22 March, 2018
Virgin Hyperloop sets eye on Connecting Mumbai to Pune
India might be the first market for Hyperloop One after the Maharashtra Government signed a Memorandum of Understanding with Richard Branson to begin the development of the Mumbai-Pune route. Chairman of Virgin Hyperloop One, Richard Branson, has promised to connect Mumbai to Pune in 25mins or less in the next five to seven years. The said project has estimated revenue of $55 billion in the first thirty years of operation and will also result in reduced levels of greenhouse emissions. Hyperloop One has taken keen interest in the Indian Market and is set to decide on a detailed framework on other aspects like engineering, Public Private Partnership etc. in the next six months.
India signs six MoUs with Palestine
India has signed six MoUs with Palestine worth USD 40 Million this month when Prime Minister Narendra Modi visited Ramallah, being the first Indian Prime Minister to visit Ramallah in 30years. The six MoUs, each for a separate project, would result in infrastructural development of Palestine. The most important infrastructure project being the construction of Indo-Palestine Super-speciality hospital at Beit Sahour in Bethelhem Governorate at a cost of USD 30 million. The other MoUs results in the construction of Turathi, an India Palestine centre for empowering women; Construction of a new National Printing press at Ramallah; Construction of a school in Muthalth Al Shuhada Village; Construction of school in Tamoon village in Tubas Governorate in Palestine and Construction of an additional floor to Jawaharlal Nehru for Boys at Abu Dees.
Emirates Group to support Andhra Pradesh in the field of Aviation
Emirates Group has entered into a Memorandum of Understanding with Andhra Pradesh to support the state in Infrastructural development in the field of Aviation. Under the initial agreement, Emirates Group will exercise it’s expertise in aviation and try to recognise investment and development opportunities available. The collaboration between the State and Emirates is expected to be a big boost to the infrastructural development of the State and consequently result in the economic and industrial growth of India.
Animal Passage plan mandatory for Infrastructure Projects
The standing committee, headed by environment minister Harsh Vardhan, made it mandatory for all Infrastructure projects passing through protected areas and notified eco sensitive zone to have an Animal Passage Plan vide its decision on 25th January 2018. The implementing agencies would be under obligation to have a plan to ensure the safe movement of wild animals and allocate funds for the purpose of constructing such safe passage ways. Prior to this, implementing agencies were to follow the guidelines framed by Wildlife Institute of India but the same were not obligatory in nature. Earlier, implementing agencies would avoid making an Animal Passage plan to cut down on cost but now they would be under obligation to do the same. This would result in fewer litigation and better protection of wildlife.
Home Ministry sanctions 370crs for Border Infrastructure
The Home Ministry has allocated almost 370crs to Border Security Force (BSF) and Indo-Tibetan Border Police Force (ITBP) for construction of Border Infrastructure. The allocated amount would be utilised in the construction of bunkers and special climate control huts in the forward areas among other things.
For further information, please contact:
Vineet Aneja, Partner, Clasis Law
vineet.aneja@clasislaw.com
