Search

Looking Ahead with Optimism

Despite the economic slowdown and contrary to initial apprehensions from the major stakeholders, Excon 2013 turned out to be a success, with OEMs and aggregate and components manufacturers launching a new range of machines and components, and some of them even announcing further investment to augment capacity, in order to meet the expected demand spurt in the coming years.

Road builders may have to pay fine to exit road projects

Union Road Minister Oscar Fernandes has said that road developers in the country will not be blamed for delays in regulatory procedure but have to take responsibility for their own faults and may have to pay up to 1 per cent of total project cost as penalty for exiting. If there is any fault on the part of the concessionaire, then there will be a penalty of a maximum of one per cent, of the total project for the developer to exit the project, he said.

Special road development scheme for Kerala: Fernandes

For development of roads in Kerala, National Highway Authority of India (NHAI) plans to have a special scheme considering the problem of shortage of land faced by the state, Union Minister for Road Transport and Highways Oscar Fernandes said in Thiruvananthapuram on July 15.The details of the scheme would be announced after clearing certain technical parameters, he said.

Minister takes rails, road to interact with commuters

Oscar Fernandes has become the Union Highways Minister at a time when the Government is less than a year away from going to the polls and highway projects are more in news due to the disputes surrounding them.But, in the first three weeks after having taken charge, Fernandes has hit the road in a manner that few of his predecessors have. While there may be no data to support this, many in the Ministry admit he has surely clocked more kilometres on the road than his predecessors, going by the f

Road builders asked to pay fine if want to exit projects

Union Road Minister Oscar Fernandes has said that road developers will not be blamed for delays in regulatory procedure but have to take responsibility for their own faults and may have to pay up to one per cent of total project cost as penalty for exiting. If there is any fault on the part of the concessionaire, then there will be a penalty of a maximum of one per cent, of the total project for the developer to exit the project, he said.

Digital Edition