IAS Daily Dose: Current Affairs 2013 for UPSC IAS Exam - Prime Minister finalized Targets for Infrastructure growth in India for FY 2012-13

Last Updated: May 22, 2013 at 11:32:16

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Current Affairs Notes for PT 2013

In the ports (Shipping) segment:

• The target for FY 12-13 will consist of a total of 42 projects. These will be for a value of Rs 14,500 crores and a capacity of 244 MTPA. This is three times what was achieved last year.

• Two projects for brand new Major Ports will be taken up during the year.

a) These will be in East Coast (Andhra Pradesh) and West Bengal.

b) The total investment will be Rs 20,500 crores for a capacity of 116 MTPA.

• The total capacity which will be awarded this year will be 360 MTPA with an investment of Rs 35,000 crores.

In the Roads segment:

• Total Road length to be awarded in FY 12-13 will be 9,500 kms, an increase of 18.7% over last year. The investment will rise by 73.6%.

• 4,360 kms of roads will be awarded for maintenance under the OMT (Operate, Maintain, Transfer) system for the first time.

In Civil Aviation Sector:

• Work on Itanagar airport would be commenced by AAI. The total investment on AAI projects will be Rs 2100 crores.

• Three new Greenfield Projects will be awarded in FY 13. These will be at Navi Mumbai, Goa and Kannur.

• New international airports will be declared in 3 or 4 of the following locations this year Lucknow, Varanasi, Coimbatore, Trichy and Gaya.

• An airline hub policy would be finalized and Hubs would be operationalised at Delhi and Chennai in FY13.

• PPP in airport operations would be explored.

• The capacity addition target for this year will be 18,000 MW (17,957 MW to be precise) including 2,000 MW to be added by the Kudankulam Atomic Power Project.

• The power generation target is 930 billion Units, an increase of 6.2%.

The quantum jump in investment targets in these sectors, with the aid of private sector participation, is expected to provide a massive boost to manufacturing activity in allied sectors in a scenario when the economy is faced with turbulent times. This will entail an investment of at least Rs. 2 lakh crore during the current fiscal.