Cabinet okay for huge power transmission system, redevelopment of 400 railway stations

Eastern peripheral expressway that takes traffic away from Delhi and FDI revision also approved

GN Bureau | July 16, 2015


#power   #infra   #expressway   #fdi   #railways   #union cabinet   #indian railways  

The union cabinet on Thursday approved several proposals in infrastructure and power sectors, and also opened up investment doors.

The cabinet has opted for a new Swiss Challenge Method for the redevelopment of 400 railway stations. "This is a new method to award contracts for A1 and A category stations. Virtually 400 centres of the country will become centres of developmental activity," finance minister Arun Jaitley said.

In power sector, the cabinet gave okay to Rs 3,419 crore inter-state electricity transmission system that covers seven states - Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra & Rajasthan.

The project includes establishment of 48 new Grid sub-stations of different voltage levels with total transformation capacity around 17100 MVA (Mega Volt Ampere) by installing over 7800 ckt-kms (circuit kilometers) of transmission lines in these seven states. The project is proposed to be completed within a period of three to five years.

These States are rich in renewable resource potential and large capacity renewable power projects are planned there. Creation of an intra state transmission system will facilitate evacuation of renewable power from generation stations to load centres.

In another major development, it was decided to allow introduction of composite caps for simplification of FDI (foreign direct investment). There was a review of the FDI policy on various sectors provided in FDI Policy Circular for simplification of policy to attract FDI.

To boost infrastructure development, the cabinet gave its nod for the eastern peripheral expressway (EPE) project.  "The six-lane peripheral road will ensure that traffic not destined for Delhi, does not pass through the city, avoiding pollution," Jaitley said.

The expressway passes through Haryana and Uttar Pradesh. The main object of the project is to expedite improvement of infrastructure in the States of Haryana and Uttar Pradesh.  The road is a peripheral road around Delhi, so that the traffic which is not destined for Delhi, does not pass through this city. This avoids congestion and pollution in the city.

The cost is estimated to be Rs.7558 crore including Rs1795.20  crore for land acquisition, resettlement and rehabilitation and other pre-construction activities.The total length of the road will be approximately 135  kms. The project will be under the engineering, procurement and construction (EPC) basis.

In another major decision, the cabinet extended the scheme of recapitalisation of weak regional rural banks for next 3 years to ensure their financial stability was given a nod.

The cabinet also approved revised cost estimates for Phase.1 of Scheme of National Cyclone Risk Mitigation Project for AP & Odisha at a cost of Rs 2331 crore.

The cabinet has also approved the signing of memorandum of understanding (MoU) between India and Canada in the field of civil aviation.

MoU would help in deepening the bilateral cooperation and enhancing the experience and technical knowledge in the field of civil aviation between India and Canada.

Some of the important features of the MoU would be: An appropriate platform shall be formalized for exchange of views on the possibilities of fostering greater commercial/economic cooperation between the two countries in the areas of civil aviation. The two countries shall have a cooperation programme in the areas of safety of aircraft operations and related issues that will provide more up-to-date knowledge to Directorate General of Civil Aviation to make it familiar with the best international practices and the latest international civil aviation organisation’s safety oversight programme requirements. Apart from the above, India firms could also be benefited from the exchange of technical knowhow with the Canadian companies as the aviation industry is far more developed in Canada. Reciprocally, the Canadian companies could gain from enhanced access to the fast developing civil aviation industry in India.

Comments

 

Other News

Finance ministry ropes in NBCC to build houses for officers

Department of Economic Affairs (DEA) and National Buildings Construction Corporation Ltd (NBCC) have signed an agreement for the construction of housing project for Indian Economic Service (IES) officers. For this, the urban development ministry has allotted 3,519 square metre of land on Dee

Aviation minister lays foundation of integrated office of aviation agencies

The foundation stone for the integrated office complex of director general of civil aviation (DGCA), bureau of civil aviation security (BCAS), airports economic regulatory authority of India (AERA), aircraft accident investigation bureau (AAIB) and airports authority of India (AAI) was laid by civil aviati

Civil society pays tribute to veteran journalist Neelabh Mishra

Civil society has paid rich tributes to Neelabh Mishra, veteran journalist and human rights activist, who died in Chennai Saturday after a prolonged battle with liver failure. The National Alliance of People`s Movements (NAPM) said it was deeply saddened to know of the untimely demise of its

All you need to know about the H-1B visa rules

It seems the process of procuring H-1B visas may get more difficult for the Indian IT companies with the new policy announcement by the US president Donald Trump. The new policy may hit the third party supplier base of the Indian IT firms in the US, the biggest users of H-1B visas. Moreover, now the H-1B m

Book Review: Letters to a Young Poet

Most of us would recall how sorely we needed a guide, a mentor, when we were in our twenties and starting out in a career, or in the deeper study of a branch of k

Can we handle our e-waste?

India is the fifth largest producer of e-waste in the world and has discarded approximately 18 lakh metric tonnes of e-waste in 2016, which is 12 percent of the global e-waste, according to a United Nations University study, ‘The Global E-Waste Monitor 2017’. In fact by 2020, India’s e-wa

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter