Turnover contracted 10 per cent, declining for the third consecutive quarter, and falling in double digits for the first time. The Indian Electrical and Electronics Manufacturers' Association (IEEMA) said almost all sectors declined, particularly power cables and energy meters business.